Big banks such as the Bank of America provide virtual credit card services as a free amenity to their customers. Third party services such as Entropay also create virtual and disposable credit cards for free. In addition to these offerings, the tech giant Apple Inc. is rolling out its virtual credit card in 2019. This card will be accepted at all MasterCard outlets and the app will categorize all the purchases for you.
What Are The Benefits Of Virtual Credit Cards?
Virtual credit cards have numerous benefits but the biggest benefit you will get is the protection of your credit card information. In the event a hacker steals your virtual card, they will not be able to compromise your actual account and this greatly improves your overall card security.
Having a virtual credit card will make it possible to get cash back rebates that will help you earn actual business money, unlike point cards. Purchases made using the virtual credit card will show up as normal in your account thus you will not need to worry about hidden transactions.
The ability to manage your virtual credit card through a digital wallet makes it a very convenient option. Instead of having to carry credit cards in your wallet, you can simply use your mobile phone and make your transaction from there.
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