![]() ![]() Security: You can make payments from your credit card account without divulging too much information. Virtual credit cards offer several advantages, including: The payment processor or merchant does not get the financial details of your main credit card account, and you can avoid fraudulent access. It’s like making a payment with your actual credit card but using different numbers. When you want to shop online, simply log into your credit card account and use the payment details of your virtual credit card. Some card issuers also allow you to set spending limits, set expiration dates, generate multiple virtual credit card numbers, and even freeze your virtual credit card with a single click. How Do Virtual Credit Cards Work?Īs already noted, virtual credit cards can be used to make payments online instead of using your main credit card. ![]() Transaction limits: $20,000 maximum card balance $2,500 maximum per bill payment or POS $500 maximum per ATM transaction. Also, to avoid foreign exchange fees, you must use your card to make purchases of at least $350 per calendar month. The STACK Card can be added to Apple, Samsung, Fitbit, and Google Pay digital wallets.įees: There is a $7.99 monthly fee if you don’t spend at least $350 each month. You can view your virtual STACK Card in-app and freeze it if needed. Access to a free app, spending tracker, and automatic savings.No FX fees when you spend abroad and meet the minimum monthly spending threshold of $350.*This card is being discontinued.* The STACK Prepaid Mastercard offers one of the best free virtual credit cards in Canada. While your Wise virtual card is tied to your Wise debit card and account, it offers many standard credit card protections and is licensed by Visa. Your limit may vary, so check your online account to confirm. Transaction limits: $2,650 daily ATM withdrawal limit ($7,000 monthly) $17,500 daily limit for online payments ($55,000 monthly). The Wise virtual card is free if you already have a personal or business Wise account. One-click to freeze your account if required.Instant generation of new cards and payment details.Easy integration with Apply Pay and Google Pay. ![]() This way, you can make payments directly in the local currency and avoid FX conversions altogether. 50+ currencies through your multi-currency account.The Wise virtual card is one-of-a-kind because it gives you access to: When you apply for the Wise debit card, you also get access to a virtual card you can use to make payments online and in-store. Wise is a top global money transfer company. The KOHO Prepaid Visa card was recently rebranded as the KOHO Mastercard Prepaid Card. Promotion: Get a $20 bonus when you apply for a KOHO card and make your first purchase. Transaction limits: $4,000 maximum amount per transaction $600 daily ATM limit $20,000 maximum monthly load amount. You can upgrade to a KOHO Premium account and enjoy extra perks (more on this below).įees: No monthly or annual account fees (there are fees if you upgrade to the Essential or Premium account). Perhaps, more importantly, the KOHO Card is free. Unlimited Interac e-Transfers to anyone with a Canadian bank account.Low foreign currency transaction fees (1.5% instead of the standard 2.5%).With your account, you also benefit from the following: The KOHO Prepaid Mastercard is more than just a virtual credit card. This card is unique because users earn cash back on most purchases and up to 5% cash back at select merchants. It also offers a free virtual Mastercard to make payments online or add to your digital wallet. ![]() The KOHO Mastercard Prepaid Card is the best prepaid credit card in Canada. ![]()
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