"Virtual" and/or "prepaid" credit Cards

Mikepd · 07-05-2009, 10:26 AM

Where do you guys get them issued?

LasciviousXXX · 07-05-2009, 10:27 AM

Bank of America issues Pre-paid credit cards. That's the only one I'm aware of

Mikepd · 07-05-2009, 10:32 AM

Dustin, Do you have to be a member of the bank to get one?

LasciviousXXX · 07-05-2009, 10:55 AM

Quote:

Originally Posted by Mikepd

Dustin, Do you have to be a member of the bank to get one?

I believe so brother.

07-05-2009, 10:34 AM

They have them at the grocery store here in several denominations all the way up to $500.

markem · 07-05-2009, 10:39 AM

Quote:

Originally Posted by Darrell

They have them at the grocery store here in several denominations all the way up to $500.

These are great. If you want to go higher, just buy more.

Virtual credit cards are a form of "virtual cash", a really neat security idea from a long time ago in a galaxy far far away.

Here is a great article with names of some banks/companies doing the virtual.

http://seekingalpha.com/article/4193...l-credit-cards

07-05-2009, 12:01 PM

You can learn more about this type of card thru this site:
http://www.accountnow.com/

Smokin Gator · 07-05-2009, 12:24 PM

I have looked into the one from Western Union. It just seems a little expensive to set up and add money to it.

alley00p · 07-05-2009, 01:15 PM

I know that HayGal issues a MasterCard for one time use, but I'm not sure if someone could use MC to buy cigars online. Especially since haygal is so down on tobacco products.

I have used them occassionally to make other purchases online with no problem. If anyone has ever tried it and it works, that might be the way to go...

Don Fernando · 07-05-2009, 01:19 PM

Quote:

Originally Posted by alley00p

I know that HayGal issues a MasterCard for one time use, but I'm not sure if someone could use MC to buy cigars online.

all my online orders are paid with my MasterCard.

icehog3 · 07-05-2009, 01:22 PM

Quote:

Originally Posted by alley00p

I know that HayGal issues a MasterCard for one time use, but I'm not sure if someone could use MC to buy cigars online. Especially since haygal is so down on tobacco products.

I have used them occassionally to make other purchases online with no problem. If anyone has ever tried it and it works, that might be the way to go...

Mastercard for cigars, yes.

A Mastercard issued by Payp*l for cigars? Sounds like a quick way to get your Payp*l account suspended.

BigAl_SC · 07-05-2009, 05:03 PM

Check and see if you have a 'Simon" mall around. They issue a Visa in any amount for $1. Best price around.

markem · 07-05-2009, 06:00 PM

Quote:

Originally Posted by icehog3

Mastercard for cigars, yes.

A Mastercard issued by Payp*l for cigars? Sounds like a quick way to get your Payp*l account suspended.

Read the fine print. As I recall, if someone offers a mastercard (or visa) but denies purchases for a vendor that is MC approved, well, they get their MC pulled by MC itself.

Col. Kurtz · 07-05-2009, 05:29 PM

Are there any issues with purchases not on US soil?

Though about loading one up, but not sure it would go through for int'l purposes.

07-05-2009, 11:14 PM

poopal issues these too if you dont want to actually leave your house.

shadow king · 07-06-2009, 01:07 AM

I recently applied for a Vision MC. It has a $1000 cap load. I thought it was going to be a great deal until I received the cardholder agreement booklet.

They hit you with so many nickel and dime charges that it's almost comical. Even when you cancel your card its $14.95. I haven't used it yet, not sure I will now. If Wal-Mart has prepaid cards there, I just might head over there and check them out.

newcigarz · 07-06-2009, 05:25 AM

Certain Credit Card companies like Citi. allow you to set up "virtual" account #'s that are directly linked to your main account. you pick the amount (up to your available limit) and expiration (2 - 12 months) and it assigns a "virtual" #.
It is just like your normal Credit card, it has a 16 digit card #, an expiration date, and a cvc #.
Once the "virtual" is used a few things happen. It deducts the purchase amount from the available credit on the "virtual" card as well as the main card.
The card is only good for one vendor so once the initial purchase is made that "virtual" # can not be used for any other vendor. Also if the amount is close or equal to the available amount on the "virtual" card it can not be authorized for more. In some cases it you want to designate the "virtual" # for a vendor that you use all the time, you can go back and increase the amount and expiration date.
So if someone were to get ahold of your "virtual" account # they will not be able to authorize any charges.
Hope this helps.

14holestogie · 07-06-2009, 06:19 AM

Quote:

Originally Posted by newcigarz

Certain Credit Card companies like Citi. allow you to set up "virtual" account #'s that are directly linked to your main account. you pick the amount (up to your available limit) and expiration (2 - 12 months) and it assigns a "virtual" #.
It is just like your normal Credit card, it has a 16 digit card #, an expiration date, and a cvc #.
Once the "virtual" is used a few things happen. It deducts the purchase amount from the available credit on the "virtual" card as well as the main card.
The card is only good for one vendor so once the initial purchase is made that "virtual" # can not be used for any other vendor. Also if the amount is close or equal to the available amount on the "virtual" card it can not be authorized for more. In some cases it you want to designate the "virtual" # for a vendor that you use all the time, you can go back and increase the amount and expiration date.
So if someone were to get ahold of your "virtual" account # they will not be able to authorize any charges.
Hope this helps.

I've used the Bank of America version of this. No charge and secure.

newcigarz · 07-06-2009, 06:40 AM

Quote:

Originally Posted by 14holestogie

I've used the Bank of America version of this. No charge and secure.

Good point. they don't charge extra for this service.

rack04 · 07-06-2009, 06:45 AM

Quote:

Originally Posted by newcigarz

Certain Credit Card companies like Citi. allow you to set up "virtual" account #'s that are directly linked to your main account. you pick the amount (up to your available limit) and expiration (2 - 12 months) and it assigns a "virtual" #.
It is just like your normal Credit card, it has a 16 digit card #, an expiration date, and a cvc #.
Once the "virtual" is used a few things happen. It deducts the purchase amount from the available credit on the "virtual" card as well as the main card.
The card is only good for one vendor so once the initial purchase is made that "virtual" # can not be used for any other vendor. Also if the amount is close or equal to the available amount on the "virtual" card it can not be authorized for more. In some cases it you want to designate the "virtual" # for a vendor that you use all the time, you can go back and increase the amount and expiration date.
So if someone were to get ahold of your "virtual" account # they will not be able to authorize any charges.
Hope this helps.

My Discover card has this service. However, many online retailers that I use don't accept Discover.

07-05-2009, 10:26 AM	#1
Mikepd I Miss Pnoon Join Date: Oct 2008 First Name: Michael Location: Upstate, NY Posts: 558 Trading: (10)	"Virtual" and/or "prepaid" credit Cards Where do you guys get them issued?

07-05-2009, 10:27 AM	#2
LasciviousXXX Team of 11...Always Join Date: Oct 2008 First Name: Týr Location: New Orleans Posts: 4,579 Trading: (8)	Re: "Virtual" and/or "prepaid" credit Cards Bank of America issues Pre-paid credit cards. That's the only one I'm aware of

07-05-2009, 10:32 AM	#3
Mikepd I Miss Pnoon Join Date: Oct 2008 First Name: Michael Location: Upstate, NY Posts: 558 Trading: (10)	Re: "Virtual" and/or "prepaid" credit Cards Dustin, Do you have to be a member of the bank to get one?

07-05-2009, 10:34 AM	#5
Darrell Guest Posts: n/a	Re: "Virtual" and/or "prepaid" credit Cards They have them at the grocery store here in several denominations all the way up to $500.

07-05-2009, 12:01 PM	#7
Cigary Guest Posts: n/a	Re: "Virtual" and/or "prepaid" credit Cards You can learn more about this type of card thru this site: http://www.accountnow.com/

07-05-2009, 12:24 PM	#8
Smokin Gator Just plain insane! Join Date: Oct 2008 Location: The Swamp Posts: 6,237 Trading: (106)	Re: "Virtual" and/or "prepaid" credit Cards I have looked into the one from Western Union. It just seems a little expensive to set up and add money to it. __________________ Check out the Cigar Asylum Newbie Sampler Trade

07-05-2009, 01:15 PM	#9
alley00p Adopted MassHole Join Date: Oct 2008 First Name: Charlie Location: HOCKEYTOWN! Posts: 1,770 Trading: (41)	Re: "Virtual" and/or "prepaid" credit Cards I know that HayGal issues a MasterCard for one time use, but I'm not sure if someone could use MC to buy cigars online. Especially since haygal is so down on tobacco products. I have used them occassionally to make other purchases online with no problem. If anyone has ever tried it and it works, that might be the way to go... __________________ Alley00p - I may be a FOG, but I'm still trying to dance!! Just don't trip over my cane!

07-05-2009, 05:03 PM	#12
BigAl_SC The last mango in Paris Join Date: Oct 2008 First Name: Alan Location: Simpsonville, SC Posts: 213 Trading: (7)	Re: "Virtual" and/or "prepaid" credit Cards Check and see if you have a 'Simon" mall around. They issue a Visa in any amount for $1. Best price around. __________________ Coldblooded,calculation,unprincipled,usurper, without a virtue,knowing nothing of commerce,political economy,or civil government,and supplying ignorance by bold presumption. Thomas Jefferson

07-05-2009, 05:29 PM	#14
Col. Kurtz Have My Own Room Join Date: Jan 2009 First Name: Jerry Location: South Appleton Posts: 1,839 Trading: (26)	Re: "Virtual" and/or "prepaid" credit Cards Are there any issues with purchases not on US soil? Though about loading one up, but not sure it would go through for int'l purposes. __________________ Artillery Lends Dignity to What Would Otherwise Be a Vulgar Brawl

07-05-2009, 11:14 PM	#15
sodomanaz Guest Posts: n/a	Re: "Virtual" and/or "prepaid" credit Cards poopal issues these too if you dont want to actually leave your house.

07-06-2009, 01:07 AM	#16
shadow king Fresh outta Ad Seg Join Date: Mar 2009 First Name: Matt Location: Last house on the left Posts: 466 Trading: (19)	Re: "Virtual" and/or "prepaid" credit Cards I recently applied for a Vision MC. It has a $1000 cap load. I thought it was going to be a great deal until I received the cardholder agreement booklet. They hit you with so many nickel and dime charges that it's almost comical. Even when you cancel your card its $14.95. I haven't used it yet, not sure I will now. If Wal-Mart has prepaid cards there, I just might head over there and check them out.

07-06-2009, 05:25 AM	#17
newcigarz Smoke and Mirrors Join Date: Oct 2008 Location: On the bottom shelf Posts: 3,139 Trading: (15)	Re: "Virtual" and/or "prepaid" credit Cards Certain Credit Card companies like Citi. allow you to set up "virtual" account #'s that are directly linked to your main account. you pick the amount (up to your available limit) and expiration (2 - 12 months) and it assigns a "virtual" #. It is just like your normal Credit card, it has a 16 digit card #, an expiration date, and a cvc #. Once the "virtual" is used a few things happen. It deducts the purchase amount from the available credit on the "virtual" card as well as the main card. The card is only good for one vendor so once the initial purchase is made that "virtual" # can not be used for any other vendor. Also if the amount is close or equal to the available amount on the "virtual" card it can not be authorized for more. In some cases it you want to designate the "virtual" # for a vendor that you use all the time, you can go back and increase the amount and expiration date. So if someone were to get ahold of your "virtual" account # they will not be able to authorize any charges. Hope this helps.