Financial services have evolved to cater to the needs of modern consumers in today’s digital age. One such innovation is the digital or virtual EMI card, a seamless and convenient payment solution for online shopping. The Bajaj Finserv Insta EMI Card, in particular, has emerged as a leading player in this space, providing customers with a host of benefits and features that simplify their online purchasing experience. Check your eligibility for the Bajaj Finserv Insta EMI Card today. You may already be eligible, find out by entering your mobile number and OTP.
Managing your budget has never been easier with a virtual EMI card that helps you plan your expenses smartly. Explore the key features and advantages of virtual EMI cards, understand the differences between physical and virtual/digital cards, and learn how to apply for them.
What is a Virtual card?
A virtual card, sometimes called a temporary or anonymous card number, is a digital credit or debit card that exists only online. Generated through a website or mobile app, it has no physical form but functions like a regular card for most online transactions. Virtual cards add a layer of security by masking your actual card details and often allow you to set a maximum spending limit. In some cases, they can also be restricted to a single merchant, reducing the risk of unauthorized use if that merchant’s system is ever compromised.
How to choose the best virtual card for online shopping
- Check if the provider offers spending limits for better control.
- Ensure strong security features like two-factor authentication.
- Look for cards that can be merchant-specific for safer use.
- Compare fees, rewards, and benefits before applying.
- Confirm compatibility with popular online platforms and payment gateways.
Benefits of virtual cards
Virtual cards offer a range of features designed to enhance the ease and security of online transactions. Here are some of the key benefits of using a virtual EMI card like the one offered by Bajaj Finserv:
- Instant activation: Virtual EMI cards are instantly generated upon approval, allowing you to start shopping online immediately. Unlike physical cards that may take days to be delivered, virtual cards are accessible right after the application process.
- Flexible loan amount: Our digital card, the Bajaj Finserv Insta EMI Card offers a pre-qualified card loan offer amount of up to 3 lakh, giving you the freedom to shop within your credit limit. This amount can be used to make purchases across various partner stores and e-commerce platforms.
- Secure transactions: Virtual EMI cards come with secure authentication features, including One-Time Passwords (OTP), making online transactions safe and protected from potential fraud.
- Wide acceptance: One of the best digital cards is the Bajaj Finserv Insta EMI Card, which is widely accepted across a vast network of partner merchants, giving you access to a diverse range of products and services.
- Track transactions online: Virtual EMI cardholders can easily track their transactions and monitor their spending through a user-friendly online portal.
- Easy EMI: Virtual EMI cards provide the convenience of Easy EMI options, enabling you to convert your purchases into easy monthly instalments without incurring heavy interest or processing fees.
Check Also: Advantages of Insta EMI Card
Looking to upgrade your home appliances or electronics without straining your finances? The Bajaj Finserv Insta EMI Card offers flexible payment options for all your needs. Check your offers now. You may already be eligible, find out by entering your mobile number and OTP.
How Does a Virtual Credit Card Work?
- A virtual credit card generates a unique 16-digit number, expiration date, and CVV linked to your real card but hides your actual details from merchants.
- You can request the virtual card through your bank’s app or online portal, with options like single-use or merchant-specific cards.
- Spending limits, expiration dates, or merchant restrictions can be set for added security and control.
- Payments are processed like normal card transactions, but if compromised, you can cancel the virtual number without affecting your main account.
Difference between virtual credit card vs Insta EMI Card
When comparing payment options, it’s important to understand the difference between a Virtual Credit Card and an Insta EMI Card, as both serve unique purposes for secure shopping and affordable financing.
Features |
Virtual Credit Card |
Insta EMI Card |
Nature |
Digital version of a credit/debit card with a unique number for online transactions. |
Digital card designed for converting purchases into easy EMIs. |
Primary Use |
Provides secure online shopping by masking real card details. |
Enables shopping for products/services and paying later in flexible EMIs. |
Physical Card |
No physical card issued, only digital credentials. |
No physical card; works digitally across online and offline partner stores. |
Spending Limit |
Limit is usually set by the bank/issuer, sometimes adjustable by the user. |
Pre-approved credit limit based on eligibility and credit profile. |
Security |
High security with unique, temporary numbers and merchant restrictions. |
Secure transactions with controlled EMI options and partner store usage. |
Repayment |
Works like a normal credit/debit card; repay as per card statement. |
Repay in easy EMIs over flexible tenures, ranging from 3 to 60 months. |
Key Benefit |
Protects card details during online payments and reduces fraud risks. |
Makes high value purchases affordable with zero down payment offers on select items. |
Difference between physical EMI cards and virtual EMI cards
The primary difference between physical EMI cards and digital or virtual EMI cards lies in their form factor and usage:
| Features | Physical EMI cards | Digital/Virtual EMI cards |
| Format | Traditional card format, like debit/credit cards | Digital, existing in electronic format |
| Portability | Physically carried, can be inconvenient | No physical handling needed, instant creation |
| Usage | In-store and online transactions | Primarily designed for online, can be used in-store |
| Delivery time | Delivered to address after approval (few days) | Instant creation upon approval |
| Suitable for | Both in-store and online purchases | Primarily for online shopping, adaptable for in-store |
| Security and convenience | May require physical presence, less secure | Highly secure and convenient for online shopping |
How to use a virtual card?
- Log on to the partner e-commerce website.
- Browse through the categories and select the product you desire.
- Choose your payment method as Bajaj Finserv Insta EMI Card
- Use your card details and select a suitable tenure between 3-60 months, based on your needs.
- Authorise your purchase with an OTP sent to your registered mobile number.
The Bajaj Finserv Insta EMI Card is primarily offered in the virtual format, catering to the growing trend of online shopping and to ensure a hassle-free experience for users.
Planning to purchase new furniture or renovate your home? Make your dream home a reality with easy EMI options. Check your offers for the Bajaj Finserv Insta EMI Card today. You may already be eligible, find out by entering your mobile number and OTP.
Check Also: Fees and Charges on Insta EMI Card
