Protect Your Identity With a Virtual Credit Card Number
As identity thieves and phishing artists continually intensify their scams to steal and use their victims’ sensitive information; several credit card companies now issue virtual credit card numbers. A virtual credit card is tied to your actual credit card number, but the issuer generates a number only good for a single-use or predetermined dollar amount. For internet users that are apprehensive or want an extra layer of security when shopping online - a virtual credit card number is the ideal solution. These virtual credit card numbers are available on numerous credit card offers from top credit card issuers like: Discover, Bank of America and Citibank.
A virtual credit card number works similar to a gift card, but is accepted by an online retailer depending on which credit cards they accept. So if you have a Visa-branded virtual credit card, you can use that card with any online retailer that accepts Visa credit cards. That retailer will then only have your virtual credit card number on file. If at any time the retailer’s system is comprised by thieves, your virtual credit card number is worthless. Also, credit card issuers do not hold cardholders liable for fraudulent charges made with a virtual credit card.
However, there are some limitations with using a virtual credit card. It is important to know that most virtual credit cards expire within one or two months. So if you choose to get a virtual credit card with a predetermined dollar amount, make sure you use it up completely or the next time you need to make that last-minute purchase online, it just won’t happen. If you are using a single-use card, the number is only good for one transaction. Also, don’t plan on using your virtual card for purchases that require you to show proof of the card like: airline ticket purchases, car rentals, hotel stays, etc. If you try using a virtual number for a reservation like this, your reservation may become as virtual as your virtual credit card.
Next time you’re shopping online or about to make a purchase from an unfamiliar retailer, contact or log on to your credit card issuer’s website and request a virtual credit card number. Doing this will provide an added layer of security to your personal information and ultimately give you peace-of-mind. Many customers are unaware of services like these designed to protect you and your identity against fraud - don’t be one of them. Take advantage of all that your credit card has to offer.
