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Coin - one Card for all cards

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IwantCSP
Established Member

Coin - one Card for all cards

 

Has anyone heard about this? It's a single card that you can add your other cards on and then just choose which card you want to use before you make the payment.

 

The website is https://onlycoin.com

 

and heres a little video on youtube about it:

 

 http://youtu.be/w9Sx34swEG0

 

I'm thinking about actually getting it, just cause its kinda cool and I can take one or two cards with me instead of everything

Message 1 of 14
13 REPLIES 13
yudeology101
Senior Contributor

Re: Coin - one Card for all cards

http://ficoforums.myfico.com/t5/SmorgasBoard/Coin/td-p/2595699

http://ficoforums.myfico.com/t5/SmorgasBoard/Have-you-all-seen-Coin-replacement-Credit-Card-Device/t...

http://ficoforums.myfico.com/t5/SmorgasBoard/Consolidate-all-your-physical-cards-into-one/td-p/25870...

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Message 2 of 14
IwantCSP
Established Member

Re: Coin - one Card for all cards

Those links are pretty outdated. I figured in the 4/5 months, something has changed since the last poster on those links.

Message 3 of 14
09Lexie
Moderator Emerita

Re: Coin - one Card for all cards


@IwantCSP wrote:

Those links are pretty outdated. I figured in the 4/5 months, something has changed since the last poster on those links.


Nope, nothing has changed since it was posted several times in the past. 

Message 4 of 14
Kenny
Moderator Emeritus

Re: Coin - one Card for all cards


@IwantCSP wrote:

Those links are pretty outdated. I figured in the 4/5 months, something has changed since the last poster on those links.


I can confirm what others have said --- absolutely nothing new. It's a terrible excuse for a website to get our hopes up like that. lol

Message 5 of 14
FKS1994
New Member

Re: Coin - one Card for all cards

IMO, wait for something better. This seems like a great idea but the presentation isn't as great as it seems. 1) I heard that the company terms state that they are not responsible for anything that happens to your card(s). 2) You have to purchase a new COIN every two or three years. There are many more problems but those are two that I've heard.

Message 6 of 14
cahiatt
Contributor

Re: Coin - one Card for all cards


@FKS1994 wrote:

IMO, wait for something better. This seems like a great idea but the presentation isn't as great as it seems. 1) I heard that the company terms state that they are not responsible for anything that happens to your card(s). 2) You have to purchase a new COIN every two or three years. There are many more problems but those are two that I've heard.


Not much different than cell phone technology. We keep buying those.

 

The COIN card comes with a one year warranty. They'll replace defective units in that time frame. You break it, lose it or damage it then you are no better off than you would be with any other electronic device. 

 

It was intriguing enough that I signed up for one when they first came out. Can supply updates when (if) I get it.




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Message 7 of 14
Shogun
Moderator Emeritus

Re: Coin - one Card for all cards

Wonder if it will work with the Chip and pin, or Chip and Signature.  I know I used my Citi at Walmart the other day, and they've started using Chip and Signature on those.

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Message 8 of 14
milkshakes
Regular Contributor

Re: Coin - one Card for all cards

they're probably experiencing a lot of issues security wise, managing implementation for people who don't want it too reliant on their phones, button being too sticky (heard that some demos have been a bit rough), advent of chip coming into the US, etc.

 

the announcement of chip by 2015 probably just ruined their business model.

      
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Message 9 of 14
BottomRanker
New Contributor

Re: Coin - one Card for all cards

It does not work with EMV.

Source:  https://onlycoin.com/support/faq/

 

1st gen Coin is dead on arrival.

Message 10 of 14
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