How to get a Virtual Credit Card? Validity, benefits – Here’s everything you need to know

financialexpress.com:

Digital transactions are becoming increasingly prevalent in India. Among the innovations driving this shift is the virtual credit card (VCC). A virtual credit card is a digital counterpart of a physical credit card, designed primarily for online transactions. Issued by banks, a virtual credit card is essentially a temporary card number that links to your actual credit card account. This number can be used for making purchases on e-commerce platforms, thereby offering an extra layer of security.

To get a virtual credit card, you need to have a regular credit card or a bank account with a bank that offers virtual credit cards. Many banks offer virtual credit card options to their customers but the service and features may vary. You can generate a virtual credit card through your bank’s online portal or mobile app.

Once generated, the virtual credit card comes with a unique card number, CVV, and expiration date, much like a physical card. However, this number is temporary and typically valid for a single transaction or a limited period, usually 24 to 48 hours.

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When making an online purchase, you enter the virtual card details instead of your actual credit card details. The transaction amount is deducted from your linked credit card or bank account, ensuring that your primary card information remains secure.

Virtual credit cards offer enhanced security features. Since the card number is temporary, even if it gets compromised, it cannot be used for future transactions. Additionally, the VCC limits the risk of unauthorised access to your main credit card account.

* Enhanced Security: The primary advantage of a virtual card is the added security. Since the