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Virtual cards are a new payment method that has changed the way people manage their finances and approach online transactions. What else is in store?
The economic downturn has put airlines in a tough positions. To stem the flow, airlines are turning to a familiar strategy to drive growth: rewards cards.
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While virtual cards are gaining a lot of traction, there's still a good number of questions about them — the most popular one is whether or not a virtual card can affect your credit score.
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Classical economic theory held that humans were basically rational actors. Behavioral economists blew that theory out of the water.
Virtual cards are primed to boom because they offer levels of convenience, security, and control that are not possible with physical cards. But since they are still up and coming, consumers might not know how to differentiate between the best virtual cards and the bad ones. However, distinguishing between the two is not as hard as it seems.
