Virtual Debit Card
Debit cards have facilitated financial transactions for everyone since their inception. Debit cards provide convenient access to cash in your bank account, while credit cards make obtaining a line of credit as simple as a swipe. The introduction of virtual cards is one of the most recent advancements in this sector. Numerous banks have begun offering account-linked virtual payment cards, which come with a slew of features. For instance, Axis Bank's Full Power Digital Savings account comes with its own e-debit card in addition to the physical Online Rewards card. Here are several strong reasons to obtain a virtual debit card immediately. Activation is immediate- Even if you receive a physical debit card with your bank account, it may take a few days for it to arrive at your home because the bank sends it through courier. The password is often supplied a few days later for security reasons. As a result, valuable time is wasted as you wait for the card to be activated so you may start taking advantage of the account's features. This shortcoming is circumvented by the quick activation offered by a virtual debit card. You may use this to make purchases and payments online right away. Connected services like mobile and online banking can also be activated quickly. Protection and safety- To avoid misuse, there is no risk of the card being stolen or forgotten. It's also not possible to clone it and use it . It doesn't matter how many virtual cards you have if you don't keep any of them in your wallet because all of your card information will be accessible online and not in your wallet. You don't have to worry about losing your wallet since you won't be using one. The e-debit card may also be used to withdraw cash from ATMs without the requirement for a debit card. Blocking and Unblocking are a Simple- If you think that a physical card is being misused, the process of blocking or cancelling it might be time-consuming. The process of getting a new physical card reissued might take days. . That way, you may get a new card in a matter of minutes and keep your account protected from any online security breaches. All of your blocking and unblocking requests are executed instantly without the need for a physical card. Rewards points and shopping discounts- Additionally, you may earn reward points and receive other perks with the correct virtual debit and credit cards. In addition to the cashback on Amazon purchases, you can receive up to 15% cashback on Grab Deals with all your cards. Buying online may be made even more profitable by taking advantage of cashback deals. When linked with the correct digital savings account, an e-debit card will be most effective.