Citibank has recently introduced a new service called “CITI Virtual Credit Card”. This is not the same as the conventional Citibank credit card. The main difference between the two is that you don't get to carry your own Visa or MasterCard. You are issued a CITI Virtual Credit Card which is issued by Citibank. The card comes with all the features and benefits of a normal Visa or MasterCard.
The Citibank credit card allows you to make purchases online via the internet which is very convenient for business owners who often conduct their business from home. The CITI card can be used to make traveling purchases as well. It is especially useful for those small business owners who want to expand their business overseas or hire employees with temporary work visas. The virtual credit card lets you issue payments to employees, contractors, and visitors while they use your card.
The Citibank Virtual Credit Card is available only to selected customers of Citibank. If you qualify for this card, you will receive a unique activation link and a unique virtual credit card number. You can transfer funds from your non-CITI card to your new CITI card easily. Once you have the money in your CITI card account, you can make any online purchase including gas stations, restaurants, department stores, gasoline stations and more. You will be charged interest on any purchases you make. To make payments to your employees, you can use the same payment system as you do with your normal Visa or MasterCard card.
Citibank offers two kinds of credit cards – standard and secured. Standard cards are available to anyone with a U.S. bank account. They are good for making everyday purchases like making purchases at the gas station, department store, and other businesses. On the other hand, secured cards require collateral to be put down before you can be given a credit card. You can use the money that you put down for collateral to pay off your balance whenever you want.
Citibank virtual credit cards come in the business and small size. They can be used anywhere as traditional credit cards, but they look and feel like your regular Visa or MasterCard. The benefits of having a Citibank card are that you don't have to go through a credit check to get one and you don't have to carry cash with you to make a purchase. The virtual credit card serves just like a regular credit card. You can use it to make payments for services such as car rentals, oil changes, and doctor visits. You can even use it at a gas station or online.
As with a regular card, you can transfer money from a regular ATM to your virtual CITI card and use it any time you want. You can even pay bill online with your virtual card. If you have any questions about the Citibank virtual . . . . . . credit card or other Citibank cards, you can contact a representative who can answer any questions you have and help you find the card that is right for you. Citibank offers many different types of cards so check them out and find the one that works for you.