Do you use virtual credit cards? (lm.paradisus.day)

submitted 1 year ago by rutrum@lm.paradisus.day to c/privacy@lemmy.ml

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I came across privacy.com, a service that generates virtual credit cards, like aliases for your real credit card that can be paused or discarded at any moment.

My own credit card company has this feature. But it requires a browser plugin that so obviously is there to track my spending habits, so I've not wanted to consider it. Privacy.com looks like a great alternative.

But is it even worth it? It may be a hastle, but I can also cancel my actual credit card at any moment and they will send me a new number immediately and a card a few days later. From a privacy prospective, how much can a company use my credit card credentials to track me? Maybe a third-party virtual card provider even masks my own purchases so not even my credit card company knows? Not sure about that one.

Please share if you use one, who its with, and if its worth it.

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[-] HerderHilton@lemmy.world 12 points 1 year ago

Pretty sure they make money by collecting credit card fees. You are essentially giving up points/rewards in exchange for an unlimited supply credit cards which, as you mentioned, has a valid use in certain situations.

[-] user224@lemmy.sdf.org 5 points 1 year ago

Yep.

How does Privacy make money?

Privacy, like other card companies, collects transaction fees called interchange from merchants. We don't, and will never, sell our customers' data.

this post was submitted on 21 Oct 2023

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Privacy

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