What is an American express virtual card and how to get it?

The American express virtual card is an electronic version of the traditional American Express credit card. It can be used online, for all kinds of purchases on the internet. The user will receive a digital version of his new credit card which he can then use to pay online wherever and whenever needed.

When applying for an American Express virtual card, the user will be requested to provide personal information such as his social security number and address. This way the American Express credit card issuer can verify that he has all the necessary information for a classic American Express card.

The virtual American express card comes with a real expiration date and an unique CVC (Card Verification Code). The CVC is used in order to complete an online purchase via telephone.

American Express virtual card for online shopping

Since the American express virtual card is linked to a classic American Express credit card, it can be used for all kinds of purchases on the internet. The only difference with the traditional credit card is that this one does not bear any information about its owner. The American Express issuer will not know that a specific person owns the virtual credit card.

There is a substantial risk for those who purchase online with an American express virtual card: if they are scammed, they cannot make a complaint to this company because of the lack of information received from the buyer. However, this risk is pretty small because the American Express credit card is a very well known company.

For those who frequently shop online, getting an American express virtual card can be a good idea for several reasons. First of all this one does not require to enter any kind of information from the user which makes it an ideal payment method for those who have been victims of identity theft. Secondly, when you shop on the internet, there is always a risk that your credit card number could be stolen. This one will not lead to any kind of problems since all information about it is digital and cannot be used without further personal data.

How much does an American express virtual card cost?

There are several fees involved when getting an American Express virtual card. The following list is a short summary of what you will have to pay if you decide to order this one online:

• Application fee for the credit card: 5 USD

• Monthly billing fee of 1 USD (valid for all types of cards)

• Annual fee of 20 USD (gold & platinum annual fee waived for the first year).

The American Express virtual card is a legitimate credit card which comes with a monthly billing and an annual fee. If you apply online, you can avoid paying all fees during your first year of subscription. You will have to give a valid bank account number in order to get paid each month. Keep in mind that you will not receive any paper statement.

It is possible to waive the monthly fee by signing up for an American express charge card. The latter is a credit card without an associated cost, it just comes with rewards points which can be used for future purchases.