If you want to see what that could mean for you, you can check your credit scores for free with and use one of the tools to show you how much your score could drop after a late payment.Watching your score hypothetically plunge is scary enough to make you avoid it in real life.A particular place where this might come handy is while advertising on Facebook. Now, Facebook requires you to enter your credit card details before you can make use of an advertising coupon.I can now use the above virtual credit card to authorize my account without any hassle.If you go an entire billing cycle without making a payment, you’ll be considered 30 days past due, which your issuer will report to the credit bureaus.Even one late payment can cause a significant drop in your credit score, and the more payments you miss, the worse your score will get.The only difference is that you can only use it online (and it is 'virtual' as opposed to a 'plastic' card).
It's more important to guys like me who don't have an international credit card and thus are not able to make use of different offers and deals.
It’ll get more intense once you hit 90 days past due, and your available credit will get cut off at some point.
Then there’s the interest you’ve incurred on your original debt by now; you will definitely owe more than when you first missed the payment.
This is why running away from credit card debt isn’t the answer. If you have trouble paying, it can help to be proactive: Reach out to your creditor to work out a solution to the problem (like a payment plan, for example), and hopefully you can avoid a credit disaster.
A virtual credit card (VCC) behaves the same way as a traditional credit card does.