Identity fraud has caused serious headache to the card holders, as well as the authorities who are trying to control this from happening. An alternative to overcome this issue has been designed – virtual credit card. It is also known as prepaid card. The number given on it is only valid for one time use and it expires within a short period. Nonetheless, there are some limitations of this card.
First, it can only be used for online transactions. Let’s say if you wish to swipe your card in supermarket to buy your groceries, virtual credit card cannot be used because it is not registered under anyone which means you cannot have online statement with this card.