After HDFC Bank and Kotak Mahindra Bank, ICICI Bank have launched Virtual Credit Card (VCC) which is an add-on Visa credit card issued on the primary credit card.
The VCC does not have any plastic existence but can only be viewed online and can only be used for online transactions.
The credit limit is the same as that of the primary credit card, however one can specify his own limit on the VCC and the details of purchase made is displayed on the primary statement itself.
The key details of your VCC like the card number, expiry date, etc. are visible online. Current the virtual credit card is a Visa card with Mastercard and Amex cards expected to be launched soon.
Find this article at: http://www.labnol.org/india/knowledge/virtual-credit-card-from-icici-bank/5515/
Tags: credit card, hdfc, online shopping, India, Knowledge
Reader Comments
Are there any charges to use this service?
Written by sarthak on 11.24.08
HI,
Is the service of Virtual Credit card by ICICI completely free..
Vikram
Written by Vikram on 12.01.08
Hi, I would like to know if one opts for VCC from ICICI Bank, will it disallow primary cardholder from using existing Visacard for internet transactions? Or, are they both have validity independently? In other words, once VCC is chosen, Can the existing credit card be used for internet transactions? I am sure existing cards can be used for real shopping on Point-of-sale Outlets as normal.
Written by sivasankar on 12.16.08
Can this VCC from ICICI bank be used to verify Paypal account?
Written by Rinki Khanna on 05.07.09