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What’s the Hype Around a Virtual Credit Card and Should You Get One?



When you shop online, do you sometimes fear that your Tata Neu HDFC Credit Card details can be stolen or you can be a victim of fraud? You might like the new alternative which is the virtual credit card. What is it, how to apply and is there any future to If you are wondering the same, this blog is for you.

What is Virtual Credit Cards?

Virtual credit cards are online-only digital cards and as the name suggests, do not have a physical form like Tata Neu HDFC credit card. It’s similar to traditional credit or debit cards in that it has a card number, CVV, and validity dates and like those cards, Virtual credit cards too can be used to make online purchases.

Here are some advantages and disadvantages of having a virtual credit card.

Provides extra security: When you apply for a virtual credit card such as HDFC virtual credit card, your credit card company generates a card number, expiration date, and security code. This information is associated with your card account, but it differs from the information on your real credit card. Since the information produced by the card issuer normally expires after one transaction, a virtual credit card helps protect you from fraud. Even if that isn’t the case, you may easily modify, lock, or remove your virtual credit card at any moment without compromising your account’s ability to use it. This feature adds an additional degree of security to online transactions by preventing the physical card’s information from being revealed in the case of a data breach. Because the card is only available online, the chances of misuse or theft are reduced

Immediately available: Customers can access virtual credit cards such as HDFC virtual credit card promptly for required transactions because card issuers provide them online.

Online application and blocking are available immediately: Cardholders can apply online and promptly put a restriction on their VCC in the event of suspected fraudulent activity.

Features of a Virtual Credit Card

A virtual credit card, in addition to being actually virtual, offers the following features:

  • Virtual credit cards safeguard you against any data compromise caused by an unsecured network.
  • These credit cards assist consumers in protecting their online identities.
  • Virtual credit cards like HDFC virtual credit card do not need to be physically issued by credit card companies.
  • To transact using a virtual credit card, all you need is your phone.
  • Virtual credit cards are intended for one-time use only and are only active for 48 hours.
  • It should be emphasized that virtual credit cards are only provided to primary cardholders.

How to Apply for a Virtual Credit Card

The first step in obtaining an HDFC virtual credit card credit card is determining whether your card issuer provides this service. If it does, the process is quite similar to what you would do for any other card.

  • Compare prices, features, and perks before selecting a bank.
  • Open an online account by providing basic personal information and completing your KYC.
  • Activate your account and credit Card with the PIN or other information provided by the bank.

After that, simply enter your HDFC Virtual Credit Card information when making an online purchase, and the transaction will be reflected in your card account. It will also appear on your card statement. When utilizing it to make purchases or payments, users must follow the steps outlined below to complete a transaction.

  • Enter the card number.
  • Enter the needed validity.
  • OTP verification received to the registered mobile number
  • Finish the transaction

VCCs, like actual credit cards, have a predetermined credit limit. Within this limit, users may transact several times. It has the same credit limit as the primary card.

How Virtual credit cards are in comparison to credit cards?

While the use of virtual cards is becoming more popular in India, with major banks such as ICICI Bank, State Bank of India, HDFC Bank, and Axis Bank providing this option, the importance of your credit card such as Tata Neu HDFC credit card cannot be overstated. In the following cases, credit cards outperform their virtual counterparts.

  • Increasing your credit score
  • When you are looking for no interest-free term on the virtual card.
  • There are no reward points on the virtual card which you can get on Tata Neu HDFC credit card.
  • There are no discounts or special offers available for purchases made with virtual cards.
  • When utilizing a virtual card, EMI offers are not available.

As a result of these and other factors listed above, credit cards remain a preferred option over virtual cards, particularly among young Indians who have begun to utilise plastic money more regularly in recent years. While virtual cards provide additional security, they are not always the best option. Assume you’re returning an item you purchased with a one-time virtual card number. If the store only offers a refund to the original payment method or store credit, you may have to choose the latter. If you make a reservation online, you may be asked to verify with the card you used to book — and a virtual card number that does not match your actual card information can be problematic.

What is the future of Virtual credit cards?

Considering how well they are adapting themselves to an automated purchase procedure, the future of virtual credit cards appears rather promising. If your virtual credit card is hacked, you may always remove or freeze it with a single click of your primary credit card. The built-in security features of virtual credit cards make them far safer to be used in an expense transaction than a traditional credit card.

Furthermore, virtual credit cards protect you from fraud, may be cancelled at any time, and do not affect your recurring payments, making them safe and simple to use.

So, the next time you consider a potential security risk associated with using credit cards such as Tata Neu HDFC credit card, consider a virtual credit card as a viable answer. When shopping online, virtual credit card numbers can provide an extra degree of security. Not all credit card companies offer this function, but if yours does and you want a bit extra piece of mind, you should sign up.

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