What Is A One Time Credit Card

Category: Finance.

A lot of people are worried about using their credit cards online and rightfully so.

Many of these credit card scams are incredibly sophisticated and hard to detect. It is no secret that there are many crooks out there in cyber- land whose sole purpose is to cheat as many consumers as possible in order to make a profit. So what can the average consumer do to foil their plans? What is a one time credit card? One easy solution is to use one time credit cards for your online purchases. There are a couple of names that these one time cards go under. Regardless of what they are called what they do is protect the security of your regular cards.

You may hear them called controlled payment cards or perhaps called virtual account credit cards. In simple terms, these one time cards work by allowing you to make online purchases with a credit card that is linked to your regular card account but you do not have to use your actual credit card number( of the regular card) in order to make the purchase. It is a very good to protect yourself. In other words, the one time card can act as a buffer or filter between your regular card information and the information that you use for an online purchase. For the most part, a one time card number will expire after just one purchase or use. Consumers who may be wondering what the benefit is to these cards should understand that by using a one time card, if your information is stolen by some means the one time use card information that they get would be worthless since you have already used the one time use account number associated with that particular card. This is not true with all of them so make sure you check before taking on, and get the type that will best suit your needs.

Also, because you have not used your regular card number you have protected that account from being raided. If using a one time credit card seems like a good idea to you and you wish to get one, the first place to check is with your current card company. Anyone who has had the credit card number hacked can attest to how much trouble this causes and how much time it takes to get the problem resolved. More and more companies are beginning to offer these cards as it protects them as well as you from fraudulent claims and outright theft. You may also want to look into the system that PayPal is currently offering. Most cards have a toll free number on the back and you should call that number to see if your company if currently offering this service. Almost all consumers who use a one time credit card will be able to better protect their accounts and their personal information from hackers and thieves.

They will also be able to shop online with confidence.

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