We take into consideration the typical spending behavior of a range of consumer profiles - with the understanding that everyone’s financial situation is different - and the designated function of a card.įor cash-back credit cards, for example, key factors include the annual fee, the “welcome bonus” and the cash-back rate (or rates, if they differ by spending category). Our methodologyĬNET reviews credit cards by exhaustively comparing them across set criteria developed for each major category, including cash back, welcome bonus, travel rewards and balance transfer. For example, a Click to Pay account allows Visa, Mastercard, American Express and Discover cardholders to apply for a virtual credit card at checkout. They require an extra step (downloading the app or extension) to use initially, and restrict you to making purchases specifically on hardware you’ve installed the program on. Several issuer apps and browser extensions enable virtual credit card generation for accounts without built-in features. Rather than using the 16-digit code on your physical card, you use the code generated by your card issuer. You use a virtual card as you would normally when shopping online or over the phone.
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