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What is a virtual credit card?

Nowadays, more and more people apply for credit cards. To withdraw cash with credit cards, they use physical cards to operate on ATMs, but many people are still unfamiliar with virtual credit cards. So what is a virtual credit card? Can I withdraw cash?

Virtual credit cards are VISA virtual cards, task cards, PayPal activation cards, etc. The target users need to shop online abroad, but there is no international credit card or it is necessary for credit card payment security.

under normal circumstances, the virtual credit card can't be cashed directly, and the virtual credit card needs to be bound with the mobile payment tool before the card-free cash withdrawal. For example, for a mobile phone with NFC function, download China Unionpay Quick Pass APP, bind this virtual credit card to the APP, set it as the default payment card, and then go to an ATM without card transaction to withdraw cash.

cash withdrawal operation flow: first, open the NFC function of the mobile phone and the virtual credit card on the China Unionpay Quick Pass, and then click the card-free payment function on the ATM. After the mobile phone contacts the ATM, click the prompt operation according to the menu to complete cash withdrawal.

Similarly, the withdrawal amount of virtual credit cards will be limited, which is generally 5% of the credit card amount, and there is also a limit on a single day.

after the transaction is completed, the cash withdrawal is completed by exiting the relevant interface.