Physical VS Virtual Credit Cards: What’s The Difference?
Author Avatar

Alliance Bank recently unveiled its brand new credit card, the Alliance Bank Visa Virtual Credit Card. It also happens to be Malaysia’s very first virtual credit card with a unique Dynamic Card Number (DCN) feature that lets you generate a new card number every 30 minutes. This disguises your actual card number, keeping it secure from falling into the wrong hands.

Besides that, there’s a handful of features targeted to offer an additional layer of security to its users, such as the ability to freeze/unfreeze cards instantly and generate virtual credit cards for each recurring payment, say for your streaming services or utility bills. And for every card, you can set a payment limit and a card expiry date.

Being one of the few virtual credit cards in Malaysia, you might be wondering how a virtual credit card differs from a traditional physical one. 

Let’s see how these two compare:

Now that you’re more familiar with how virtual credit cards and physical credit cards differ from one another, you can make a more informed decision on which one better suits your needs. 

If you’re looking to have a credit card with additional features designed to minimise fraud risks, consider applying for the Alliance Bank Visa Virtual Credit Card as it offers personalisation, convenience, and an extra layer of security. 

On top of that, there are zero annual fees for this virtual credit card and regardless of how many virtual cards or card numbers you decide to generate, it’s free! Cardholders will only be charged RM25 for SST annually for the Virtual Credit Card Static Card. Additional dynamic card number created will not result in additional SST charges.

Begin your application process today via the allianceonline mobile app.

Download the app via the Google PlayStore or Apple AppStore.

3.8 6 votes
Article Rating

SHARE

Comments (7)

Subscribe
Notify of

7 Comments
Inline Feedbacks
View all comments
SAW SWEE LIN
8 months ago

The above only show how to apply for the virtual card. I want to know how to use the card for purchases. Wipe /tap it?
Accepted by all merchants/outlets? Is there a limit to each transaction/purchase?
What supporting documents are needed for the application?
Do I still need to keep my physical cards?
Can I include other bank cards or only Alliance Bank cards can be used?

Thank you

Lam
1 month ago
Reply to  SAW SWEE LIN

Yes, right questions, why no answer from them?

ssenik
1 month ago
Reply to  Lam

For purchases, you can use the virtual card just like a physical card by entering the card details at checkout. It’s accepted by most merchants, and transaction limits apply. Supporting documents for application vary. You may still need physical cards for certain transactions. Only Alliance Bank cards can be used with the virtual card.

TKF
8 months ago

What is the Static Card – “Cardholders will only be charged RM25 for SST annually for the Virtual Credit Card Static Card.” Is the Static Card referring to my current PHYSICAL Card?

ssenik
1 month ago
Reply to  TKF

The Static Card refers to a virtual credit card, not your physical card.

FIRDAUS
22 days ago

can we pay our fuel with this virtual card?

Pang Tun Yau
18 days ago
Reply to  FIRDAUS

We have heard that there are conversations around adding this card into Google Pay/Samsung Pay/Apple Pay, but so far nothing is confirmed yet. Currently the only workaround is to use the virtual card to top up your preferred e-wallet and pay for your fuel.

Top Infographics Articles
Post Image
Everything You Should Claim For Income Tax Relief Malaysia 2021 (YA 2020)
Jacie Tan
- 12th March 2021
Editor’s note: this guide is for YA 2020. Visit our latest YA 2021 guide here. When filing our taxes […]
Post Image
Everything You Should Claim As Income Tax Relief Malaysia 2022 (YA 2021)
Alex Cheong Pui Yin
- 10th March 2022
Editor’s note: this guide is for YA 2021. Visit our latest YA 2022 guide here. With the income tax season […]
Post Image
Everything You Should Claim As Income Tax Relief Malaysia 2023 (YA 2022)
Alex Cheong Pui Yin
- 10th March 2023
As always, Malaysia’s tax season has rolled around with the arrival of March, and if you’re like most […]
Post Image
Budget 2023: Key Highlights To Know
Alex Cheong Pui Yin
- 7th October 2022
At 4pm today, Finance Minister Datuk Seri Tengku Zafrul Abdul Aziz has tabled the national Budget for year […]

Related articles

Related Posts Image
Related Posts Image
Related Posts Image

Budget 2024: Key Highlights To Know

Jacie Tan -
2nd February 2021
Related Posts Image