Financial services have evolved to cater to the needs of modern consumers in today’s digital age. One such innovation is the digital or virtual EMI card, a seamless and convenient payment solution for online shopping. The Bajaj Finserv Insta EMI Card, in particular, has emerged as a leading player in this space, providing customers with a host of benefits and features that simplify their online purchasing experience. Check your eligibility for the Bajaj Finserv Insta EMI Card today. You may already be eligible, find out by entering your mobile number and OTP.
Managing your budget has never been easier with a virtual EMI card that helps you plan your expenses smartly. Explore the key features and advantages of virtual EMI cards, understand the differences between physical and virtual/digital cards, and learn how to apply for them.
What is a Virtual card?
A virtual card, also known as a temporary card number or anonymous card number, is a credit or debit card number that can be generated via a website or mobile application, and it does not have a physical card associated with it. Virtual cards are suitable for most online transactions as they serve to conceal your personal and financial details. Frequently, you have the option to establish a maximum spending limit on the virtual card to safeguard against excessive charges. Additionally, some virtual cards may be tied to a specific merchant to prevent unauthorized use in case the merchant's security is compromised.
Benefits of virtual EMI cards
Virtual EMI cards offer a range of features designed to enhance the ease and security of online transactions. Here are some of the key benefits of using a virtual EMI card like the one offered by Bajaj Finserv:
- Instant activation: Virtual EMI cards are instantly generated upon approval, allowing you to start shopping online immediately. Unlike physical cards that may take days to be delivered, virtual cards are accessible right after the application process.
- Flexible loan amount: Our digital card, the Bajaj Finserv Insta EMI Card offers a pre-qualified card loan offer amount of up to 3 lakh, giving you the freedom to shop within your credit limit. This amount can be used to make purchases across various partner stores and e-commerce platforms.
- Secure transactions: Virtual EMI cards come with secure authentication features, including One-Time Passwords (OTP), making online transactions safe and protected from potential fraud.
- Wide acceptance: One of the best digital cards is the Bajaj Finserv Insta EMI Card, which is widely accepted across a vast network of partner merchants, giving you access to a diverse range of products and services.
- Track transactions online: Virtual EMI cardholders can easily track their transactions and monitor their spending through a user-friendly online portal.
- Easy EMI: Virtual EMI cards provide the convenience of Easy EMI options, enabling you to convert your purchases into easy monthly instalments without incurring heavy interest or processing fees.
Looking to upgrade your home appliances or electronics without straining your finances? The Bajaj Finserv Insta EMI Card offers flexible payment options for all your needs. Check your offers now. You may already be eligible, find out by entering your mobile number and OTP.
Difference between physical EMI cards and virtual EMI cards
The primary difference between physical EMI cards and digital or virtual EMI cards lies in their form factor and usage:
| Features | Physical EMI cards | Digital/Virtual EMI cards |
| Format | Traditional card format, like debit/credit cards | Digital, existing in electronic format |
| Portability | Physically carried, can be inconvenient | No physical handling needed, instant creation |
| Usage | In-store and online transactions | Primarily designed for online, can be used in-store |
| Delivery time | Delivered to address after approval (few days) | Instant creation upon approval |
| Suitable for | Both in-store and online purchases | Primarily for online shopping, adaptable for in-store |
| Security and convenience | May require physical presence, less secure | Highly secure and convenient for online shopping |
Physical EMI cards:
- Physical EMI cards come in a traditional card format, similar to debit or credit cards
- They are tangible and need to be carried with you physically, which may sometimes be inconvenient
- Physical cards are suitable for in-store purchases and can also be used for online transactions
- They are delivered to the cardholder's address after the application is approved, which can take a few days
Digital/Virtual EMI cards:
- Virtual EMI cards are digital cards that exist in electronic format only
- They are created instantly upon approval and do not require any physical handling
- Virtual cards are specifically designed for online transactions but can also be used for in-store purchases after providing the details
- They offer greater security and convenience, especially for those who prefer to shop online frequently
How to use a virtual card?
- Log on to the partner e-commerce website.
- Browse through the categories and select the product you desire.
- Choose your payment method as Bajaj Finserv Insta EMI Card
- Use your card details and select a suitable tenure between 3-60 months, based on your needs.
- Authorise your purchase with an OTP sent to your registered mobile number.
The Bajaj Finserv Insta EMI Card is primarily offered in the virtual format, catering to the growing trend of online shopping and to ensure a hassle-free experience for users.
Planning to purchase new furniture or renovate your home? Make your dream home a reality with easy EMI options. Check your offers for the Bajaj Finserv Insta EMI Card today. You may already be eligible, find out by entering your mobile number and OTP.
