What Are Virtual Cards?
Virtual cards are digital versions of credit or debit cards.
They exist only online and are used mainly for internet purchases.
You get a unique card number, expiration date, and CVV for each virtual card.
How Virtual Cards Work
- Issued by banks or payment providers
- Linked to your main account or balance
- Used for online shopping, subscriptions, and digital payments
- Secured with unique, often dynamic, card details
How Virtual Cards Differ from Physical Cards
- Format: Virtual cards are digital. Physical cards are tangible.
- Security: Virtual cards often offer better security, with features like changing CVV codes.
- Usage: Virtual cards are for online use. Physical cards are used in-store and online.
Types of Virtual Cards
Single-Use Virtual Cards
- Valid for one transaction
- Best for one-time purchases
- Reduces the risk of fraud
Multi-Use Virtual Cards
- Can be used for multiple transactions
- Good for subscriptions and regular online shopping
- Expires after a set period
Prepaid Virtual Cards
- Loaded with a set amount of money
- Spend only what’s available
- Useful for budgeting and controlled spending
Virtual Credit Cards
- Works like a traditional credit card
- Pay later with possible rewards or cashback
- Adds extra protection for online payments
Why Use Virtual Cards
- Keep your real card details private
- Prevent fraud with one-time or limited-use numbers
- Easily manage online spending
- Improve security for digital transactions