Know How Virtual Credit Cards Enhance Security for Online Transactions

In today’s digital age, where online transactions are a daily necessity, securing financial information is more crucial than ever. Virtual credit cards work like traditional credit cards but are entirely digital.

This kind of credit card offers enhanced security against unauthorised online transactions with several special features:

Unique card numbers
Expiration dates
CVV codes
Transaction settings
Spending limits

What are Virtual Credit Cards?

It is a digital card available online but does not have a physical presence. You can use it to complete your online transactions. Like regular credit cards, it contains all the essential details like card number, CVV, and expiration date.

However, the virtual cards come with temporary card numbers that are valid for only 24 to 48 hours. This makes it unique and protects you from fraud and unauthorised transactions, as the details are only valid for a short duration.

Know How Virtual Cards Enhance Security for Online Transactions

Virtual credit cards protect you with key features that make it a more reliable option than entering your card details on multiple payment portals. These features help to prevent scams and ensure safe payments without exposing sensitive details.

Unique Card Numbers

You can generate unique card numbers for each transaction or specific use. This minimises risks like card theft, cloning, or misuse.

Spending Limits & Expiration Dates

Set and adjust spending limits and expiration dates per card to ensure expenses stay within budget and prevent unauthorised charges.

Real-Time Transaction Monitoring

You will be able to detect illegal transactions in milliseconds. Financial institutions mainly use this proactive method to check every transaction in real time. This process constantly analyses transaction data to spot signs of fraud or unusual activity.

Temporary Usage

Valid for a short duration of up to 24 to 48 hours, ideal for single transactions, with the flexibility to cancel anytime.

Report and Block

If you suspect any usage of a credit card without your knowledge you can directly report and block the card through the website or app.

Know How to Use a Virtual Credit Card

You can use your virtual credit card similar to your physical credit card by following these simple steps:

Visit the Merchant’s Website or App

Open the website or app of the store where you want to make a purchase.

Choose Your Product or Service

Pick the item or service you’d like to buy and proceed to checkout.

Enter Virtual Card Details

On the payment page, input the virtual card number, expiry date, CVV, and any other necessary details.

Authenticate with OTP

Enter the one-time password (OTP) sent to your registered mobile number to confirm the transaction.

Confirmation of Payment

After the completion of the payment, you will receive a real-time update. You can see the transaction on your credit card statement.

How to Apply for a Virtual Card

Applying for a virtual card is simple and involves a few easy steps. Here’s how to apply:

Step 1: Ensure you have an existing credit card account. Check if the One Credit Card App, one of India’s best metal credit cards credit card issuers, offers virtual card options.

Step 2: Log in to your credit card account online. Search for the ‘Virtual Card Numbers’ section or look for information on virtual credit cards.

Step 3: Follow the issuer’s instructions, which may involve downloading a specific app or filling out an online form. They will generate a 16-digit virtual card number for you.

Step 4: You decide if the virtual card is for a one-time purchase or recurring payment.

Virtual cards come with powerful security systems to protect your primary credit card details. With features like setting spending limits, customised expiration dates, and real-time alerts, virtual cards reduce the risk of fraud.

The One Credit Card, one of India’s best metal credit cards, comes with strong digital security. With no joining fees, annual fees, or reward redemption fees, it offers great value. The OneCard app lets you manage everything, from setting transaction limits to enabling contactless payments, all in one place.

Additionally, you can get rewards of 5X points on the top two spending categories and it allows you to redeem points on EMI transactions. For a secure, flexible, and rewarding payment experience, apply for the One Credit Card today!