In this application, a terminal transaction method and a terminal are provided and used to resolve a problem existing in the prior art that an NFC application does not match a type of a POS, and there is relatively poor user experience. The method includes: establishing, by a terminal, a near field communication NFC radio frequency connection to a point of sale POS, and starting up a first transaction; and selecting, by the terminal, a first NFC application corresponding to the POS, and performing the first transaction when a use condition of the first NFC application is already satisfied.