ICICI VCC: Virtual Credit Card

Off late a new trend is slowly catching up in India, where Credit Card issuing banks have started issuing One Time Usage Virtual Credit Card. In this article we are discussing about the Virtual Credit Card of ICICI bank or ICICI VCC, as it is called.

What is a virtual credit card?

A virtual credit card (VCC) is an add-on Visa credit card issued on your primary credit card. It does not have any plastic existence. All relevant details viz. the card number, the ‘VALID FROM’ date, the expiry date and the CVV number are visible online.

The virtual credit card enables you to transact online with a credit limit of your choice. You can read a very comprehensive and easy to understand article on VCC here

Is the ICICI VCC safer than the credit card I carry in my wallet?

Absolutely yes. The key details of your VCC like the card number, expiry date, etc. are visible online, and that too in 128 Bit Secure Socket Layer Encrypted Format, which is the highest level of encryption available as of now. You can use these details to transact online and never be worried about losing your card or having to carry it ‘safely’ in your wallet. Besides, you don’t have to wait for a physical card and ATM PIN to make their way to your residence.

How do I use the ICICI virtual credit card?

Since no physical plastic card is issued, it can be used for online transactions only.

What limit do I get in the Virtual Credit Card of ICICI? Can I alter the limit depending on my needs?

The initial credit limit of your virtual credit card will be Re.1/-. You can change the maximum limit on your VCC within the overall limit of your primary card.

How do I make payments with my ICICI virtual credit card transactions?

The transactions made with the ICICI virtual credit card will be visible online in your primary credit card statement. You can make payment through Infinity.

Can I block the ICICI virtual credit card online?

Yes, you can block your VCC instantaneously online, and reverse back the notional transaction of the created Virtual Credit Card of ICICI. It remains notional, till the ICICI Virtual Credit Card is used for online purchases. Hope this aspect is understood well by our readers.

Is there any kind of fee levied at any time for issuing / holding an ICICI virtual credit card (VCC)?

No. Currently, the card is free of cost.

Can a separate card be issued to add-on cardholders as well?

Not yet. At present the ICICI virtual credit card can be issued only to the primary cardholder.

How about the CVV number? Does it change every time I use the card for an online transaction?

The CVV remains unchanged as long as the card is in the active stage. The CVV will change only if you hot-list the current card for some reason and ask for a new card.

Is the ICICI VCC an international card?

Yes, it is an internationally valid Visa credit card. Hence you can use VCC of ICICI Bank for any purchases / transactions from International e-commerce portals / sites.

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