Free Virtual Credit Cards
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A free virtual credit card is a disposable kind of payment card that can used either to make payments online or to buy items online. There is safety and security in using such a card. How is that you wonder? Every time the cardholder buys something online he or she is given a brand new credit card number. This type of credit card is also sometimes referred to as being a single-use card numbers credit card.
A free virtual credit card is a disposable kind of payment card that can used either to make payments online or to buy items online. There is safety and security in using such a card. How is that you wonder? Every time the cardholder buys something online he or she is given a brand new credit card number. This type of credit card is also sometimes referred to as being a single-use card numbers credit card.
Free virtual credit cards are available through most major financial establishments and many other well known companies. For example MasterCard sells MasterCard Gift Cards which are virtual cards while Visa sells the Virtual Visa Gift Card. These cards work in much the same way that a gift voucher used online would.
A free virtual credit card works in much the same way that a traditional credit card does. However there are some features that do set it apart. The virtual card is similar to a prepaid card. What this means is that the limit for credit equals however much you wish to load onto the card.
As previously mentioned, fraud is a non-issue because the holder of the credit card will be issued a new number every time he wishes to buy something. Online fraud is becoming more and more of a concern but for those who choose a free virtual credit card your mind can be put at ease.
As a cardholder of a virtual card it is you who sets the limit on funds for the card. As well you also have a say as to when the card will expire. However the expiry date for these kinds of cards is not very lengthy.
These types of modern virtual cards are very convenient and easy to use as all of the information related to them is stored over the Internet. This is an excellent feature for individuals who tend to be forgetful when it comes to remembering numbers!
To purchase an item with a virtual card is a simple process. In other words, the transaction can be completed simply and easily with only a few clicks on the computer keys. Many credit card companies that wish to issue cards on a trial basis appreciate being able to send free virtual credit cards to their customers.
A virtual card is limited in its usage. As the name states, it is a virtual card, which means it cannot be used for any transactions offline. As well it cannot be used for every purchase you make over the internet. For example, you cannot book an airline ticket with this kind of card nor can you book a hotel room or pre-order a book, CD or DVD.
