- The Virtual Credit Card is a Visa Credit Card.
- Only one Virtual Credit Card is allowed against a primary credit card. Any request for a second Virtual Credit Card against the same primary credit card will be rejected.
- If your present credit card number as entered above is not linked to your user ID, it will be linked on issuance of the Virtual Credit Card.
- The virtual credit card currently offered is a Visa card. Master and Amex virtual credit cards will be launched soon.
- Credit Limit as set by you on your Virtual Credit Card will be restored in every next billing cycle irrespective of payment made, subject to overall available limit against your Primary Card.
- FAQ:
1. What is a virtual credit card?
A virtual credit card (VCC) is an add-on Visa credit card issued on your primary credit card. It does not have any plastic existence. All relevant details viz. the card number, the ‘VALID FROM’ date, the expiry date and the CVV number are visible online. The virtual credit card enables you to transact online with a credit limit of your choice.
2. Is it safer than the credit card I carry in my wallet?
The key details of your VCC like the card number, expiry date, etc. are visible online. You can use these details to transact online and never be worried about losing your card or having to carry it ‘safely’ in your wallet. Besides, you don’t have to wait for a physical card and ATM PIN to make their way to your residence.
3. How do I use the virtual credit card?
Since no physical plastic card is issued, it can be used for online transactions only.
4. What limit do I get for a virtual credit card? Can I alter the limit depending on my needs?
The initial credit limit of your virtual credit card will be Re.1/-. You can change the maximum limit on your VCC within the overall limit of your primary card.
5. How do I make payments for my virtual credit card transactions?
The transactions made with the virtual credit card will be visible online in your primary credit card statement. You can make payment through Infinity.
6. Can I place request to block the virtual credit card online?
Yes, you can block your VCC instantaneously online.
7. Is there any kind of fee levied at any time for issuing/holding a virtual credit card (VCC)?
No. Currently, the card is free of cost.
8. Can a separate card be issued to add-on cardholders as well?
No. The virtual credit card can be issued only to the primary cardholder.
9. How about the CVV number? Does it change every time I use the card for an online transaction?
The CVV remains unchanged as long as the card is in the active stage. The CVV will change only if you hot-list the current card for some reason and ask for a new card.
10. Is the VCC an international card?
Yes, it is an internationally valid Visa credit card.
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