Online credit cards, also known as virtual credit cards, are ultimate tools that give you access to your credit card limit shortly after approval without interruptions. In simple terms, an online credit card is a one-time digital card number different from your regular credit card number. Once activated, this card can be used until your physical cards arrive.
This 16-digit virtual card number is connected to your online credit card app, which is different from the physical card. The security code and validity date also change, which helps you protect from fraudulent transactions. Similar to the physical credit card, you can manage everything from the app, which makes it a better option for online payments.
Features of Online Credit Card
Here is a list of virtual credit card features, that include advanced security measures which are beneficial than traditional credit cards.
- Immediate Blocking
Unlike the physical credit card, you can quickly block your virtual card if they are no longer required, stolen, lost, or if the card expires. This helps the card get rid of fraudulent activities on your account.
- Real-Time Transaction Alert
The virtual card allows you to get real-time updates whenever you make a transaction from your account. It responds to unauthorised transactions and provides quick account identification during payments.
- Customised Spending Limit
You can customise your spending limit using an online credit card. This feature is provided to save you from additional charges and excess spending.
- Converting EMIs
With a virtual credit card, you can easily convert your transactions into feasible EMIs. With complete control over your spending, you can use the EMI option by using the ‘call on EMI’ facility.
- Transaction Settings
You can easily change the transaction settings for your virtual credit card. It comes with features like turning off merchant outlets, tap-to-pay, and online payment features.
Versatility of Online Credit Cards
- Paying Online
Online shopping and e-commerce have become popular for shopping. The virtual card allows you to pay without sharing your physical credit card details. This card saves you from third-party data storage and associated risks.
- Offline Payments
You can use a virtual credit card at physical stores by using the tap-to-pay feature. As a virtual credit card cannot be swiped at a physical store, you can tap the transaction machine and pay the merchant.
- Utility Bill Payments
Online bill payments like electricity and water bills can be paid through our virtual credit card. By adding your virtual card details to your online credit card app, you can use the same to pay utility bills periodically.
- Paying for Subscriptions and Memberships
You can use this card to renew subscriptions and memberships. For example, if you want to renew your Netflix account every month, you can use it.
- Signing up for new Subscription Services
If you wish to sign up for a new subscription or membership service, you can pay using this card. Without letting you share physical card details, you can still get the subscription and renew it with the same details.
You can get all these benefits with the One Credit Card, as it allows you to get a virtual version of your physical credit card. With additional security benefits and 5X reward redemption, you can use a virtual card for shopping, renting, planning trips, subscribing/renewing, buying gift cards, and enabling cash transfers.
With this online credit card app, you can also set up a monthly budget to manage your expenses and get add-on cards for your family. Not only rewards and benefits, but you can manage all the transactions and use the virtual card through the OneCard mobile app. Since It is a lifetime-free credit card, you do not have to worry about any recurring fees and charges either. You can check out and apply for the OneCard now and enjoy the flexible benefits.
Read Also: What Documents Are Needed to Apply for the One Free Credit Card?
