What are Virtual Credit Cards

If you have heard of Virtual Credit Cards and wondering what exactly they are, then their two line definition can be -

"Virtual cards are temporary credit cards issues by certain banks which can be used over a small period of time to do only shopping without using your own Real Credit Cards"

What are Virtual Credit Cards

Virtual Credit cards are offered by various banks all over the Globe which can be created by paying certain amount of money. For example, using your credit card online is risky since anyone can get the 16 digit credit card number and expiry information and can use it to do shopping worth thousands of dollars. But what if you have a credit card worth only $100 ? and better 10 different credit cards each worth $100 ? then you can do only shopping safely knowing if their is some one who even get your information will not be able to get any financial advantage.

How does Virtual Credit Card Works ?

Virtual Credit cards are just like normal credit cards (they are virtual means NO plastic cards). You will get a 16 digit number, their expiry date and CVV code which is all needed for any credit card to be used online.

Other than not being a real plastic card, virtual credit cards have everything and while doing online shopping, the person only has to enter the 16 digit number, the expiry date of it (most likely after 3 months) and the CVV and the transaction will take place just like real credit card.

How to Create Virtual Credit Cards ?

Every Bank now days offer facility to create Online Virtual Credit Cards. . Whether your Bank does this or not you need to ask this to your Bank. If they don't, ask them how you can do it. If they say Yes you can do create the cards then nothing can better than them. It don't take more then 2 minutes to create any virtual credit card and the best thing is, suppose you create a virtual credit card of $100 and only uses $85, then the rest $15, once the card gets expired will be credited back to your account.

Advantages of Virtual Credit Card ?

The Biggest Advantage of Virtual Credit Cards is easily visible, they are safe and secure and provide you additional security as even if someone can get your credit card info, he can not misuse the info to withdraw thousands of dollars from your account.

You can also give this information to your teen age kids so they can also do online shopping without over expending it.