BDO Unibank and American Express are launching the BDO American Express Virtual Card which gives cardholders greater control over online spending and offers an additional layer of account information security.
In a statement, BDO said the virtual card is linked to the Amex member’s primary card but comes with its own credit card number and offers an adjustable credit limit.
At the same time, Cardmembers will continue to enjoy the same benefits on their primary card when they use the new Virtual Card to shop online.
“With the BDO American Express Virtual Card, we are offering our Cardmembers a product that addresses their reservations about online credit card payments and gives them the assurance they can shop online confidently,” said BDO Senior Vice President and Consumer Banking Marketing Head Nannette R. Regala.
Leveraging the exponential growth of ecommerce, Regala said the BDO American Express Virtual Card is a timely addition to the diverse range of card products offered by BDO and American Express.
“Backed by American Express advanced fraud protection methods, our cards are secure,” said Sanjiv Malhotra, American Express Vice President and General Manager for Global Network Services, South East Asia and South Pacific.
He added that, “we understand some customers feel more comfortable using a separate credit card number for their online transactions. We are always looking to expand and improve our products and services to support the evolving payment needs of our customers – and the Virtual Card does just that.”
BDO American Express Cardmembers may apply for a Virtual Card, free of charge so they can feel more secure while shopping online, set a credit limit according to online purchasing needs, and easily track online transactions.
They also get to earn Rewards Points for every transaction with the same spend-to-point value as the primary credit card.