1 min read
25 May 2021

While you can carry a credit card in your wallet, a virtual credit card is an online card that comes with similar functions, but without a physical form. Credit card providers issue the same to customers keeping in mind their ease of use when making online transactions.

More so, it is a credit card issued along with a CVV and an expiry date, thus ensuring security during payments. Many card issuers also provide an online virtual credit card with a one-time usage facility along with the primary credit card they issue.

Now that you know about the virtual credit card, check out the advantages it brings along.

Advantages of a virtual credit card

1. Improves transactional security

Being a virtual card, its chances of theft or misuse reduces. Also, lenders issue it for a specific period of 24 to 48 hours, which further increases its security. Some credit cards come with a cancellation facility and can be cancelled when you don’t need them.

Get your Bajaj Finserv co-brand credit card approved instantly. Apply Now

2. Any remaining balance is transferred to the primary card on its expiry

If an amount from the available credit limit lies unused, it is transferred to the credit limit of your primary card.

3. You can get it free of cost

Virtual credit cards are issued only to the primary credit cardholders and not the secondary ones. Hence, the risk of any security breach is further reduced.

4. You can get it free of cost

Most card issuers offer this virtual financial tool at no extra cost. Therefore, you don’t need to pay any additional fee to avail the same.

While the benefits of a virtual credit card make it a useful credit instrument for online transactions, you still need a physical card for various other transactions.

You should, therefore, look out for options that bring exclusive features like emergency personal loans, interest-free cash withdrawal, effortless conversion to EMI, etc. Bajaj Finserv RBL Bank SuperCard is one such instrument that offers these industry-first features. To apply for it, you may check your offer that enables signing up for the same with one-step verification.

Apply for credit card
 

DISCLAIMER:
While care is taken to update the information, products, and services included in or available on our website and related platforms/websites, there may be inadvertent inaccuracies or typographical errors or delays in updating the information. The material contained in this site, and on associated web pages, is for reference and general information purpose and the details mentioned in the respective product/service document shall prevail in case of any inconsistency. Subscribers and users should seek professional advice before acting on the basis of the information contained herein. Please take an informed decision with respect to any product or service after going through the relevant product/service document and applicable terms and conditions. In case any inconsistencies observed, please click on reach us.

*Terms and conditions apply