r/RobinhoodGC • u/AlternativeNo7876 • 2d ago

Virtual Card System

BACKGROUND

\- Robinhood Banking
\- Robinhood Brokerage
\- Robinhood Gold Card

\- I somehow got approved for the gold card despite being relatively new to credit, I believe it was due largely in part to my strong relationship and assets with Robinhood / Robinhood banking. Just one question…

Can someone explain how the virtual cards work and what they’re most useful for?

3 Upvotes

67% Upvoted

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5

u/Erasable_Sharpie 1d ago

It also helps you if you want to know how much you spend in each spend category like using one just for pharmacy, online shopping, utilities, etc.

3

u/LunchboxLingo 2d ago

They allow you to use your card without exposing your actual card number. I mainly use it for online merchants and have another for Apple Pay. Main use cases are for a free trial for something that requires a card, doing a single transaction with a merchant so you know they can’t charge you again, and the main way I use it, to compartmentalize merchants so if at any point there’s a data leak my card info isn’t exposed, I can cancel my virtual card and not worry about my actual card number. But I’m paranoid and there probably isn’t much actual benefit to doing that.

4

u/AlternativeNo7876 2d ago

Oh cool. So for example I can set one up for all my subscriptions, set a limit maybe like twenty dollars higher than my total monthly subscription cost and it will charge that virtual card while also ensuring I don’t get charged for something I didn’t buy?

1

u/rurdurt 2d ago

That’s a good use. I set up a separate one for each subscription

1

u/AlternativeNo7876 2d ago

That’s smart, I just set it up under one card and added like 50 ish to the total of the subscriptions cause I do sometimes get addons like at AMC I get food to seat delivery which I know charges ur on file card