What Is a Virtual Credit Card, and How Does It Work?

Still have questions about virtual credit cards? Find answers below.

Do virtual credit cards affect your credit score?

Simply getting a virtual credit card won’t directly impact your credit score. Since they are linked to your existing credit card account, your regular credit card statement will reflect transactions you made with the virtual card. Depending on how you manage your payments and credit utilization, a virtual credit card could affect your credit score.

Can you get instant approval for a virtual credit card?

It depends on the policies and procedures of your credit card issuer, and instant approval may not always be a guarantee. Some issuers may offer immediate access to virtual credit cards, while others may require additional verification or processing time.

What is a temporary card?

A temporary card, also known as a virtual credit card, is a disposable credit card number you can use for online purchases instead of your real credit card number. It offers an extra layer of protection for more secure online transactions.

Can you use a virtual card in person?

No, virtual cards are typically designed for online use only. They are not meant to be used for in-person transactions as they lack physical cards associated with them. However, digital wallets, such as Apple Pay or Google Pay, can be used for both online and in-person transactions.

Who should get a virtual credit card?

Virtual credit cards can benefit anyone who frequently makes online purchases and wants to enhance their security. They are especially useful for protecting credit card information from potential data breaches or fraudulent activities during online transactions.

Are there liability protections for a virtual credit card?

While you should review your credit card’s specific terms and conditions , virtual credit cards typically have the same liability protections as traditional credit cards.