Benefits and disadvantages of Citibank virtual credit card.

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Hey, I have an account in Citibank. I am planning to switch myself from Citibank’s credit card to Citibank’s virtual credit card. What are the benefits and drawbacks of using this?

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Best Answer by Malesh Hoti
Answered By 0 points N/A #330255

Benefits and disadvantages of Citibank virtual credit card.

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The advantages of Citibank virtual credit card are

  • You can do transactions much faster.
  • No need to enter your card details or PINs for every payment that you make.
  • You can do transactions from anywhere.
  • It will not be required to go to the ATM or bank for every transaction.

The disadvantages are

  • You have to connect to the Internet to use these wallets.
  • You will not earn any interest on the money you keep in the wallet.
  • You can use the amount only as much as you have loaded onto it.
  • Anyhow if your phone goes in another’s hand, he can misuse your wallet.

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