Virtual Credit Cards

Advertising Disclosure

Credit-Land.com is an independent, advertising-supported web site. Credit-Land.com receives compensation from many credit card issuers whose offers appear on our site. Compensation from our advertising partners impacts how and where their products appear on our site, including, for example, the order in which they may appear within review lists. Credit-Land.com has not reviewed all available credit card offers in the marketplace.

Virtual Credit Cards


Updated: December 25, 2012

Add to Favorites:
Living in a virtual world, there’s always two of everything. There’s the real you and the virtual you, real games versus virtual games, real shopping versus virtual shopping, etc. But having two of everything can be beneficial, especially when it comes to your credit card security. If you purchase a lot of items online, having a virtual credit card number can keep your finances and your credit card information unknown to virtual hackers. Most credit card issuers offer virtual credit card numbers upon request. Instead of using your actual physical credit card for online purchases, you can input a new 16-digit credit card number with security code and expiration date. It’s a credit card without the actual card. The new account information is linked to your old account, so billing will be handled in the same fashion. The money will continue to be taken out of the original account, even though you provide a different number. Consumers can’t choose the numbers that they want for their 16-digit virtual credit card, but they can choose their expiration date. Bank of America allows the consumer to set a minimum expiration date two months from the date that they acquired the virtual credit card. Consumers can also set the maximum spending limit, as well as what website the virtual credit cards can be used on. All that added protection at no extra cost to you. Consumers must first call up their credit card issuer to see about the application process. After approval, if a consumer wants to make a purchase all they have to do is log-on to their virtual account and create a new virtual credit card number for each time they do any online shopping. Each credit card issuer is different, some companies allow you to reuse the same virtual card number with the same seller, but with other credit card issuers the number can only be used once. Consumers will find virtual credit cards helpful when making purchases on unsecure websites, to counteract reoccurring charges, and other security. If a thief so happens to get their hands on your virtual credit card, they won’t be happy at all. A virtual credit card has so many loopholes and consumer specific preferences that it’s basically useless in the hands of hacker. The scammer would have to know the expiration date, the website that it can be used for and the spending limit. While virtual credit cards offer extra protection, they aren’t perfect. Some consumers have reported being able to use their virtual credit card after its expiration date or for amounts more than what the credit limit was set to. Your credit history has no bearing as to whether or not you will be approved for a virtual credit card. But it’s important to still watch your credit card statements when using a virtual credit card. Although, it’s implausible, it’s not impossible for a thief to get their hands on your personal information and make unauthorized charges. Catch things like this early by being extra thorough when sifting through your credit card statements.

All rates and fees, and other terms and conditions of the products mentioned in this article/post are actual as of the last update date but are subject to change. See the current products’ Terms & Conditions on the issuing banks' websites.
Add to Favorites:
Get the latest news, articles and expert advice delivered to your inbox. It's FREE.

Related Research:

How to Subdue Wedding Expenses and Earn up to $1,000 for Honeymoon

How to Subdue Wedding Expenses and Earn up to $1,000 for Honeymoon

Posted: June 21, 2017

Whether you are married or not, we all agree that marriage is incredibly important for a person. It signifies the beginning of two people as a team, as a family, of a long commitment. It is a newly born union and the sign of your choice, ... Continue reading
How To Choose The Best Credit Card For Everyday Spending

How To Choose The Best Credit Card For Everyday Spending

Posted: June 21, 2017

When you reach for your wallet to pay for groceries, gas, dinner out, or any other everyday purchase, are you searching for cash, a debit card, or a credit card? Many people hesitate to charge this type of everyday spending to a credit ... Continue reading
How to Save Money. Best Credit Card Deals and Tips.

How to Save Money. Best Credit Card Deals and Tips.

Posted: June 20, 2017

We all've been through or may find ourselves in such an emergency when money is needed immediately. Lucky you are if you have savings for unexpected expenses. If not, it's never too late to start saving money. There are different ways to ... Continue reading