![]() Virtual card numbers protect your personal card information when shopping online, but digital wallets - like Apple Pay, Google Pay and Samsung Wallet - store things like credit card data, boarding passes and concert tickets. Virtual card numbers aren’t the same as digital wallets. ![]() Virtual cards are meant to limit digital fraud by reducing the risk of your credit card information being stolen. It’s generally intended for one-time use - though some can be reused - and prevents a retailer from storing your credit card information. What are virtual credit cards and how do they work?Ī virtual credit card is a digital credit card that replaces the 16-digit code printed on the front of your physical credit card. Here are our picks for the best virtual credit cards.Įarn unlimited 1.25X miles on every purchase, every day. And many newer cards are innovating on virtual card technology, making virtual card access more accessible and flexible. You can generate a virtual credit card number directly from your credit card account, with some issuers, or through apps and browser extensions. A virtual credit card can help, offering an additional layer of protection by disguising your personal information with a randomly generated 16-digit number. ![]() In 2022, 44% of credit card users experienced at least two fraudulent charges, according to the 2023 Credit Card Fraud Report from. In fact, 89% of US consumers used some form of digital payment in 2022, defined as any browser-based or in-app online purchase, in-store digital wallet payments and peer-to-peer payments, according to the Digital Payments Consumer Survey from McKinsey & Company. While a credit card touts purchase securities that debit cards can’t match, a virtual credit card offers enhanced measures to keep your financial data safe. This isn’t surprising as digital payments have become increasingly more mainstream. A virtual credit card offers a unique solution, allowing you to shop digitally with more peace of mind.Īpproximately 41% of Americans don’t pay for essentials using cash in a typical week, according to a 2022 PEW Research study. But as digital payments become more prevalent, data breaches and credit card fraud reports also tick up. For many, paying in cash may feel like a relic of the past.
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