What is a virtual credit card and how do they work?

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What is a virtual credit card and how do they work?

Rounding it up

  • Virtual credit cards are digital representations of your physical card that provide a host of security and convenience benefits.

  • Many virtual cards (including the KOHO virtual card) produce one-time use card numbers for each transaction to protect your financial information.

  • Not all banks issue virtual cards and they may not be accepted by all merchants. It can also be difficult to process in-store returns with a virtual card, so keep this in mind when making payments.

  • Although it’s not a credit card, all KOHO account holders can access a KOHO virtual prepaid Mastercard for free from within the app. You can also add the virtual KOHO card to Google, Apple, and Samsung Pay to streamline your transactions.

6 min read

Sara Bogunjoko
#credit card#virtual card

Sara Bogunjoko

Sara Bogunjoko is a professional writer and SEO specialist with broad experience of writing compelling content in the finance industry.

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The KOHO Mastercard® Prepaid card is issued by KOHO Financial Inc. pursuant to license by Mastercard International Incorporated. Mastercard and the circles design are registered trademarks of Mastercard International Incorporated.

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