The Benefits of Using a Virtual Credit Card

What is a virtual credit card?

A virtual credit card is a randomly-generated card number associated with your actual credit card. You may be able to set a maximum charge for the virtual number, further protecting your transaction.

The charges appear on your regular bill, but the merchant doesn’t have your actual credit card number. These cards only work on online transactions and they offer a safe payment alternative for online shopping.

What are the benefits of using a virtual credit card?

A virtual credit card can be used to shop online, take an Uber or to order items suing the internet.

You can set your spending limit.

You have an option to choose a card type. Normal cards can be ideal for when you’d like to make any purchases using one card. Single-use cards can be used to pay exact once-off amounts with ultimate security.

Using a virtual credit card can help you avoid debt, unnecessary interest and bank charges. Instead of spending money you don’t have and being responsible for high interest charges, you can simply transfer your own funds onto your virtual credit card and maintain control over your spending.

Getting a virtual credit card is quite easy.

How to get a virtual credit card:

Get an account from an online credit card provider by downloading it from your app store and completing the in-app registration in a few easy steps.

To start shopping with your virtual credit card, you’ll need to have funds in your account. You can transfer funds via EFT from your bank account, by depositing cash at your local supermarket or by simply linking your credit or cheque card.

You can then create your first virtual credit card in seconds and enjoy easy online shopping.