Personal Finance

Physical VS Virtual Credit Cards: What’s The Difference?

25 July 2023

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:

Infographics - Physical VS Virtual Credit Cards: What’s The Difference?

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