A Complete Guide to Virtual Credit Cards in India

 


How Do They Work?

  • The mechanics of virtual credit cards mirror those of physical cards, but with an added layer of security.
  • These cards are typically generated through banking platforms or financial apps, linked to your primary credit card.
  • Each virtual card comes with distinct credentials, including a card number, expiration date, and CVV, providing users with a secure and versatile means of conducting online transactions.

Key Details

  • Generated via banking apps and platforms
  • Connected to primary credit card
  • Have unique card number, expiry, CVV for each transaction
  • Allow secure online purchases

Benefits of Virtual Credit Cards

  1. Enhanced Security
    • Virtual credit cards provide an extra layer of security as they are not physical entities that can be misplaced or stolen.
  2. Protection Against Fraud
    • Virtual credit cards, with their transaction-specific use and limited validity, are less prone to fraud than checks, as their details lose value outside the intended transaction.
  3. Control Over Spending
    • Virtual credit cards allow you to set specific spending limits and expiration dates, giving you better control over your finances. This feature is particularly useful for online subscriptions or one-time purchases.
  4. Privacy Safeguard
    • When making online purchases, your primary credit card details remain restricted to specific merchants and certain spending limits. Virtual credit cards act as a shield, keeping your sensitive information secure from potential data breaches. 

Key Benefits

  • Enhanced security compared to physical cards
  • Less prone to fraud due to limited validity
  • Greater spending control via limits and expiry dates
  • Protects privacy by not exposing primary card info

    Read More - Gokiwi 

Comments

Post a Comment

Popular posts from this blog

  RuPay Credit Cards – Debunking Common Myths RuPay credit cards are becoming increasingly popular in India. Most of the banks and financial institutions are launching RuPay Credit Cards.UPI payment is the primary feature of the RuPay Credit Card, but there are other benefits as well. Despite all the benefits some common misunderstandings still exist related to RuPay Card. These myths stop people from applying for RuPay credit cards. In this blog, we will debunk these myths so you can make an informed decision about Rupay Credit Cards. Myth 1: RuPay Credit Cards Don’t Work Outside India This is one of the biggest myth about RuPay Cards as Many people think that RuPay cards only work in India. But this is not true at all. RuPay works with international networks like Discover and JCB. You can use these cards in over 190 countries. Whether shopping online or travelling abroad, RuPay credit cards are just as useful as other cards. But you need to make sure that you enabled Internationa...
Read more
  Apply for a Rupay Credit Card Using the Kiwi App? Steps to Apply Rupay Credit Cards Using the Kiwi App: Start by downloading the Kiwi App on your mobile phone. Open the app and click on ‘Login.’ Enter your registered mobile number. A one-time password (OTP) will be sent to your mobile number. Enter the OTP to proceed. After logging in, you can apply for a Rupay credit card by following the next steps. Fill in your PAN card number, name (as it appears on your PAN card), and date of birth, then press ‘Submit.’ Your details will be verified. After verification, a page will display the available credit card options. Choose the type of card you want and click ‘Apply.’ You’ll be asked to fill out the application with the following details: personal, contact, and career details. Complete these fields. After filling in the details, agree to the terms and conditions, and click ‘Submit.’ You will receive another OTP on your registered mobile number. Enter the OTP and click on “Verify and C...
Read more
  Make UPI Payment Using RuPay Credit Card Digital payments have become an indispensable part of our everyday lives. With the rise of the Unified Payments Interface (UPI) and RuPay credit cards in India, making digital payments has become faster, easier, and more rewarding than ever before. This article provides a simple guide to understanding UPI payments, RuPay credit cards, and how platforms like Kiwi are enhancing the user experience. Read Further Here —  Gokiwi
Read more