Why are virtual credit cards useful?

With the rapid and, for the time being, continuous increase in internet purchases, one of the security tools more widely accepted is the use of virtual credit cards, also known as prepaid cards or money cards. In this article, we tell you what they are, why they are useful and, incidentally, we offer you a list of some of the best.

Why are they advantageous? As they do not have a magnetic stripe or are contactless, they cannot be passed through the readers of the stores –  the physical ones nor, of course, the virtual ones -, so they are much more secure. In fact, since security is the priority, it is usually reinforced with codes or PINs, generally through the mobile phone.

If you want a precise definition, look no further than the Nexus website.

“They (contactless cards) are a payment instrument that do not have the physical conditions of credit or debit cards and is recharged with money manually by the holder. In this way, the exact amount that we are going to spend is deposited at the time of payment and we do not risk having a single cent taken from our account”.

On the other hand, those who are not customers of banks that issue virtual cards can use Privacy.com, which allows them to be created. Simply link your credit card with those of a virtual card. The extra advantage is that you can cancel the expenses.

But where can you find the best virtual credit cards?

N26

This prepaid card belongs to Mastercard and is associated with the N26 Standard account. It allows you to pay in stores with your mobile -using the Apple Pay or Google Pay systems- and withdraw cash up to three times a month without commission.

Live Money

Among its advantages, it allows you to have three different cards, it is ready in less than ten minutes, and it does not have a CVV or a name attached to it.

Revolut

VISA and Mastercard card, without a fee, although it does require an initial payment of six euros for sending the card. It’s quick and easy to set up.