The virtual credit card works in the same way as the credit card. It can help in keeping your CC information secret. The Virtual CC Numbers are also validated; that means they appear like CC numbers. So, you may not need to worry about information theft when you transact online. Apart from the major use of payment of internet services. Virtual Credit cards don’t have other importance. One major difference between the Virtual Credit Card and the Real Credit Card. It’s the physical appearance, one has a physical form while the other a virtual form. You can easily know the difference between both of them that means It is easy to identify. This type of Credit Card cannot be used for one transaction, that is Physical Transaction.
Benefits of Using Virtual Credit Card
The major importance of virtual credit cards is the ability to close the account. If your major account number is revealed in a data breach because you didn’t use a virtual credit card, you may have to get your major credit card account number reissued. That simply means you will get a new account number. Unfortunately, this may cause problems with every vendor you’ve set up recurring payments with using your previous card number.
Therefore, the virtual credit card feature helps you to keep your major credit card account active. At the same time, closing the virtual card reduces the risk of your major account being exposed in a data breach. It also saves you the hassle of tracking down and updating your recurring payments with vendors other than the one affected by the breach.
When you want on limiting your spending with certain merchants, this kind of credit card can help with that, too. Depending on your card issuer, you may be able to set up a virtual account number with the spending limit you have in mind. Once you reach that limit, you won’t be able to make any more charges with that account number.
Types Of Virtual Credit Card Provider You Can Use
- Walmart Money Card
- American Express
- Bank Freedom
- Kotak Netcard
We have listed some of the V. credit card you can use so, it is now left for you to choose the best one you intend to use.