Alliance Bank recently unveiled its brand new credit card, the Alliance Bank Visa Virtual Credit Card. It also happens to be Malaysia’s very first virtual credit card with a unique Dynamic Card Number (DCN) feature that lets you generate a new card number every 30 minutes. This disguises your actual card number, keeping it secure from falling into the wrong hands.
Besides that, there’s a handful of features targeted to offer an additional layer of security to its users, such as the ability to freeze/unfreeze cards instantly and generate virtual credit cards for each recurring payment, say for your streaming services or utility bills. And for every card, you can set a payment limit and a card expiry date.
Being one of the few virtual credit cards in Malaysia, you might be wondering how a virtual credit card differs from a traditional physical one.
Let’s see how these two compare: