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New Contributor
QuantumCredit
Posts: 64
Registered: ‎11-21-2012

Google Wallet and Rewards

I got a Galaxy Nexus from Google a few months ago and was planning on putting all my cards on Google Wallet and using that, until I learned that the system uses a vitual proxy card that each transaction is put on and then Google charges an equal amount on the card that you chose for that transcation, which seems like a deal breaker because 1) you will not get any merchant-specific rewards which all my cards use and 2) you won't even see on your statement anything but Google transactions which is just silly.

 

So my question is - is this indeed the case or have they made progress toward this where some cards can be directly used? Has anyone used Google Wallet and can comment on the rewards issue? Would my BCP, Cash+ and Freedom recognize the merchants or just see a Google transaction and give me the 1%? Does anyone have any info on the system potentially working directly in the future? It seems like it would be convenient (although I'm not sure if flipping between cards on the screen would be quicker than just grabbing the right card) and I'd like to give it a shot but until they make it direct there's no reason for anyone really to prefer it to traditional use.

Established Contributor
ccnewcc
Posts: 560
Registered: ‎09-29-2012

Re: Google Wallet and Rewards

Well I know that Citi has recently been promoting their newfound relationship with Google Wallet.  So maybe Citi has figured out the rewards thing with Google....or maybe not, maybe it is just for their non rewards cards.

 

I do know that Google wallet makes it very apparent that rewards may not be rewarded if using Google Wallet.  Sort of, proceed with caution warning from google.

 

I would expect that in the future the rewards thing won't be a problem.  but right now it is.  

Frequent Contributor
SwampSystems
Posts: 358
Registered: ‎06-25-2012

Re: Google Wallet and Rewards

[ Edited ]

QuantumCredit wrote:

I got a Galaxy Nexus from Google a few months ago and was planning on putting all my cards on Google Wallet and using that, until I learned that the system uses a vitual proxy card that each transaction is put on and then Google charges an equal amount on the card that you chose for that transcation, which seems like a deal breaker because 1) you will not get any merchant-specific rewards which all my cards use and 2) you won't even see on your statement anything but Google transactions which is just silly.

 

So my question is - is this indeed the case or have they made progress toward this where some cards can be directly used? Has anyone used Google Wallet and can comment on the rewards issue? Would my BCP, Cash+ and Freedom recognize the merchants or just see a Google transaction and give me the 1%? Does anyone have any info on the system potentially working directly in the future? It seems like it would be convenient (although I'm not sure if flipping between cards on the screen would be quicker than just grabbing the right card) and I'd like to give it a shot but until they make it direct there's no reason for anyone really to prefer it to traditional use.


The transactions show up on the statement prefixed with GOOGNFC* or GOOGLE* followed by the normal merchant name. NFC purchases do show up under the correct merchant category on my Discover More statement.

 


 

EDIT: More info:

 

* A McDonald's purchase on my Amex BCE through Wallet showed up as Business Services with Google's address showing for the merchant.

* A Coke vending machine purchase made on my Chase Sapphire Preferred through Wallet did show up as a Restaurant purchase under Blueprint.

* A CVS purchase made on my Discover More through Wallet did show up as a pharmacy under Merchandise category.

Valued Contributor
trumpet-205
Posts: 2,177
Registered: ‎11-11-2010

Re: Google Wallet and Rewards


SwampSystems wrote:

EDIT: More info:

 

* A McDonald's purchase on my Amex BCE through Wallet showed up as Business Services with Google's address showing for the merchant.

* A Coke vending machine purchase made on my Chase Sapphire Preferred through Wallet did show up as a Restaurant purchase under Blueprint.

* A CVS purchase made on my Discover More through Wallet did show up as a pharmacy under Merchandise category.


That is because AMEX does NOT use MCC (which defines what category a purchase is in, developed by Visa and MasterCard). Not surprised that Discover coded the transaction correctly, given they signed an agreement over this.

 

AMEX is against Google Wallet to begin with, instead AMEX opt for Isis.

 

In My Wallet:
Citi Forward (12/2010) | Citi TY Preferred (05/2011) | Chase Freedom (11/2011) | GECRB/PayPal (05/2012)
Discover it (07/2012) | AMEX BCP (09/2012) | TD/Target REDCard (10/2012) | Chase Ink Classic (11/2012)
BofA BBR (04/2013) | FNBO/Overstock.com (02/2014) | Barclaycard Arrival (04/2014) | FIA/Fidelity AMEX (04/2014)

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