Benefits and disadvantages of Citibank virtual credit card.

Asked By Gothman Pil 0 points N/A Posted on - 06/08/2020

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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Answered By Gitu Sally 0 points N/A #330255

Benefits and disadvantages of Citibank virtual credit card.

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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• Posted on - 06/08/2020
• Question Category: Others