Ways to Use the Credit Card without the Physical Card - Bajaj Finserv (2024)

FAQs

Can I use my credit card without the physical card? ›

In conclusion, it is possible to use a credit card without the physical card through online transactions, mobile payments, and virtual credit cards. However, be sure to take precautions to secure your transactions and protect your credit card information.

Bajaj Finserv Insta EMI Card also known as Bajaj Finserv EMI Network Card is a digital card that works like a credit card but doesn't charge interest on EMIs like credit cards do. Depending on your eligibility, the card comes with a pre-approved loan limit of up to 3 lakh.

Make a purchase with your virtual card

You can use your virtual card when you shop online or in apps. When you check out on a website or make an in-app purchase: Choose the virtual card from your payment method options. Let Chrome or Android fill in the payment info automatically.

Don't worry; there are still ways to get cash from your credit card without it. First, when considering a cash advance, ensure you know the fees and your cash advance limit. From there, you can enter the branch associated with your account, use a digital payment service, or even write a check.

The most famous ones are PayPal, Apple Pay and Google Pay. The basic functionality of these payment apps tends to be similar. You load them with funds from your bank account and/or receive funds from other sources. You then use these funds to make purchases and/or transfer them to your bank account.

Once you set up your new credit card account, your card issuer may provide an instant credit card number that allows you to use your new account online or in person with a digital wallet before your physical card arrives.

Disadvantages of a credit card

However, you can avoid paying additional interest by making timely repayments every month. The ease of using credit cards can often lead to overspending. This can create a debt burden and also affect your credit score negatively.

You can transfer money from a credit card to a bank account online by using a balance transfer, cash advance, or third-party service. Please note that this process may incur additional fees and interest charges, so it is important to review the terms and conditions carefully before proceeding.

Bajaj Finserv provides an option called the Flexi Loan facility, which allows you to transfer funds from your EMI Network Card to your bank account.

How do I convert my virtual credit card to cash? ›

Open your virtual card account on its app or website. Look for a Transfer money or Send money option on the dashboard and tap it. Select one of the bank accounts you want to withdraw money to or enter the bank account number and other required details manually.

To transfer money with only a card number and CVV, you can use a money transfer service such as Western Union or MoneyGram. These services allow you to send money to anyone in the world, even if they don't have a bank account.

You can ask a teller at your local bank branch to withdraw funds from your credit card and deposit them into your bank account. If your chequing account is with a different bank, you may need to bring the withdrawn cash to the other bank to deposit the funds.

CONTACTLESS ATM Get cash without your card

Adding your debit card to your Digital Wallet means you can get cash using your phone. Just select your card in your wallet and hold your phone over the Contactless Symbol at any Bank of America ATM.

Bajaj Finserv offers a range of co-branded credit cards with various rewards, benefits, and features to suit your needs.

Online and Offline:

Whether it is to make purchases offline at Point of Sales machines or online on e-commerce sites, HDFC Bank EasyEMI Card offers flexibility to customers to make purchases across channels. HDFC Bank has made the use of EasyEMI Card as seamless as a debit or credit card.

Bajaj Finserv Insta EMI Card which is a digital card, lets you buy products on No Cost EMIs. The Insta EMI Card is a better payment option for shopping than a credit card because of the interest-free EMIs. It is easy to shop for your favourite products on EMIs without a credit card.

Absolutely, your Insta EMI Card can be used for offline shopping as well, offering flexibility for in-store purchases. Where is the Bajaj Finserv Insta EMI Card accepted? The Bajaj EMI Card is widely accepted across a wide network of 1.5 lakh partner stores, including electronics, appliances, fashion, travel, and more.