1Password Adds Easy to Use Virtual Credit Cards
Virtual credit cards are a great way to protect your credit card’s sensitive information by using a uniquely generated card number, expiration date and security code as a proxy. They are also useful for signing up for trials and other one time payments, since the virtual card number cannot be charged again.
1Password, a password manager program, has now announced a new partnership with Privacy.com that gives 1Password users the option to use virtual credit cards, Gizmodo reports. You just need to enable the new feature in the 1Password X Chrome extension. Once enabled, you will receive a prompt every time you try to make an online credit card purchase asking if you would like to use a virtual card instead.
The virtual credit cards create unique payment credentials for an individual service for one time use. But you can also save a virtual card for recurring payments on the service in the future. Privacy.com passes along the virtual card’s information and your primary card is processed with your bank as usual.
Another useful option is that you can set a spending limit on virtual cards. This gives an extra layer of security, as you can customize it based on the service you are paying for. It can also be a good way for parents or even businesses to issue card numbers with a a certain limit.
Citi and Bank of American already offer virtual credit card numbers. But with 1Password you can easily use the option every time you make a credit card payment online. Also everything is saved in one place and you can keep track of virtual credit cards that you have used in the past or are still using for recurring payments.