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Established Contributor
laboi_22
Posts: 634
Registered: ‎07-07-2011

What Will We Do When Credit Cards Become Non-Existent

I know I love to get my new credit cards in the mail. I've even (no I'm not ashamed to say this) applied for cards because I wanted them for the way the look. I would never use a card that I thought was ugly. With that said I'll miss traditional credit cards when they leave. I was watching a new article on tv and they have been talking about cell phones as the new way to pay with your credit accounts. It's not here yet, but it's coming. A few weeks before the TV segment, I was in line at Starbucks and the car in front of me paid by handing the woman at the window her phone. 

 

Here is a link to an article but there are many more just google: http://reviews.cnet.com/8301-13970_7-20032840-78.html

 

Oh how I don't want to loose my beautiful credit card collection and put at virtually into my mobile phone!! What about you......??

Current Scores: EX - 728 FICO (5/11/13) TU - 771 FICO (7/02/13) EQ ??

Current Cards: Chase Freedom $5,000, CSP $5,700, BofA Visa Signature $15,000, AMEX BCE $6,000, Walmart $4,150, Gap Visa $10,000, JC Penny $5,800, Lowes $8,500, Dillard's AMEX $8,000, AMEX Hilton HHonors - $2,000, Chase United $12,000, Citi AAdvantage & Simplicity $6,000/$6,000, SPG AMEX $1,000
Established Contributor
lithium78
Posts: 929
Registered: ‎07-30-2011

Re: What Will We Do When Credit Cards Become Non-Existent

I'm not sure if mobile phone payments will ever really take off.  Who wants to hand their $500 phone over when buying something?  Plus I'm not sure how secure of a payment system it will be or if someone will figure out how to hack your mobile phone.  It feels too risky to me.


Starting Score: TU: 566
Current Score: TU: 741 (Discover FICO); EQ: 755 (MyFico) EX: 774 (FAKO)
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Established Contributor
Koop10010
Posts: 731
Registered: ‎02-15-2012

Re: What Will We Do When Credit Cards Become Non-Existent

I don't see the physical cards going away any time soon.  There are still plenty of people who don't even have smart phones.

FICOs (2/24/12): EX 752, EQ 740
Chase Sapphire Preferred, Freedom; American Express PR Gold, Blue Cash Everyday
Valued Contributor
creditnocash
Posts: 2,187
Registered: ‎07-23-2012

Re: What Will We Do When Credit Cards Become Non-Existent

this is the same concept with carrying cash. 

after so many years its hasn't gone away yet (not that it won't someday)

Current: Discover Fico 689 7/14 Walmart Fico 682 7/14

Inquiries (24 Months): EQ 6 TU 3 EX 4 | Most Recent: 09/04/2013
2 Inquiries in The Last 12 Months


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