The benefits of virtual debit cards

11 August, 2020 · 2 min read

One of the handy things about signing up with ANNA is that you get a virtual debit card that lets you use your account straight away - without needing to wait for your physical (and miaowing) debit card. But speed isn’t the only benefit of having a virtual debit card.

Security

You can use different virtual cards for different online services. One for Netflix. One for Spotify. One for your monthly artisan coffee bean subscription if you live in east London. It means if that service is ever compromised - you’re protected. You can cancel that card without needing to update your card details on other websites. Oh, and don’t forget that some of your online subscriptions may be eligible for cashback if you pay for them with ANNA.

Manage your spending

Each virtual debit card can have its own spending limits. By using a unique virtual debit card for each area of your business you can ensure you don’t overspend and remain within budget. A quick glance at the app will tell you how much has been spent on each virtual card at any given time.

Using free trials

If you’re signing up to a free trial that requires your payment details use a new virtual debit card. Once the trial begins, freeze the card to make sure you’re not charged even if you forget to cancel in time. If you decide you do want to keep using the service, just unfreeze your card.

Disposability

Not sure about the website you’re buying from? You can set up a new virtual debit card for a single-use and then cancel it once the purchase is done. Your money will be safe and protected from online fraud, such as Card Not Present (CNP) transactions and potential phishing scams.

Safety

There’s no physical card to worry about losing. A criminal can’t clone your virtual debit card and use it at a cashpoint. Your virtual card details are stored securely on our servers and shown within the ANNA App, which only you can access. No one else gets near them.

About the author

Vic is the Social Digital Manager at ANNA and has a world of experience managing online communities. He looks after all our social media channels and regularly catches up with our customers. You’ll see him around when you pop along to any of our customer events. Fun fact: Vic’s pet tortoise, Toby, has more Instagram followers than he does.

Read more of Vic's writing
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