What are VCC and which banks offer it?
Virtual Credit Card (VCC) are prepaid credit cards that allow users to make secure online payments which are separate to their bank accounts. These cards have unique account numbers and are increasingly used for online shopping, subscription services and for accessing prepaid services from third-party companies.
Benefits of VCC
VCC offers several benefits, including:
- Secure transactions: VCC allow users to securely purchase products online without revealing their bank details.
- Limit spending: VCC are prepaid cards which mean regular users cannot spend more than they have loaded onto the card.
- Increased privacy: VCC have a unique account number, which means that the personal information associated with a user’s bank account is not revealed.
- Flexibility: VCC is easier and more efficient than using cash, checks or even debit cards.
Which banks offer VCC?
Many banks offer VCC services, including:
- Citibank: Citibank offers Virtual Credit Card (VCC) with free application.
- HSBC: HSBC offer the VCC with $25 free credit to use for online purchases.
- Barclaycard US: Barclaycard US offers VCC for purchases from online retailers or phone orders.
- Standard Chartered: Standard Chartered offer the VCC with no annual fee and low interest rates.
In conclusion, VCC is a convenient and secure way to pay for online purchases and offers users several benefits, such as increased privacy and secure payments. As such, it is unsurprising that many banks offer VCC services.