A Look at the Capital One Virtual Credit Card—Features and Setup
As credit card fraud continues to pose a major threat in 2023, virtual cards are becoming an indispensable tool for cardholders. Because of that, an increasing number of card issuers are opting to provide the service and help their customers stay safe.
One such issuer is Capital One®. With the help of Eno, its online browser extension and assistant, Capital One customers can generate and manage virtual cards for free.
This article will explore the Capital One virtual credit card and present some key facts about it. You’ll learn:
- What the Capital One virtual credit card number is
- How it can be used
- How to apply for it
The content in this article is valid as of September 2023. Please visit the official Capital One website or contact the bank directly for the most recent information.
What Is the Capital One Virtual Credit Card?
A virtual card is a digital version of a payment card that allows cardholders to shop more safely. It’s connected to a real funding source, but it shields the actual card or bank information during transactions in order to protect it. If user data becomes exposed during a data breach on a merchant’s website, the hackers can only access the virtual card numbers.
Capital One allows eligible credit cardholders to create virtual card numbers, which is why they’re often referred to as virtual credit cards. Typically, each virtual card number can work with only one merchant. Users can create as many virtual cards as they need to, provided they don’t exceed 20 cards a day.
How Does the Capital One Virtual Credit Card Work?
Buying with a Capital One virtual credit card number is the same as with any of the issuer’s standard credit cards. Virtual cardholders can enjoy all the benefits regular Capital One credit cards offer, including rewards. They will receive purchase notifications (if enabled), and the transaction information will appear in their account statements.
If damaged or defective goods are purchased with a virtual card, the user may be able to return the item and get a refund, provided they follow the store’s return policy and show the receipt. However, the receipt is needed as proof of transaction since the store doesn’t have the buyer’s real credit card information.
The user will also receive alerts if Capital One detects fraudulent activity on their virtual cards.
With the Eno browser extension, users can generate virtual card numbers without leaving the checkout page, and Eno saves each card to the user’s account. To view and manage the cards, the user should:
- Click on the Eno icon in the browser toolbar
- Select the Manage option with the gear icon above it, after which they’ll be taken to their Capital One account
The user can then lock, unlock, or delete their virtual card numbers whenever they need to. However, it’s not possible to set spending limits—the limit for virtual cards is determined by the credit limit on the individual’s credit card account.
How To Apply for a Capital One Virtual Credit Card
To get the virtual card numbers, the users first need to own an eligible credit card. At the time of writing this article, Capital One hasn’t provided an official list of accepted cards, so it’s best to contact the bank directly to check which cards are eligible.
The user also needs to have the Eno extension, which is currently available with the following browsers:
- Google Chrome
- Mozilla Firefox
- Microsoft Edge
- Chromium Edge
After acquiring the eligible credit card and extension, the user should follow these steps to access the virtual card feature:
- Register their eligible credit card (or multiple cards)
- Use one of the offered methods to verify their identity
- Verify the registered credit card by entering its security code
At checkout, Eno will pop up, prompting the user to sign in and create a virtual card. If it doesn’t, the option can be accessed by clicking the Eno icon in the top-right corner of the browser toolbar. Eno should also auto-populate the card details at checkout. By toggling on Express checkout, the user can avoid having to sign in every time, which makes the purchases even faster.
In case the user’s credit card expires or gets stolen and needs to be replaced, the virtual cards will remain unaffected, as they’ll automatically be linked to the credit card account rather than the individual card.
The Pros and Cons of the Capital One Virtual Credit Card
The following table will highlight the pros and cons of the Capital One virtual credit cards: