1. What is exactly Virtual Credit Card - VCC?This is a technology that allows a user to set up a new credit account with a bank on the Internet and then use this account number to purchase goods, also on the Internet.
- A Virtual Credit Card or VCC is a disposable credit card from which shopping can be done only once.
- It expire within one year or when it run out of money.
- It does not have any plastic existence.
- The expiry date and the CVV number are visible online. Virtual credit cards are created to be purely used online.
2. Key benefits of Virtual Credit Card.
- Shop without revealing our original Credit card number.
- Virtual credit card is for one time use only.
- VCC number should be normally used within 24 hour after generation of number.
- You can set your own limit for the VCC you generate subject to the unutilised limit on your actual credit card.
- Virtual credit card can be used only once with limited amount.
- You can use it on any merchant website that accepts Master Card or VISA payment cards.
- All purchases you make with VCC will appear on your statement, just like any other transaction.
- It ensures a completely safe and secure online shopping experience.
Your credit card is an important tool when it comes to your finances. This is precisely the reason why you should try your best to make the most of its perks. You may not realize it, but there are a number of things that you can do to maximize your card's use. This article presents a couple of cool tips every cardholder needs to remember.
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