HDFC Bank Virtual Credit Card

HDFC Bank NetSafe Features and Benefits Eligibility and Documents Required HDFC NetSafe Fee and Charges How to generate HDFC NetSafe? Virtual Credit Card vs. Physical Credit Card Compare Similar Virtual Cards HDFC NetSafe FAQs

With the NetSafe technology, you create a virtual credit card (NetSafe Credit Card) from your HDFC Bank Visa or Mastercard Credit Card Number. Some of the features of the card are as follows-

Key Benefits of NetSafe Credit Card

● The NetSafe card is a one-time use card ● Your HDFC Bank Credit Card number is never used on the merchant website ● All your purchases via the card will appear on your statement ● You have the option of creating a unique password for additional security ● The virtual credit card number is auto-generated and expires after a defined period of 48 hours

The NetSafe Card is an online single transaction card and hence cannot be used more than once. The below-given table contains the number of NetSafe Cards you can create and the maximum limit you can set.

Credit Card Type	No. of NeSafe Cards per day	Maximum Limit per NetSafe Card
Infinite and Regalia Credit Cards	5	Rs.1.5 lakh
Other HDFC Credit Cards	3	Rs.75,000

The NetSafe Card is created online instantly and in real-time for any amount decided by you and is valid for a maximum period of 48 hours.

With the motive of making the facility accessible and convenient to all, HDFC Bank has set the following criteria-

1. You should have an existing HDFC Credit Card.
2. You should have sufficient credit for the online transaction to take place.

The bank does not levy any charges for the facility of virtual credit card. The NetSafe Credit Card is currently being provided to you free of charge. Also the card can only be used for making online payment at sites accepting Visa or Mastercard range of cards.

You can easily create the NetSafe Card by following the below listed steps-

Step 1- Go to the official website of HDFC Bank.

Step 2- Log into NetSafe using your Login ID and Password.

Step 3- Choose your preferred account from which you wish to draw funds for creating NetSafe Card.

Step 4- Now click ‘Ok’ to generate the NetSafe Card.

You also have the option to generate the card by downloading a plug-in which will reside on your computer. When you click on the plug-in, it will directly take you to the page for generating the NetSafe Card.

When considering to apply for a virtual credit card, it is to be kept in mind that such a card is valid for a limited period of time and can only be used online. Hence before applying for one, understand the major differences between a virtual credit card and a physical credit card.

Difference between Virtual and Physical Credit Card
Virtual Credit Card	Physical Credit Card
Cannot be used to make point of sales purchases	Can be used for both online and offline transactions
Generally no interest-free period available	You can enjoy the interest-free period
Valid for a time period of 24-48 hours	Generally expire after a few years from the issue date
In majority of cards you do not get any reward points on using them	Reward points as well as cashback can be earned using physical credit cards
Does not contribute in building your credit score	Helps building your credit score in the long run

Following is the comparison of different virtual credit cards provided by varied banks in India. You can compare the different features as well as the fee levied and choose what best suits your requirements.

Virtual Credit Card	Annual Fee	Primary Feature
HDFC NetSafe	Nil	You can use it on any merchant website that accepts Visa / Mastercard Credit Cards
SBI Corporate Virtual Credit Card	Nil	The card has a customized validity and hence is valid for single / multi use
Kotak Mahindra Bank Netc@rd	Nil	It is universally accepted and you can shop on any website that accepts Visa Cards
ICICI Bank Virtual Credit Card	Nil	You can change the maximum limit on your VCC within overall limit of your primary card
Axis Bank FreeCharge Credit Card	Rs.250 + taxes	Exceptional virtual credit card where you can earn reward points on your purchase
HSBC Advantage Virtual Card	Nil	You can set your card’s limit on the purchase you wish to do and reset it again

Do I have to register for using NetSafe?

Yes, you have to register using your existing HDFC Credit Card for creating your NetSafe Card.

Can I use my NetSafe Card at all websites?

You can only use your NetSafe Card at websites accepting Visa and Mastercard cards as payment options.

How can I cancel a NetSafe Card?

Follow the below mentioned steps for cancellation-

• Login to NetSafe and choose your account
• Select ‘Card List’ which will list down all the generated cards
• Choose the card that you wish to cancel
• Now click on ‘Cancel Card’ option
• The amount will be credited bank at the end of validity period

 

 

Can I withdraw cash using my NetSafe Card?

No, the NetSafe card can only be used for online transactions and hence cannot be used for cash withdrawal.