While using a credit card (cc) to shop online, caution is warranted given the growth in cc fraud and theft.

There is no assurance that bad actors won’t attempt to hack into a company’s system, even if that company consistently employs safety standards intended to secure your data.

As a result, more and more people are on the lookout for credit card providers that come with virtual credit card numbers before determining which cards to open.

To help, we will explain all you need to know about e-credit cards. We’ll start with a brief overview, then proceed to showcasing our preferred options for both personal and commercial use of virtual credit cards.

REMINDER: We’re here to help with useful guides. As we are not financial advisors, please use your own common sense to make money-related decisions.

Table of Contents:

• What Exactly is a “Virtual Credit Card”
• Overview of Top Virtual Credit Cards in Australia
• Reviews – Best Virtual Credit Cards in Australia
• 1. Citi Premier
• 2. Citi DoubleCash
• 3. Capital One Venture X
• 4. Capital One Venture Rewards
• 5. Capital One VentureOne
• Drawbacks of Virtual Credit Cards
• Conclusion

What Exactly is a “Virtual Credit Card”?

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In business, speed is key 🏎️ … The secret is working at speed without sacrificing quality. A virtual credit card can be a useful tool to get more done without being vulnerable to theft. 

A virtual credit card is a separate credit card number that may be used in place of your principal credit card number online without revealing your original credit card information.

You get to protect your principal credit card information from identity thieves by using a different cc number at each store you shop at, and you can restrict your spending on individual virtual credit cards or even set their expiry dates.

Online shoppers may feel more secure using a virtual credit card, and there’s the additional bonus of being able to track and restrict spending for individual card numbers.

Being seen online is much harder today. If you have a great product, you can get it to the right eyeballs through digital PR campaigns that even the likes of eToro use ⭐💨.

Overview of Top Virtual Credit Cards in Australia 📕 

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It’s not just search engine you need to check for privacy and security. Let’s say you’re a business or not particularly devoted to any one store but rather browse around for the greatest prices. The best virtual credit cards can keep your information safe.

Capital One and Citi are the only two major issuers who provide a full virtual cc solution for personal cards (via Eno).

Even though Chase, American Express, and Discover may provide solutions that are comparable, they are not the same as virtual ccs. Our top picks are listed below.

Card	Profits and Perks	Cost Per Year
Citi Premier Card	– Spend $4,000 on qualifying purchases during the first three months and get 60,000 bonus points. – ThankYou Points are tripled at lodging, transportation, and food establishments. – Partner access for making transfers. – There will be no additional charges for any international transactions.	$95
Citi Double Cash Card	– Currently no special offer available to greet you. – Thank you rewards of 2% (1% back on purchases and 1% on bill payments).	$0
Capital One Venture X	– Spend $4k on purchases during the first three months and you’ll get 75k bonus miles credited to your account. – Capital One Travel customers may earn 10x miles on hotel stays and vehicle rentals. – Capital One Travel is offering 5x miles on all flight bookings. – All other purchases get double miles. – A yearly travel credit of up to $300 when you book with Capital One Travel. – Annual account anniversary bonuses of 10,000 bonus miles. – Free Priority Pass and entry to Capital and Plaza Premium Lounges. – Insurance for your rented automobile, your trip, and your cell phone. – No additional charges for any international transactions.	$395
Capital One Venture Rewards	– Spend $4k on purchases during the first three months and you’ll get 75k bonus miles credited to your account. – With Capital One Travel, you can earn 5x miles on hotel stays and rental vehicle purchases. – All other purchases get double miles. – You are entitled to 2 free visits per calendar year to either the Plaza Premium or Capital One Lounges. – A $100 credit for World Entry or TSA PreCheck. – No additional charges for any international transactions.	$95
Capital One VentureOne	– Credit Card with Reward Points from Capital One VentureOne. – Spend $500 in the first three months and get 20,000 bonus miles. – Capital One Travel is offering 5x miles on hotel and rental vehicle bookings. – When you spend $125, you get 1.25 times the miles. – No additional charges for any international transactions.	$0

Reviews – Best Virtual Credit Cards in Australia 🗂️ 

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Let’s have a look at some of the top virtual credit cards on the market, to protect you from over-exposure in the increasingly digital world… 

• Avoid Credit Card Fraud in Australia 

1. Citi Premier 🃏 – Leading Virtual Credit Card

ThankYou Points may be earned 3x as fast at hotels, airlines, grocery stores, and restaurants. 🏁

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Reasons We Love This Card ❤️‍

If you’re in the market for a flexible travel rewards credit card, the Citi Premier® Card is a great choice. The card’s 3x bonus categories at restaurants, grocery stores, petrol stations, flights, and hotels make it easy to rack up points quickly. 

In addition, it features a low yearly cost, no fees for doing international transactions, and partnerships with airlines and hotels that allow for free transfers.

Best Aspects 🌞

• Spend $4k on qualifying items during the first three months of account creation and get 60k extra ThankYou® Points.
• Save money at supermarkets and eating establishments by getting three points for every dollar spent.
• Get 3 points for every $1 spent on gas, airfare, or lodging.
• For all other purchases, you’ll earn 1 point for every $1 spent.
• Vacation Discounts Every Year.
• In exchange for 60k ThankYou® Points, get $600 in gift cards from thankyou.com.
• This card has no time restriction on when or how many points you may earn, and there is no maximum number.
• No purchase-related foreign transaction fees.

Takeaway 📚

When it comes to general credit cards, the Citi Premier Card stands out as a top choice. Citi’s ability to issue digital credit cards is a great feature executed well. 

Virtual ccs need enrollment prior to the creation of your first virtual cc, but there is no monthly charge. If you ever need a virtual credit card again, all you have to do is go into Citi’s website and make one. Keep in mind that you can’t make in-store or in-app transactions with a virtual cc number. You could earn as much as 3x ThankYou Points on spending, in addition to the wonderful welcome offer:

• 👍 Spending on airfare, restaurants, groceries, petrol stations, and motels all earns triple points.
• 👍  All other purchases get one point for every dollar spent.

ThankYou Points are worth 1.6 cents apiece with us, but may be transferred to airline partners for free or deeply discounted first- or business-class tickets. Finally, no approved user fees nor international transaction costs apply.

2. Citi DoubleCash 🃏 – Uncapped Virtual Credit Card

Uncapped 2% back on every dollar. 

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Reasons We Enjoy This Card ☑️

One of the best cash-back ccs for a long time, the Citi® Double Cash Card may now earn Citi ThankYou Points.

This means that from now on, Double Cash owners will receive a total of 2% returns on all purchases made, including an unlimited 1% at the time of purchase and an extra 1% cash back at the time of payment. Gaining ThankYou Points is equivalent to receiving a cash rebate. 

If there is a matching amount in your Purchase Tracker, you’ll get 1 ThankYou point for each $1 spent and 1 extra ThankYou point for $1 on your buy balance, per billing cycle. When it comes to simple, no-frills credit cards, Citi’s Double Cash card is a clear winner.

Best Aspects 🌞

• You’ll get 1% back on everything you buy, no matter how much you spend, and another 1% as you pay.
• Make at least the minimum payment on time to qualify for cash back.
• Only for balance transfers, you may get 18 months of interest free. Then, your creditworthiness will determine your variable APR, which will be between 18.49% and 28.49%.
• Withdrawing funds from a transfer cannot result in a rebate. Any money spent will not be eligible for the introductory APR.
• If you don’t pay off your whole debt each month, including any balance transfers, interest will be added to any purchases made after the due date.
• Throughout the first four months after account establishment, there is an introductory balance transfer charge of 3% of each transfer ($5 minimum). Your cost going forward will then be 5% of each transfer, once again, with a minimum charge of $5.

Takeaway 📚

Those who don’t plan to spend much in any one area may find this card to be ideal, since cash back rewards are automatically earned on all purchases.

Among Citi’s many excellent credit cards, the Double Cash card stands out for its perks and the convenience of its associated digital credit card number.

Although the current 0% balance transfer APR on the Double Cash card is appealing, the true incentive to use this card is the potential for up to 2% cash-back on every purchase you make.

Keep In Mind

• 👍 The Double Cash card, on its own, offers 2% cash back.
• 👍 Or 1% when you purchase/ pay (earned as 2x ThankYou Points).

Nevertheless, if you already have a Citi card like the Citi Premier, your ThankYou Points may be combined with those from the Double Cash card and transferred to any of Citi’s many travel partners. The potential return on investment (ROI) for using the ThankYou Points you earn at a rate of 2x may be as high as 3.2%.

There is no responsibility for fraudulent purchases made with this card, free access to Citi Entertainment, and no cost for additional cardholders.

3. Capital One Venture X 🃏 – Elite Virtual Credit Card

Ideal for frequent travellers… 🛩️

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Reasons We Enjoy This Card ✅

Capital One’s top-tier travel rewards card is the Venture X Rewards Credit Card. With it is Eno. a credit card assistant offered by Capital One that can be downloaded as both a browser extension and app.

The Capital One Venture X Card is a good choice for a credit card because to its generous introductory bonus, generous rewards programme, and other wonderful features.

You can protect your actual credit card number from internet merchants by using Eno to generate and use virtual credit cards instead.

The Capital One Venture X Card is a good choice for a credit card because to its generous introductory bonus, generous rewards programme, and other wonderful features.

Best Aspects 🌞

• Spend $4,000 on purchases during the first three months of account creation and get 75,000 bonus miles, equivalent to $750 in travel.
• Statement credits for up to $300 per year are available for purchases made via Capital One Travel, where you may get the lowest pricing available.
• Commencing on your first anniversary, you’ll get a yearly bonus of 10,000 miles (equivalent to $100 in travel credits).
• Get 10X points per dollar spent on rental cars and hotels and 5X miles per dollar spent on flights when you book via Capital One Travel.
• You may earn double miles on all other transactions, no limit.
• You and a friend may use the Partner Lounge and Capital One Lounges Network’s 1,200+ lounges for free any time.
• Spend up to $100 less on Global Entry or TSA PreCheck®.
• Pay for airfare, lodging, transportation, and more with your Venture X points, and then transfer those miles to any of 15+ other travel reward programmes.
• Guests who book at a Premier Collection hotel or resort will get a $100 experience credit, daily breakfast for two, and free Internet, in addition to additional premium advantages like early check-in, room upgrades, and late checkout, if applicable.

Takeaway 📚

If you’re a frequent traveller in need of a premium credit card with a wide range of benefits, consider the Capital One Venture X.

To sum up what you gain:

• 👍 With Capital One Travel, you may earn 10 miles every dollar spent on hotels/auto rentals.
• 👍 5 miles every dollar spent on airfare.
• 👍 All other purchases get 2 miles per dollar.

In addition, you may get a credit of up to $100 for Global Entry or TSA PreCheck and up to $300 per year for travel booked via Capital One Travel. You’ll also have airport lounge access that includes Plaza Premium Lounges, Capital One Lounges, and Priority Pass Select lounges.

With perks including free President’s Circle membership with Hertz, mobile phone insurance, adding up to four authorised users, and creating a virtual credit card, this card is hard to beat.

Finally, remember that there are no additional costs for making purchases in a foreign currency and that you have access to first-rate travel insurance.

4. Capital One Venture Rewards 🃏 – Standard Virtual Credit Card

Get double the miles and the widest range of redemption options of any travel rewards card 🗂️.

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Reasons We Enjoy This Card ☑️

This is the one if you are constantly looking for a cc with all the bells and whistles since you are a frequent traveller with good credit. The more straightforward it is, the better!

One of the most widely held rewards cards is Capital One’s Venture Rewards credit card. It’s ideal for anybody in the market for a generous welcome offer, competitive rewards rates, and a wide range of redemption possibilities.

Best Aspects 🌞

• Spend $4,000 on purchases during the first three months of creating your account, and you’ll get 75,000 extra miles, enough for $750 in travel.
• Get double miles on all purchases, 24/7.
• No maximum number of miles that may be earned, and miles will never expire over the lifetime of the account.
• Spend up to $100 less on Global Entry or TSA PreCheck®.
• You’re welcome to visit any of the 100+ Premium Lounges or Capital One Lounges twice each year.
• Capital One Travel offers the lowest deals on thousands of trips and 5X miles on rental vehicles and hotels.
• You may cash in your miles for a refund on any trip you book, or you can use them to pay for future trips with Capital One Travel.
• You may redeem your points for travel via more than 15 different reward programmes.

Takeaway 📚

If you already have a Capital One Venture X, the standard Venture card is the younger sibling. You’ll still receive a welcome offer, keep things simple, and have access to virtual credit cards with this card.

In addition to the unrestricted 2x miles earned on all purchases, you’ll also get 5x points on airfare, hotels, and auto rentals booked via Capital One Travel.

Get a refund of your Global Entry or TSA PreCheck application cost (up to $100), comprehensive travel insurance coverage, no fees for making overseas transactions, and no fees for adding an authorised user.

5. Capital One VentureOne 🃏 – Alternative Virtual CC

20,000 Bonus miles as a warm welcome 🛣️.

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Reasons We Enjoy This Card ☑️

Are you looking for a credit card that offers travel rewards but doesn’t charge an annual fee? Capital One VentureOne has no international transaction costs and no yearly charge.

The card has no annual charge and provides limitless 1.25x miles every dollar spent. Rewards programmes that give regular flyers more freedom to choose their own adventure are the best option.

Best Aspects 🌞

• No yearly charge and no additional cost for international transactions.
• Spend $500 on purchases during the first three months of account creation and get 20,000 bonus miles, good for $200 in travel.
• Get 1.25 times miles on all purchases, permanently.
• No maximum number of miles that may be earned, and miles will never expire over the lifetime of the account.
• Capital One Travel offers 5X miles for hotel stays and rental vehicle reservations.
• Compare hundreds of vacation packages with Capital One’s low pricing.
• You may cash in your miles for a refund on any trip you book, or you can use them to pay for future trips with Capital One Travel.
• Redeem your points for travel via more than 15 different reward programmes.
• Benefit from a 0% intro APR that includes on debt transfers for 15 months; a variable APR of 19.24% to 29.24% afterwards; a 3% charge on the amount transferred during the first 15 months.

Takeaway 📚

Capital One’s Venture family begins with the VentureOne card, which serves as the company’s entrance point. The ability to make prepaid digital credit cards using Eno is a major benefit of this card.

Although if you won’t get as great of a welcome bonus, you will still gain:

• 👍  Capital One Travel Rewards offers 5x miles on hotel stays and rental vehicle purchases.
• 👍  When you spend $125, you get 1.25 times the miles.
• 👍  Take advantage of the initial 0% APR period, there are no fees associated with making an international transaction, and there are no prepayment penalties.

Drawbacks of Virtual Credit Cards 📁

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There are several nuanced, but significant, downsides to using virtual credit cards.

If you made an online purchase using a virtual cc number and you wish to return a purchase to a physical address, for instance, you will usually be required to use the same payment method that you used to make the initial purchase.

It’s possible that a customer using a virtual credit card might be forced to settle for shop credit rather than a cash refund.

Additional information, such as virtual credit card account numbers, expiry dates, and spending limitations, may need to be remembered when using virtual credit cards.

Conclusion

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The use of virtual credit cards is on the increase. Virtual credit cards are likely familiar to anyone who worry about their credit card details falling into the wrong hands.

We hope we’ve informed you that they’re a useful addition to your online security arsenal if you’re worried about hackers and data breaches at the stores you frequent.

Virtual credit cards are available from Citi and Capital One for their most popular goods, while Click to Pay is available from American Express and Chase.

American Express also provides American Express Go for business use, and it collaborates with Extend to provide virtual cards.

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