These include Revolut, Monese, Monzo and Starling Bank. Others are designed for one use only so the card will no longer be valid once you’ve made a purchase.ĭepending on your lender’s definition, virtual cards are sometimes classed as cards that you can add to your phone’s wallet or cards that you can use to pay directly through an app.Ī number of digital-only banks now offer virtual cards, but note that these are debit rather than credit cards. Some virtual cards give you the option of being able to lock them after each use to prevent any further transactions.

This means that should the retailer become a victim of a cyber attack, for example, fraudsters will not be able to access your personal or financial information. No financial data is disclosed to the merchant, which means your bank account or credit card details won’t be stored by the online retailer. Virtual credit cards are designed to protect you from having your credit card information stolen. Your card will be linked to your physical credit card or your bank account so the payment will show up on your account statement as usual. Once you’re ready to pay for your items online, you simply enter your virtual credit card details and pay as normal. Just like a standard credit card, your virtual card will have a randomly generated 16-digit card number, a CVV code and an expiry date. It does not exist as a physical card and you cannot use it to withdraw cash at an ATM. Debit cards with low foreign transaction feesĪ virtual credit card is a temporary credit card number that you can use when shopping online.View all in International money transfers.

Virtual credit card providers