Earlier this year I set up some of my payments to be done through Privacy.com, which creates virtual credit cards for you. My bank doesn’t offer this service.
I really like it. I can specify limits on $$ or number of transactions for each virtual card.
I’m using it mostly for subscriptions that renew annually or monthly.
While I miss out on the “rewards” from using my main credit card, I feel much more secure using these virtual credit cards.
I recently had a fraud issue on my main card. It was caught because I have alerts. But the card was cancelled and replaced, which meant I had to go and re-do any payments that are made on that credit card.
I like that the virtual cards limit amount of $$ or transactions – I do get an alert when a payment is made, but a fraudulent $500 transaction just won’t go through at all.
I wish regular banks would do more for customer security – do more than just 2FA on your phone, and add these virtual credit cards.