What is an Online Credit Card

An online credit card, just like an online debit card is a card offered by a certain bank but whose details are sent to you online. The only difference between an online credit card and the plastic credit card is the time it takes to expire. An online credit card takes between 24 and 48 hours to expire while the plastic credit card takes much longer tie to expire usually up to years. In order to get a credit card, one is under obligation to login to the bank’s website and request for the card. All the details of the card are made available for you via online means and from here; you can b in a position to make a purchase within the specified time. The following is a list of advantages of using online credit cards.

It is a quick way to borrow

Like the plastic credit card, using online credit card is an assurance and a quick way to borrowing money. Yes it is a quick way in the sense that, you will be in a position to get goods worth a way too much amount of money which in the real sense, you do not have at that given time. You can decide to buy goods using credit card and distribute the repayment over a given period of time provided it is within the allowed time and that you are not straining while paying it.

Consumer protection

As a consumer, you are assured of protection if you pay with an online credit card. This is because, if something goes wrong in the process of transaction, you will be in a position to gain back all your money unlike cash payment methods where money handling is susceptible to dishonesty.

It is secure

Since the time it will take before an online credit card will take before it expires is very short, it reduces the odds of it being hacked or even used by unauthorized persons. If you want to make payments without the risk of exposing your account to malicious parties, then online credit card use is the way to go.