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What is a virtual credit card?

The things that don’t really exist: the virtual credit card. Physically, you don’t get a plastic card, as you are used to from banks, but only the following data: credit card, check number and period of validity. These are sufficient for payments on the Internet. The classic credit cards are not replaced, however, because there are very different ideas behind the two card types.

Classic credit card

Classic credit card

The classic credit card can be used anywhere in the world for 24 hours. Coffee houses, hotels, rental cars, shops etc. always welcome credit card holders. In order to receive a classic credit card, you have to meet a number of requirements, such as having an income, being of legal age or being creditworthy. The idea of ​​virtual credit cards is very different.

The idea behind the virtual credit card

The idea behind the virtual credit card

A virtual credit card can be applied for quickly and easily. Credit bureau information or a credit check are not required. It is because this card is based on credit. This means that the virtual credit card must be charged before use. This means that there is no overdraft risk. This card is therefore also suitable for minors.

The advantages of a virtual credit card

The advantages of a virtual credit card

Such a card can be ordered quickly and loaded up fairly quickly, and cost control is maintained.

A virtual credit card is not in a wallet or pocket and cannot be physically stolen. Theft can happen on the Internet just like with a classic credit card, but the loss is limited to the deposited credit.

The disadvantages of a virtual credit card

The disadvantages of a virtual credit card

The advantages of a virtual credit card are the advantages of a classic credit card. You cannot pay offline with an online card, not even abroad. Going to ATMs with a virtual card is also pointless. Depending on the provider, there are various fees, such as annual or recharge fees. Nevertheless, virtual credit cards are very popular and especially popular among young people.

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