10 Best Virtual Credit Cards Singapore

This article will cover the Best Virtual Credit Cards Singapore and how they assist users in making secure online and mobile payments.

Virtual credit cards are gaining popularity because they are issued instantly, provide improved protection against fraud, and can easily be added to digital wallets.

If you shop online, have subscriptions to services, or simply wish to make contactless payments, the right virtual credit card will enhance your security, ease, and control over your finances in the digital economy.

What is a Virtual Card?

A virtual card operates as a standard payment card, but because it only exists digitally, it allows for secure transactions without a need for physical card. These cards can also be used for mobile payments, online shopping, in-app purchases, or phone orders in a transactional capacity.

These cards are also available as either a debit or credit card. With a virtual debit card, there will be no possibility of accruing interest charges, as spending will be limited to the account balance.

A virtual credit card, however, will allow purchases to be made on credit, with the expectation that payment will be made (along with interest or othe fees) at the end of a monthly billing cycle. Both of these card types offer security, flexibility, and convenience aligned to the preferences for spending and budgeting of the user.

Key Point

Virtual Credit Card	Key Point
Standard Chartered Virtual Card	Instant issuance for online and mobile payments.
DBS Visa Virtual Card	Linked to DBS/POSB accounts with strong security features.
UOB One Virtual Card	Offers cashback rewards on selected online spending.
OCBC 365 Virtual Card	Allows convenient subscription and recurring online payments.
Citibank Virtual Card	Supports multiple online transactions with card number masking.
Maybank Virtual Card	Quick setup, works for both local and international payments.
HSBC Virtual Card	High security with temporary card numbers for safer online use.
Standard Chartered Xtra Card Virtual	Earns bonus points for e-commerce purchases.
Bank of China Virtual Credit Card	Integrated with mobile wallets for seamless payments.
ANZ Virtual Credit Card	Supports instant card freezing and spending limits.

1. Best Virtual Credit Cards Singapore – Standard Chartered Virtual Card

Standard Chartered Virtual Card is a virtual card example. It is a type of SCB credit card that may be generated and used immediately for online/app purchases. It is a credit card type which is a Visa/Mastercard and is linked to your physical card.

It is available to all Singapore residents who qualify for one of SCB’s credit products. There is no card maintenance fee as SCB has a credit card fee (differs by card tier).

Compared to peers, foreign transaction fees are a bit clears at 3.5%. Thus, do the math before spending and understand the costs.

Standard Chartered Virtual Card Key Features:

1. You get an instant digital card number for online and mobile payments.
2. Directly linked to the Standard Chartered credit card account.
3. Can be used for subscriptions that are recurring, and is safe to do so.
4. 3-D Secure is supported for secure transactions.
5. You can use it prior to the physical card arriving, as it is available as soon as card approval is given.

Pros:

• You have instant online purchasing access.
• The credit card reward system still applies, as well as the same credit limit as the physical card.
• The physical card details can be hidden, thus fraud risk is lowered.
• Using the virtual card incurs no additional costs.

Cons:

• In-store purchases and ATM withdrawals are a no-go.
• When the physical card is activated, the virtual card will no longer work.
• Any fees that may be attributed to foreign transactions will still be charged, as per the main credit card.

2. Best Virtual Credit Cards Singapore – DBS Visa Virtual Card

DBS Visa Virtual Card is an example of a virtual credit card, and the DBS Digibank app has it available as one of the virtual cards that can be accessed when a DBS credit card is approved.

This card can be used for online purchases and at mobile wallet providers. DBS customers living in Singapore can sign up for this. There are no issuance or maintenance costs for the card, but the credit card has an annual fee, depending on which tier you select.

There are transaction fees, and as most Singapore banks do, foreign transactions are charged an additional 3.25% fee. These costs do not include the exchange rate. There is no fee for ATM cash withdrawals for the virtual card, however, you do need a physical card for this.

3. Best Virtual Credit Cards Singapore – UOB One Virtual Card

If you are a UOB credit card holder, you can get the UOB One Virtual Card, which allows you to create a virtual credit card number for additional online security. This card’s benefits, fees, and rewards are the same as the UOB credit card.

You need a UOB credit card account in Singapore to get the card, and usually there is an annual fee for the UOB One card, which can be waived based on your spending, She also has a 3.25% foreign transaction fee, typical for Singaporean cards, plus the additional exchange rate fee of the card network. The virtual card is for online purchases only, so there is no ATM access.

UOB One Virtual Card Key Features:

1. Linked to the UOB One credit card is a digital card.
2. For online payments, this card can be generated instantly.
3. Just like with the physical cards, this card has the same reward and cash back benefits.
4. This card can be used for online and in-app purchases.
5. You can add this card to your mobile wallet for convenience.

Pros:

• Online shopping can be done with instant card access.
• This card replaces the need to use your physical card for online payments.
• You can safely set up recurring payments with this card.
• You will have no additional fees with this card.

3 Cons:

• This card cannot be used for in-person transactions or ATMs.
• This card will expire if it is replaced or canceled.
• There will be foreign transaction fees with this card.

4. Best Virtual Credit Cards Singapore – OCBC 365 Virtual Card

The OCBC 365 Virtual Card functions like a credit card number used for more secure online purchases and can only be accessed by OCBC credit card holders. It is a credit card-based virtual card that is associated with the same perks as the physical OCBC 365 card.

It is only available for those that meet the general criteria for OCBC credit cards in Singapore. Most OCBC cards come with an annual fee (which can be avoided if certain spending thresholds are met), and they apply a 3.25% foreign transaction fee for overseas purchases.

As with all virtual cards, the OCBC 365 Virtual Card does not allow ATM withdrawals, as the card is intended for e-commerce and in-app purchases only.

OCBC 365 Virtual Card Key Features:

1. There is an option to get an OCBC 365 credit card in your wallet.
2. There is a virtual card that you can use online that is issued.
3. The card that is linked to your account and you can keep the rewards and benefits.
4. You can use digital payments with a mobile wallet.
5. You can use a subscription and recurring payment management with this card.

Pros:

• Online shopping can be done instantly.
• Card information is not as exposed.
• The virtual card does not have a separate maintenance fee.
• Subscriptions that are recurring can use this card.

Cons:

• There is no use for this card for an ATM or in person shopping.
• The credit card fees are applied.
• A physical card is mailed and the card can deactivate or expire.

5. Best Virtual Credit Cards Singapore – Citibank Virtual Card

The Citibank Virtual Card is a digital credit card number that is available via the Citi mobile application for eligible Citibank credit cards. It’s a credit card type that is intended for safe online checkouts by keeping your actual card number private.

You can only access it if you hold an active Citibank credit card in Singapore. It is linked to a credit card that is subject to an annual fee depending on the card type, and foreign transactions are subject to an additional 3.25% fee plus the applicable network conversion fee.

Like other virtual cards, cash withdrawals require a physical card, and there are no ATM fees for online transactions.

Citibank Virtual Card Key Features:

1. There is a digital number that is issued for safe online payment.
2. A mobile app and e-commerce transaction are in this category.
3. You can get rewards and cash back with this card.
4. There is a Citibank mobile app and you can manage this in a bank.

Pros:

• There is a chance your card information will be compromised.
• There is an online shopping option that is instant.
• There is a chance the online payment will be recurring.
• You can manage this through the app and your online spending will be tracked.

Cons:

• There is no use for this card in a physical store or an ATM.
• Standard fees still apply.
• Available only to Citibank credit card holders.

6. Best Virtual Credit Cards Singapore – Maybank Virtual Card

With the Maybank Virtual Card, Maybank credit card holders get to enjoy a virtual number, which they may use to transact online as well as to integrate into their mobile wallets.

This credit card-linked virtual card is offered to you via the digital banking channels of Maybank in Singapore once you get an eligible credit card.

Maybank cards come with a maintenance/annual fee (which is based on the product and your eligibility) and there is a foreign transaction fee of about 3.25% which is very much in line with other mainstream banks.

The virtual card does not allow you to access cash transactions at ATMs; you will use the physical card for that. This virtual card also provides additional protection to online merchants and allows for recurring transactions.

Maybank Virtual Card Key Features:

1. Digital card linked to Maybank credit card account.
2. Instantly created on mobile banking app.
3. Use to buy stuff on the internet and via apps.
4. Can be used for future and recurring payments.
5. Supports digital wallets for tap and go purchases.

Pros:

• Can be used for immediate online shopping.
• Low chance of fraud on the Maybank account.
• Same rewards as linked credit card account.
• Can be managed via the Maybank app.

Cons:

• Purchases at points of sale are not possible.
• Transactions in other currencies are subject to fees.
• Maybank credit card holders only.

7. Best Virtual Credit Cards Singapore – HSBC Virtual Card

The HSBC Virtual Card is offered as an instant card to either new or existing customers of the HSBC credit card via the HSBC Singapore mobile application.

This is a credit card based virtual number which allows you to transact online, even before you receive your physical card. The scope of availability is quite extensive for the various offerings under HSBC credit cards.

There is no separate maintenance charge for the virtual number; the costs come from the associated credit card’s annual fee.

HSBC cards charge approximately 3.25% on foreign currency transactions. As the card is virtual, you cannot withdraw cash at ATMs — for cash needs, use the physical card.

HSBC Virtual Card Key Features:

1. Linked to and HSBC credit card account.
2. Use to make safe purchases on the internet.
3. Use for online buying, app payments, and future payments.
4. Can be integrated with mobile wallets.
5. Can be created on the app before the physical card arrives.

Pros:

• Online shopping is secure.
• Use the card in the app before the physical card arrives.
• Cash back and rewards are the same as the card.
• No fees to get the card.

Cons:

• Exempt from in-person purchases.
• Purchases in foreign currencies are subject to fees.
• Limited Maybank credit card holders only.

8. Best Virtual Credit Cards Singapore – Standard Chartered Xtra Card Virtual

The Standard Chartered Xtra Card Virtual is the virtual version of the SCB Xtra credit card line, intended for online shopping and mobile app payments. It functions as a credit card virtual number and therefore carries the benefits and features of the Xtra product.

It is available only to Singapore residents who have been approved for the Xtra credit card, and there is no separate maintenance fee aside from the credit card’s annual fee.

The foreign transaction fee is around 3.5%, which is a bit more than some competitors. It is designed to improve online safety, but you cannot use it to withdraw cash from ATMs or for any other in-person transactions.

Standard Chartered Xtra Card Virtual Key Features:

1. SC Xtra credit card digital version.
2. Immediate issuance for online/mobile payments.
3. Xtra card account and credit limit are linked.
4. Enables subscription and recurring payments.
5. Enhanced protection through 3-D Secure.

Pros:

• Access to immediate online spending.
• Rewards and cashback are not lost.
• Physical card number exposure is reduced.
• Usable in mobile wallets.

Cons:

• Not applicable at ATMs and retail merchant.
• International transaction fees apply.
• Physical card usage deactivates virtual card.

9. Best Virtual Credit Cards Singapore – Bank of China Virtual Credit Card

The Bank of China Virtual Credit Card is a digital version of the Bank of China credit card for online shopping and subscription services. Once you have an eligible card in Singapore, credit card-linked virtual card can be accessed via BOC’s online banking or app.

BOC credit cards usually have an annual fee (depends on the product and eligibility), and foreign transaction fees are slightly more competitive at about 3%. While virtual numbers improve security, cash and ATM access require the physical card.

Bank of China Virtual Credit Card Key Features:

1. Linked to a credit card of the Bank of China is a digital card.
2. Use permitted for online and app payments.
3. Credit limit and rewards remain the same.
4. Subscription and recurring payments are permitted.
5. The mobile banking app may be used for management.

Pros:

• It is meant for online transactions. It is safe.
• Use is permitted for online transactions. A physical card is not needed.
• Same perks as physical cards.
• Simplified online administration.

Cons:

• No cash withdrawals at ATMs.
• Fees for foreign transactions.
• Available solely for Bank of China credit cards.

10. Best Virtual Credit Cards Singapore – ANZ Virtual Credit Card

The ANZ Virtual Credit Card generates a digital card number associated with an ANZ credit card account allowing online and mobile payments. This credit card virtual card can be issued to Singapore residents with eligible ANZ credit cards.

It offers the same functionalities as the associated card, including annual fee and foreign transaction fee which is about 3.25% for international transactions. Being a virtual card, you cannot withdraw money at ATMs, you need to have the physical card for that.

This virtual card enhances online security and is very convenient as it allows easy integration into digital wallets for contactless payments.

 ANZ Virtual Credit Card Key Features

1. Digital card tied to ANZ credit card.
2. Available instantly via mobile banking.
3. Can be used for online, in-app, and recurring payments.
4. Same benefits for rewards and cashback.
5. Compatible with digital wallets.

Pros

• Online transactions are more secure.
• Immediate spending.
• Virtual card perks are the same as real cards.
• Less chance of fraud for online payments.

Cons

• No use at ATMs, and cannot be used in store.
• Fees for foreign transactions apply.
• Available solely for ANZ credit cards.

Why Choose a Virtual Credit Card in Singapore?

Improved Online Security Virtual credit cards are safer. Your real card info stays hidden. Even if card info gets stolen, your main card details are still protected.

Immediate Card Issuance All banks in Singapore can issue virtual cards immediately after card approval. After this, online shopping can start without waiting for any physical card to come in the mail.

Better Subscription Control If you have recurring subscriptions to streaming services or software, virtual cards can help you. You can easily cancel or use the deactivate option to avoid auto-renewal.

Easy Mobile Wallet Linking Virtual credit cards make contactless payments, online purchases, and in-app purchases extremely quick and simple. You do not need to have a physical card in your wallet.

Better Control Over Spending Use your banking app to manage virtual cards. You can see and monitor your transactions, track your spending, and you can freeze or block the card instantly if you wish.

Key Factors to Consider Before Choosing?

Improved Online Security Virtual credit cards are safer. Your real card info stays hidden. Even if card info gets stolen, your main card details are still protected.

Immediate Card Issuance All banks in Singapore can issue virtual cards immediately after card approval. After this, online shopping can start without waiting for any physical card to come in the mail.

Better Subscription Control If you have recurring subscriptions to streaming services or software, virtual cards can help you. You can easily cancel or use the deactivate option to avoid auto-renewal.

Easy Mobile Wallet Linking Virtual credit cards make contactless payments, online purchases, and in-app purchases extremely quick and simple. You do not need to have a physical card in your wallet.

Better Control Over Spending Use your banking app to manage virtual cards. You can see and monitor your transactions, track your spending, and you can freeze or block the card instantly if you wish.

Conclusion

Virtual credit cards in Singapore offer robust security, immediate access, and practical online payment options based on features, prices, and digital functionality. Standard yearly and foreign transaction costs (usually between 3% and 3.5%) still apply, even though the majority of cards do not have separate maintenance fees.

Your purchasing patterns will determine which option is ideal for you; frequent online shoppers should give priority to security and app controls, while cashback seekers could favor reward-focused cards.

All things considered, virtual credit cards are a wise choice for safer mobile wallet payments, subscription management, and e-commerce in Singapore’s expanding digital economy.

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