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Sanvi Gavde

Sanvi Gavde

Asked on 9 June, 2019

What are virtual credit cards? What is their use?

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Nowadays, credit card fraud is on the rise. Users provide and put at risk their credit card details while making online transactions; cybercriminals can steal and misuse, especially, their hefty credit limits. To avoid this situation, one can use virtual credit cards that have no physical existence. These are temporary credit cards designed to protect one's original card/account information.

Hemant Rangarajan

Hemant Rangarajan

Asked on 9 June, 2019

How to create virtual credit card?

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Virtual credit cards are temporary cards that can be generated via internet banking by customers of almost all major banks. One can also visit their nearest bank branch for the same.

Hemant Jaiteley

Hemant Jaiteley

Asked on 9 June, 2019

Can I use virtual credit card at offline stores?

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No. Virtual credit cards are meant for making online transactions. So, one cannot use these at offline stores; they can be used only for making payments/transactions online.

Rajesh Venkatesan

Rajesh Venkatesan

Asked on 9 June, 2019

Which banks in India offer virtual credit cards?

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In India, several major banks provide virtual credit cards. For example, State Bank of India has "SBI Virtual Card", HDFC Bank provides "HDFC NetSafe virtual cards", and Kotak Mahindra Bank offers "Kotak Netc@rd Virtual Card".

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