QUESTION: Has anybody used Virtual Credit Card numbers? How has it worked for you? Did it stop credit card number theft? Did it make it easier to shut off one fraudulent merchant.
PS: I'm shocked at the poor quality of fraud detection by the cc companies. We had fraudulent charges for BMW parts from the other side of the country! We don't own a BMW, have never bought BMW parts, and live on the other side of the country.
I have experience with virtual credit.................😜
Virtually none here.
Consider yourself lucky, it gets expensive :)
No, but this sounds interesting. Report back if you do do that. Also, I don’t do autopay for my cc. What if you get overcharged? You know much trouble it is and how slow are to repay anything? I manually check anything that is not the same exact amount each month. Example, I never give utilities or satellite autopay. I pay manually. AND they always want me to bundle. Nope, not doing that. I’ve heard of people having a screw-up on their bill and they all point the finger at the other company they’re bundled with.
I have a Capitol One Venture-X that offers virtual cards.
The website plug-in works well. I have not had any issues, but should a vendor leak my information, it is fire walled to the one virtual number and would prevent the scenario you described.
A better question to ask would be why you are being hacked every 18 months.
Suggest you review your security practices.
The autopay is where your card is being stolen. The fewer databases it is in the more secure you are. With so many autopay accounts you are just throwing your card into the wind for many more to get it.
I see the problem right there.
My bank offers it as an extension on Chrome, with careful security monitoring by me - e.g., I use Secure VPN.
It works well. I can choose when that pseudo-generated credit card number can expire - if I want to use it a few times.
Safer than using my actual numbers.
I use them with Citi and they work great.
When generating the number, you can set a $ limit and an expiration date for extra security.
I’ve used Discover here and overseas for decades with no problems. Recently I made an unusual purchase while on a trip and call a text from Discover asking me to verify it was really me. I get a report from them every month, here’s the last one:
Great news _______! We didn’t detect any new activity that would have triggered an alert.
No new accounts on your Experian® credit report
No new inquiries on your Experian® credit report
No Social Security number found on the thousands of Dark Web sites we monitor
Have you tried turning it back on?
I use one credit card for all my auto pay transactions. I use a different credit card for online and in-person transactions. All my cards now have a chip and tap to pay and I haven’t had any fraud issues in years now.
(I think he's visiting his folks in Bay Area, so he should be within 50 miles of there while he's "out on $250M bond", which cost him nothing.)
Capitol one has this. When you pay for something online, they give you a number that is only good for that one purchase. I don’t know if it would work on a reoccurring payment. I would think not.
can you pm me your CC number ?
I have a few BMWs and really need some parts
Thanks
Our AA airmile card is thru Barclays Bank. They have been right on every single fraud attempt for the last 25 years or so. I don’t know if they offer virtual cards...but that sounds interesting. They also have a great online card dashboard. You can get a free card or an annual fee card (better airmiles). At least, that’s the way it used to be.
Virtual credit cards are useless for chopping a line of coke.
Some things don’t add up in your post/questions...
I’ve had a credit card number compromised twice in my entire life - one was attributable to a restaurant (that was found to have an employee who was taking pictures with her cell phone of front/back and then using it to buy gift cards to send to an address in Mexico).
The other from a major retailer who was hacked and had crappy security.
More credit card numbers are “stolen” by willing consumers who fall for pfishing scams, and/or malware on their computer (or device), OR that carelessly use their devices on open wifi connections with no protection running (why I always use a VPN anywhere but in my home).