Virtual Credit Cards and Their Benefits for Safer Transactions

Nowadays, we live in an era of practicality and swift technological progress. Smart devices and their wide range of apps make everyday tasks easier.

A recent breakthrough in the financial technology world is the virtual credit card. What is virtual credit card exactly and what are their benefits? Let’s find out!

Virtual Credit Card: What Is It?

A VCC, or Virtual credit card, is a modern financial tool that is only available digitally. It works just like a physical credit card for online payments — minus the plastic. Designed for those who value convenience and safety, VCCs are perfect for secure online shopping and managing digital services.

Different from the ordinary credit cards you keep in your wallet, virtual credit cards can only be accessed through an application or online platform. Therefore, you don’t need to worry about cards missing or being stolen, since all the data is in your phone or personal computer, which also provide full extra security features. 

Plus, VCC makes your life less complicated. You can make more than one Virtual credit card for all purposes, such as one for streaming subscription and the other for online shopping. If no longer needed, you can remove the card directly from the app. Given all these benefits, it’s understandable why VCC is now a top pick for those who prefer safe, practical, and hassle-free online transactions.

The Benefits of Using a Virtual Credit Card

‍

‍

Virtual credit cards come with lots of benefits which will make your life more convenient and safe. Here are three virtual credit card functions you must know:

1. Simplifying transactions

If you have a virtual payment card, everything will appear simpler. You do not have to bring your chunky wallet or find an ATM to buy something. For example, with an Honest card, you only need to tap your phone to the register, then the transaction is done in seconds. Design for simplicity enthusiasts!

2. Boosting security and protecting against fraud

One of the main benefits of virtual credit cards is their security feature. You can avoid scamming, especially when doing online shopping. A virtual credit card has a different number from your original credit card, so if your virtual number is spilled or stolen, the scammer cannot access your real information. You can also set a limit for your shopping or how long the card will be expired. And if there are suspicious activities across your own limit, the system automatically denies the transaction.

3. Helping you manage your finances 

A virtual credit card can also help you manage your finances more easily. With real-time notification features like those offered by the Honest card, you’ll instantly get alerts every time a transaction is made.

These notifications allow you to immediately check how much you’ve spent and where your money is going. So, no more forgetting your expenses or wondering how much balance you have left.

Not only is creating a virtual credit card easy, but every transaction is also clearly recorded in the app. This makes it much easier for you to track your budget and ensure there are no suspicious activities with your finances. Convenient, right?

One example of a credit card with a virtual credit card feature is the Honest Card. You can enjoy all these benefits simply by downloading and installing the Honest app on your phone.

Virtual Credit Card Advantages

‍

‍

Virtual credit cards have many advantages compared to other physical credit cards. What are they? Check these out!

1. Enhanced security

The main advantage of a virtual credit card is its much higher level of security compared to a regular physical credit card. Just imagine — a virtual card has a different number from your actual card, so even if your virtual card number gets leaked or stolen, your original data remains safe.

Since there’s no physical number that can be scanned or misused, the risk of fraud is significantly reduced. Plus, you can set spending limits and expiration dates for your virtual card directly through the app. This feature makes it even easier to control and protect your financial information from fraud. Safe and gives you peace of mind, right?

2. Simple and convenient

Another advantage of a virtual credit card is its ease of use and practicality. You can create a new Virtual Credit Card directly from the app within minutes. For example, with the Honest Credit Card, you can apply for a virtual credit card online through the Honest app and complete the application in less than five minutes.

On top of that, all transactions can be managed straight from your phone. You can quickly control everything — from setting your spending limit to deactivating the card if needed. Managing your finances becomes simpler and faster, making your life more practical and hassle-free.

3. No worries of losing your card

Virtual credit cards do not come in physical form, so there will be no worries of losing the card, especially for those who spend more time outdoors. Having a virtual credit card, all details are kept safely inside the app. Therefore, you can always control and make online payments easily, without worrying about losing your physical card. 

These VCC features are similar to Honest cards. The difference is, Honest card allows you a chance to have a virtual credit card and also a physical card without a number. If there is a possibility your card is stolen or lost, your data is still safe, since there is no number and your data printed within the card. The number and all other credit card details are kept safely in the Honest credit card app. If you lose your physical card, you can still use your digital card through the app. Simple and convenient!

How to Get an Honest Credit Card

Interested in using the Honest card? Check out how easy and fast it is to apply for a virtual credit card—less than five minutes!

1. Download the Honest app from the App Store or Play Store. Just search for "Honest" and install it!
2. Once the app is installed, you’ll need to agree to the terms and conditions of using the Honest credit card. This ensures everything is clear and legally binding.
3. Next, enter your phone number and complete the verification process. This is to make sure the number you provide is active and correct.
4. Then, verify your identity by scanning your ID card (KTP), taking a selfie, and making sure all the information on your ID matches what’s entered in the app.
5. After that, fill out your personal information, such as your ID number, mother’s maiden name, marital status, and education level. These details are important to keep the process smooth.
6. You’ll also need to provide information about your income, including your salary source, amount, and company name. Uploading a payslip is optional.
7. Finally, you’ll be asked to agree once more to the terms regarding data and credit card interest rates. Read carefully and agree.
8. Once all the information is complete, just wait for the approval process. If everything’s good, the Honest app will check your data and credit score. You’ll get a notification once your card is approved.

Now you know how to create a virtual credit card. It’s time to enjoy the convenience of shopping and all the credit card promos with Honest. No more hassle with transactions—your virtual credit card makes life more practical, safe, and easy.