Nowadays, everybody is into using the credit or the debit cards and Demonetisation has increased the use of such cards and helped in moving towards a cashless economy. Now almost everywhere there is an increased use of credit and debit cards whether it is any e-commerce website or any petrol pump or a restaurant or any other public places. But people still fear losing their hard earned money due to some fraud techniques after which the details of the credit and debit card are hacked and known to somebody else. Many such incidents of hacking the payment gateways and other fraudulent techniques to get the user details have been reported in India. Here comes the solution i.e. Virtual Credit Cards (VCC).
Virtual Credit Card is a service that provides you with temporary credit card for use in other sites without providing anybody your original card details. It is a prepaid card because there is no credit facility into it. These cards are much safer for doing transactions especially online transactions.
The following are the apps and services providing virtual cards which are open to all and can be used by anyone.
- FreeCharge Go MasterCard
FreeCharge is an internet recharges and bill payment facility that is currently owned by Snapdeal. Recently freecharge dilated the usability of its case by giving users a free virtual card (called FreeCharge Go card) powered by affirmative Bank and MasterCard which may be used across any online merchant site; eBay, Flipkart, Snapdeal, Amazon or anyplace you would like to. 3D code authentication is completed throughout the cardboard usage by an associate SMS to the signal registered with FreeCharge.
To get the cardboard,
- Sign in to FreeCharge account or produce a brand new account.
- Head to Account section and opt for FreeCharge Go MasterCard.
- Enter a four digit PIN and your card is prepared.
- Load your case and start using!
- Pockets Wallet by ICICI Bank
Pockets could be a convenient service backed by the trust of ICICI bank. Anybody can sign up for associated build use of Pockets and being an ICICI Bank client is no compulsion. A free virtual visa MasterCard is obtainable with the case which may be accustomed build payments across all on-line merchants in India. Besides from that, Pockets additionally offers associate choice to get a physical card link to the case, but the yearly fees applies for that. The advantage of a physical card is that it will then be used at offline stores.
- Slonkit
Slonkit doesn’t provide a virtual card, instead a physical card. But it’s still kept here because of being a good service provider. Slonkit is targeted at youngsters. It offers a free paid Visa MasterCard that is re-loadable by victimization the Slonkit app. the concept is to show cash management to kids. The app offers mobile recharges, chase of spends (card transactions) and creation of budgets for money-saving. The app additionally bundles a variety of offers from varied merchants.
Although targeted at youngsters, the service may be utilized by anyone (18+ users area unit supported too) to urge a free visa revolving credit that is re-loadable as per want and usable at any place across India, online and offline. The cards may be instantly blocked for once if some fraud happens but it’s unacceptable to withdraw cash from ATM with the victimized Slonkit Visa cards.
- Lime Wallet by Axis Bank
Lime Wallet by Axis Bank could be a service just like Pockets by ICICI Bank. A free virtual MasterCard (called looking Card) powered by MasterCard is obtainable to the users of Lime Wallet service. The card may be used to carry out transaction in India with no international usage allowed.
- Union Bank Digipurse Wallet
Union Bank additionally offers its case service just like Pockets Wallet. The app is a lot of a virtual checking account which may be loaded from a traditional credit/debit card so the wallet’s card may be accustomed to payments at anyplace, domestic or international.
- Oxigen Wallet prepaid Card
Oxigen Wallet is a widespread Wallet app that is used for running exclusive cashback offers from time to time. The oxigen Wallet offers a free virtual visa card which may be accustomed to build purchases on any portal inside India.
- Entropay Virtual Visa Card
Not primarily based in India, however Entropay has been around since long. The service offers free virtual visa cards internationally. Though they are charging a high loading commission, however Entropay is perhaps the sole virtual card service that is for anybody and is usable internationally. You’ll generate any range of cards and might even transfer funds from one card to the other. Entropay doesn’t support the 3D verification (VBV/MSC) and thus majority of Indian won’t settle for it.
- Kotak Mahindra Bank Netcard
Kotak Mahindra Bank customers will avail the free Kotak NetCard (Netc@rd). The service is powered by Enstage and therefore the provided VCCs solely work internationally as they are doing and do not support secondary verification within the style of 3D secure code. If you would like to buy one thing from international merchants who don’t like 3D authentication, Kotak NetCard could be a nice possibility. It cannot be used on PayPal owing to its limit of just one transaction.
- SBI Virtual Card
State Bank of India customers will log into their Net Banking account to come up with free virtual cards ranging from ₹100 up to ₹50,000. The card expires once one transaction has been done and/or forty eight hours since card creation. SBI virtual cards will solely be used domestically; transactions approved by sending a text to your registered mobile number.
- HDFC Bank NetSafe
HDFC Bank additionally offers virtual credit cards to its customers through its NetSafe interface. The life of the card is forty-eight hours or first transaction (whichever is earlier).
These are all the ways in which you can get the Virtual Credit/Debit Cards.
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