Thursday, November 19, 2009

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Introducing Prepaid Credit Cards | Know About Virtual Credit Cards

What is a Virtual Credit Card?
A Virtual Credit Card is a prepaid and non-reloadable visa card that works like a real credit card. It can be used for online shopping and purchases at websites, online merchants, internet shops and web stores over the internet. Even it can be used for purchases over the phone and fax order where physical presence of card is not required.
Unlike regular credit cards, virtual credit cards (VCC) does not have any existence, but they can be safely used online for any kind of shopping or transactions.


  • Shop anywhere online such as Google, Adwords, PayPal, eBay, Amazon, ClickBank, iBill, ccBill, Facebook and anywhere else.
  • Use for recurring payments
  • No monthly fee
  • Pay fees at online schools and universities
  • Book and pay for travel, hotels and flights online
  • No requirements anyone can apply
  • Card is sent virtually within just 72 hours or even less time in your email INBOX
  • No bank account number required
  • Worldwide acceptance throughout internet merchants and websites
  • GIFT your family, friends or colleagues
Virtual cards lift any kind of fraud transactions, credit card information leak or misuse chances since these cards are valid for few hours. You can set your own credit limit, validity period and can also cancel the card at anytime before it’s expiry period. The launch of virtual credit cards in India is an innovative step to minimize the online fraud chances.

Virtual Credit Card

Since VCC cards are meant for online shopping or transactions only, you can create virtual credit cards from your online credit card account, provided by your bank. You can set your own credit limit, expiry date and the bank will give you a new CCV code (3 digit security code) for online transactions. These cards can be compared with prepaid cards since you set the amount, get all informations and then use it.

Currently Indian banks like ICICI bank, HDFC bank, Citi bank, Kotak Mahindra bank are providing virtual credit card facility to their customers. HDFC bank allows it’s customers to create VCC cards online by withdrawing money from their savings account also. All unused money will automatically get transferred to the credit card or savings account after the expiry of the issued VCC card.

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About bench3 -

Haja Peer Mohamed H, Software Engineer by profession, Author, Founder and CEO of "bench3" you can connect with me on Twitter , Facebook and also onGoogle+

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