Most individuals envision the concept of online shopping or fraud prevention whenever they are given the idea of virtual cards. Though they have quite reasonable explanations, there are numerous real-life uses of virtual cards that can make our lives much easier, safer and more organised. These are five exclusive places you can use virtual cards-not the obvious ones, like shopping online–that can make life a lot easier financially, both personally and in business.
1. Managing Family Allowances
You might be worried about handing over a physical debit card to them, especially when they are teens or college students. A virtual card allows one to top up a fixed allowance, such as school materials or personal spending, and also change the limit at any time.
- Benefit: This card can be replaced immediately in case it is lost or compromised.
- Example: Give your kid a monthly spending limit card of $100 on school items. Automatic stop is done when you reach the limit.
2. Separating Business and Personal Subscriptions
Most folks combine personal and business subscriptions on one credit card, creating sloppy expense listings. Business subscription virtual ca, rds such as cloud storage, design tool, or software programs can also be tracked and deducted easily at tax time without having to create a spreadsheet to enter transactions.
- Benefit: Easy accounting of expenses.
- Example: All your SaaS business subscriptions will just have a single virtual card assigned using services such as OnlineCheckWriter.
3. Protecting Free Trials from Unwanted Charges
It is a great way to know more services by using a free trial, but giving free trials is tricky, as many companies auto-charge your card after the trial period. A one-time virtual card also means that the payment method will expire at the end of the trial–no unexpected bills.
- Benefit: Complete command of recurring billing.
- Example: One-time use virtual card to sign up for 7a-7-day streaming trial. Then, cancel and donate your $7 to one charity! The card is invalid after the trial, and this avoids accidental charging.
4. Travel Budgeting
Travelling is one of the things where it is easy to overspend. Prepaid travel card for you. Are you Tired of running out of money during your vacation? Set up a temporary virtual card with the exact amount of money you want to spend during your travels and forget about spending limits.
- Benefit: There is no concern about overspending or losing the card.
- Example: If you want to spend a weekend away, make a virtual card of $1,00s. Although the information can be stolen, your main account is secure.
5. Online Gift-Giving
As opposed to sending gift cards in the post or handing out cash, it is possible to send a virtual card to friends, relatives and even employees digitally. They can utilise it on the Internet or connect it to a mobile wallet to buy in the store.
- Benefit: Immediacy of capital and transfer of money.
- Example: A birthday gift of a $50 virtual card, sent directly to the email of the recipient.
Final Thoughts
It is not only in e-commerce that virtual cards can be used to improve security, but also in everyday life as a flexible budget, organisation, and to prevent fraud. Need to manage family finances, control subscriptions, or protect yourself when travelling, sites such as OnlineCheckWriter ensure that creating and organising them can all be done in a matter of seconds.
Regardless of whether you used these creative options before, it is the right moment to begin to use virtual cards to their full potential in your daily activities.
Source: Top 5 Everyday Uses for Virtual Cards You Haven’t Considered
