Introduction
Choosing the right credit card is a very important task. There are some credit cards which provide you maximum rewards, whereas others offer 0% APR. You can also get additional benefits from your credit card.
But you can enjoy these benefits only when you pay your debt on time and get debt-free early. To choose the best credit card for you, you must know what benefits you want from it and what your budget is. All this will help you know what kind of card to choose.
Some examples of the best credit cards are the Wells Fargo active cash card, Citi Simplicity card, etc. A Wells Fargo active cash card has a CNET rating of 9.5 out of 10, and the reward rate is 2%. Also, they don’t charge any annual fee. It is the best overall credit card.
The Citi Simplicity card has a CNET rating of 9 out of 10, and the return rate is 1% to 2%. They also do not charge any annual fee.
What are virtual credit cards?
A digital credit card which protects your actual credit card information is referred to as a virtual credit card. It can be used only once, but some cards can be used more than once.
A virtual credit card can be used at many places, such as during shopping if you do not want to share any personal information with them. They keep your original credit cards safe by allowing you to create a PIN which is different from the PIN of your actual credit card.
There are various other benefits of using a virtual credit card, such as you can use an account which you have opened recently and whose physical credit card has not yet arrived. This will help you to earn rewards and welcome bonuses.
Which virtual credit cards are best?
American Express gold card
It has a CNET rating of 7.5 out of 10. It charges an annual fee of $ 250. It is very useful for those who love to travel and are foodies and also can afford to pay high annual fees. You will get 4x membership points in different restaurants as well as in supermarkets and 3x points on booked flights.
Blue cash preferred card
It has a CNET rating of 8 out of 10. The reward rate is 1% to 6%. The fee for the first year is $0. It is the best cash-back card. You can get a cashback of 6% in US supermarkets. A cashback of 3% is provided on taxis, parking, tolls, etc.
Citi double cash card
The CNET rating of this card is 8 out of 10. They don’t charge an annual fee. You can get a lot of cash-back rewards. It provides you with a cashback of 5% on hotels, car rentals, etc.
The platinum card
It has a CNET score of 8 out of 10. The annual fee is $ 695.It is a kind of travel card. It provides you with 5x membership reward points for flights which are directly booked from airlines and on prepaid hotels.
X1 card
It has a CNET rating of 8.5 out of 10. It provides you 10x points on stores such as Apple, Nike, Sephora, etc and 3x points every time you spend $1000 in a month.
Citi Premier card
It has a CNET rating of 7 out of 10, and the annual fee is $95. This is due to the reason it provides rewards and extra benefits.
Apple Card
The CNET rating for Apple Cards is 7 out of 10. The annual fee is $0. Its design is very different and unique. If you own an Apple credit card, then you have three credit card numbers. These three credit card numbers are for Apple Wallet, physical credit card and virtual credit card.
You can use virtual credit cards for transactions where your Apple Pay is not accepted. The rewards you receive are very amazing. You get 3% Daily Cashback on everything you buy at Apple and a Daily Cashback of 2% if you pay using Apple Pay.
Capital One Venture One rewards card
The CNET rating of this card is 6 out of 10. You can get your virtual credit card number from Eno. Eno is the browser extension. The virtual credit card number can be generated directly from the app as well. You get a reward of 5x on rental cars and hotels if you pay using this card.
What are the pros of virtual cards?
There are many benefits of virtual cards, such as
Your personal information is secure and safe while using a virtual card. They don’t share your personal information to anyone.
Virtual cards are very easy to use and easy to generate through the app or the browser extension.
It is more convenient to use while shopping.
You can get access to your account much before your actual credit card arrives.
What are the cons of virtual cards?
Although a virtual card has many benefits, all the issuers don’t offer a virtual credit card.
You can use your virtual credit card mainly for online transactions.
How to get a virtual card number?
All issuers do not offer the virtual credit card numbers. The process of getting a virtual credit card number is not the same but varies from issuer to issuer.
Citi
You can also look for your card number on the accounts page after successfully enrolling.
American Express
You can also get the card number via Google Chrome by connecting your Amex card. A CVV will be generated, which is needed during checkout time.
How to use a virtual credit card
You can use a virtual credit card during online shopping. Instead of using the 16-digit code on your actual physical card, you can use your virtual credit card code. You can also use it where contactless payment is required.
Alternatives to virtual credit cards
In addition to virtual credit cards, many other tools will keep your information private and secure.
For online transactions, you can also use a virtual private network or VPN. When you pay using a VPN, the retailer can store your personal information, but there is another level of security it provides you.
How to apply for virtual credit card?
Firstly, choose a card which fits your budget and financial situation. Also, look for the rewards and benefits provided by the card.
Apply on the link provided to you by the issuer.
Fill in your personal and financial information, such as your name, birth date, monthly income, etc.
Once you’re approved, you’ll get your virtual credit card number from the issuer.
Do virtual cards affect credit scores?
Using a virtual credit card does not affect your credit score. If you pay on time, even if you use a virtual credit card, your credit score will be maintained well. You must use virtual credit cards responsibly.
What is a business credit card?
Business credit cards are those cards which you can use for business purposes, travelling purposes, etc.
They would help to keep your business purchases separate from your purchase. A business credit card is very helpful for you as it helps you earn various rewards, even if you are a small-scale businessman. These cards also help your business and make it run smoothly.
What are the best business credit cards?
Ink business cash credit card
Its CNET rating is 9 out of 10, and the reward rate is 1% to 5%. You also get 2% cash back if you spend around $25,000 on restaurants every year.
United business card
The CNET rating for this business card is 8 out of 10. The annual fee for the first year is $0. This card is very beneficial for people who travel for business purposes, as they can earn cash back on each trip. The reward rate is also very good. You get $1 for each mile spent.
American Express business gold card
Its CNET rating is 7.5 out of 10, and an annual fee of $ 375. This is also for people who travel a lot as it helps them to earn 4x points on two categories and 3x reward points on flights and prepaid hotels.
The business platinum card
It has a CNET rating of 7 out of 10, and the annual fee is $695. It offers many travel benefits, like access to the airport lounge. But the reward you get is not worth its annual fee. You get 5x membership points if you use this credit card.
Capital One Spark Miles for business
It has a CNET rating of 6.5 out of 10. The annual fee is $0 for the first year, and for later years, it is $95. This card is ideal for those who do not travel much for their business.
How to choose a business credit card?
In order to choose the right business credit card, you should look at various factors such as the annual fee, the reward, the interest rate, etc.
A person should choose a small business credit card.But you should not exceed the card limit, otherwise, your rewards will decrease.
What are the pros of a business card?
These cards let you earn rewards on the purchases that you perform for your business.
They also provide you with many time and money-saving deals.
What are the cons of business cards?
You may use the card in excess, which leads to overspending. You will cross your limit more quickly, and there will be a decrease in your score and rewards.
If you don’t pay on time, your actual credit card may be affected.
Who needs to have a business card?
The people who are owners of the business must get a business credit card, no matter if they are small-scale businessmen or large-scale business people. Using business credit cards helps you to cut off some expenses as you get rewards from these cards.
But one must responsibly use the business credit card as he uses his original credit card. Business credit cards are available for all kinds of businesses, whether a person spends $20,000 or $ 50,000 on his business.
What type of reward do you choose?
Depending upon the type of business you run, you can choose a business credit card which meets all your needs as well as your financial condition. If you are a person who travels a lot for business purposes, then you should choose a card which provides you with a reward that funds your flights and accommodation.
The travel credit cards facilitate you at the airport and give you access to all the services. There are some cards which provide you a reward on all four purchases.
Conclusion
Firstly, we had a look at what credit cards are, and then we studied two subcategories of credit cards that are virtual credit cards and business credit cards.
A virtual credit card is very similar to your actual credit card, but it offers many advantages, such as it protects your personal information in every possible way. You can use them for online shopping as well.
Business credit cards are very important for the people who run a business, whether it is on a small scale or large scale. Every business person should own a business credit card as it helps them in many ways, such as providing them with rewards, which helps them to cut off many costs in the business and run their business smoothly.
