Saturday, September 22, 2012

Virtual Visa Debit from RBC

A month ago I received a new Virtual Visa Debit card in the mail from RBC.  I did not apply for it.  It just...arrived.

The card is meant to be used as a "new way to pay for online, telephone and mail order purchases.  Payments are debited directl from your RBC Royal Bank personal deposit account."

I put it aside, trying to figure out why it would have been sent to me.  You see, I have absolutely no reason or incentive to use this card!

Yes, I absolutely make online purchases. However, I already have a credit card that I'm comfortable using for online purchases.  I even get points on this credit card to redeem for stuff later.

Not everyone has a credit card.  I think this Virtual Visa Debit card is perfect for those who don't.

  • For those who have chosen to not be tempted into debt and have stayed away from having a credit card.  
  • For those who don't have a good enough credit rating to get a credit card.
  • For those who are under 18 and are not old enough to have a credit card.
There are times when not having a credit card can be a real pain for those who don't.  Hotel and vacation booking is one, since you wouldn't be able to use any of the online booking companies (Hotwire, Priceline,, etc), or even be able to book directly through a hotel website.

This new card fills a gap in the market for those looking to be able to buy online and don't want to bother their friends or family members to give them cash in order to have them purchase the desired item online.

I won't be using this card myself, and will not be activating it, but I do see value in the card for others.  

Can you think of any other groups of people this card would be good for?  Would you be interested in using it?

1 comment:

  1. I too received this in the mail without asking for it.. but I did activate it. I like the idea that the money comes right out of my bank account, no payment to made later.


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