What is the use of virtual cards?
Virtual cards serve a variety of purposes:
- Security: A virtual card is a unique card number associated with your account but different from your actual physical card number. This helps protect your card details from being exposed to a data breach.
- Online Shopping: Virtual cards are ideal for online purchases, subscriptions, and sign-ups where you may want to provide something other than your primary card details. If a data breach occurs, only the virtual card information is compromised, leaving your main card and account safe.
- Control Over Spending: Some virtual cards allow you to set spending limits, which can be a handy budgeting tool. You can also specify the time frame during which the card can be used, adding another control layer.
- Single/Multi-Use: Some virtual cards are designed for single use, and the card number becomes invalid after a transaction is completed. Others can be used multiple times until you decide to cancel them.
- Convenience: Virtual cards are available immediately upon issuance, eliminating the need for a physical card to arrive in the mail.
- Fraud Prevention: If a virtual card number is stolen, the thief won't have access to your main account details, and the virtual card can easily be canceled without affecting your main card.
Remember, while virtual cards offer numerous advantages, they are not a complete solution for fraud or overspending. Monitoring your transactions regularly, keeping your devices secure, and practicing good online security habits are still important.
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How to get virtual cards?
Log in to zil.us Select an account Click on the Manage Cards button Click Add Card Select Virtual Card Provide Card label/Nickname and give spending limit and time span Set card usage restrictions from advanced options only if needed Click the Next ...
What is a virtual card?
A virtual card is the digital form of a debit card. You can get instant access to a virtual card as soon as you apply for it. Virtual cards can be used to shop online or pay at stores that accept Visa cards and have contactless payment options.
Can I use a virtual card to make purchases outside of the USA?
Yes, you can use a virtual card to purchase in all the countries that are not mentioned in the prohibited list.
Can I get a debit card for my checking account?
Yes. After signing up, the debit card will be automatically generated and mailed to your address. You can apply for more debit cards if needed. You can use this debit card for cash withdrawals, online and offline payments.
Which all are the Prohibited Countries, Products & Services?
Prohibited Countries/Jurisdictions Zil will not originate accounts, send/receive payments, or issue cards to persons or businesses from the countries/jurisdictions below: Afghanistan Albania Balkans Barbados Belarus Burkina Faso Burma (Myanmar) ...