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Virtual Debit Card: What Is it and Do You Need To Have One?

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Afno

If you have friends who are strong advocates of digital transactions, then you might have heard the term ‘virtual debit card’. As the name suggests, it is a digital version of the conventional debit card which exists in a physical format. It has all the information and data that your physical debit card contains. If you want a virtual debit card, you will have to apply for it using your banking mobile application. There are many other platforms like Afno that have made the process of procuring a prepaid virtual debit card online very convenient.


A virtual debit card allows you to do everything that you would imagine doing with the help of your physical debit card. Making online transactions through a virtual debit card, in fact, is easier as compared to using a physical debit card. There is one catch though. You can’t use your virtual debit card for any transaction where card swiping is necessary. Just like a physical debit card, a virtual debit card has several important information like the type of debit card, card holder’s name, the 16-digit debit card number, card expiry date, CVV number and transaction settings.


If you do online transactions on a regular basis, then getting a virtual debit card would be a good idea for you. One of the reasons why you must get one is the amount of safety it offers. You need a mobile application password to use it and unlike a physical card, there is no chance of it getting stolen, misplaced or cloned.


When you get a physical debit card, you need to follow a certain procedure to activate it. A virtual debit card comes to you as an activated product. As soon as it is issued to you, you can start using it for a variety of purposes. As is the case with a physical debit card, you get to avail a lot of exciting offers and discounts after procuring a virtual debit card. You get the opportunity to earn a lot of bonus points and keep a track of it using the authorized mobile application of the bank.


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