If you are looking for a convenient and affordable way to make online payments in foreign currencies, you might want to consider getting a Kuda virtual dollar card.

A Kuda virtual dollar card is a digital card that you can create and use on the Kuda app, a mobile banking platform that offers various financial services for Africans.

In this article, I will review the features, benefits, fees, and security of the Kuda virtual dollar card and help you decide if it is the right option for you.

What is a Kuda Virtual Dollar Card?

A Kuda virtual dollar card is a naira-denominated Visa card that you can use to pay for goods and services online in any currency, including US dollars.

You can create a Kuda virtual dollar card on the app in minutes, without having to visit a bank or open a domiciliary account.

You can also fund your card with naira from your Kuda account or any other bank account, and the app will automatically convert it to dollars at the current exchange rate.

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How to Get a Kuda Virtual Dollar Card

Getting a Kuda virtual dollar card is easy and fast. Here are the steps to follow:

• Download the Kuda app from the Google Play Store or the App Store and sign up for an account.
• Tap on Card on the menu at the bottom of your screen.
• Tap on Request a Card.
• Tap on Get a Virtual Card.
• Confirm with your transaction PIN, fingerprint, or Face ID.
• Create a PIN for your virtual card, confirm it, and tap Next.
• Tap Okay.

You will see your virtual card details on the screen, including the card number, expiry date, and CVV. You can also view your card balance and transaction history on the app.

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How to Use a Kuda Virtual Dollar Card

You can use your Kuda virtual dollar card to pay for anything online that accepts Visa cards, such as shopping sites, streaming services, gaming platforms, travel bookings, etc. You can also use it to pay for subscriptions and recurring payments. To use your Kuda virtual dollar card online, simply enter your card details as you would with any other Visa card. The app will deduct the equivalent amount in naira from your Kuda account and send you a notification.

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Benefits of Kuda Virtual Dollar Card

There are many benefits of using a Kuda virtual dollar card for your online payments. Some of them are:

• Convenience: You don’t need to go to a bank or open a domiciliary account to get a virtual dollar card. You can create and use it on your phone anytime, anywhere.
• Affordability: You don’t have to pay any monthly or annual fees for your virtual dollar card. You also get competitive exchange rates and low transaction fees compared to other options.
• Security: Your virtual dollar card is protected by a PIN and biometric authentication. You can also freeze or delete your card anytime on the app if you lose it or suspect any fraud.
• Flexibility: You can create multiple virtual dollar cards for different purposes and manage them on the app. You can also set spending limits and expiry dates for each card.

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Fees for Kuda Virtual Dollar Card

The fees for using a Kuda virtual dollar card are minimal and transparent. Here are the fees you need to know:

• Card creation fee: N500 (one-time fee)
• Funding fee: 1% of the amount funded
• Transaction fee: 0.5% of the amount spent
• Currency conversion fee: 0% (Kuda uses the official CBN rate)

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Security of Kuda Virtual Dollar Card

Kuda takes security seriously and ensures that your virtual dollar card and personal information are safe and secure. Some of the security features of Kuda are:

• Encryption: Kuda uses 256-bit encryption to protect your data and transactions from hackers and unauthorized access.
• Authentication: Kuda requires you to verify your identity with your BVN and phone number when you sign up. You also need to enter your transaction PIN, fingerprint, or Face ID every time you use your virtual dollar card.
• Regulation: Kuda is licensed by the Central Bank of Nigeria (CBN) as a microfinance bank and complies with all regulatory standards and requirements.
• Customer support: Kuda has a dedicated customer support team that is available 24/7 via phone, email, chat, or social media. You can contact them anytime if you have any issues or questions about your virtual dollar card.

Conclusion

A Kuda virtual dollar card is a great option for anyone who wants to make online payments in foreign currencies without hassle or high fees. It is convenient, affordable, secure, and flexible.

You can create and use it on the Kuda app in minutes and enjoy the benefits of a digital banking platform that offers various financial services for Africans.

If you are interested in getting a Kuda virtual dollar card, you can download the Kuda app and sign up for an account today.