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Google Shutting Down Wallet Card

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101–110 of 179 posts

Re: Google Shutting Down Wallet Card

#101
post #96

Earlier quoted context omitted.

> It's a bank startup which doesn't have physical locations There's got to be more to it than that, right? There are lots of internet-only banks. I use Ally. http://www.gobankingrates.com/banking/10-online-banks-2015/

Ally's interest rates are tempting, but the fact that it's just GMAC with some new makeup is very off putting.

Simple is "just Bancorp" which you could probably say equal things about.

Re: Google Shutting Down Wallet Card

#102
post #93

Earlier quoted context omitted.

It's a bank that only lives on the internet. I am actually surprisingly happy with them as my only bank.

Having been a customer of Charles Schwab for several years at this point, I've never seen the appeal of Simple. I get better interest rates, fantastic customer service, unlimited ATM rebates and a host of brokerage services, all for free.

Fellow Schwab customer here. Unlimited ATM rebates has been great. I was surprised at bow nice it felt to whip out my Schwab card next to the scary little free-standing ATM machine at the cash-only shop with some ridiculous $4.00 ATM fee. Felt like a cheat code.

Re: Google Shutting Down Wallet Card

#103
post #93

Earlier quoted context omitted.

Having been a customer of Charles Schwab for several years at this point, I've never seen the appeal of Simple. I get better interest rates, fantastic customer service, unlimited ATM rebates and a host of brokerage services, all for free.

Fellow Schwab customer here. Unlimited ATM rebates has been great. I was surprised at bow nice it felt to whip out my Schwab card next to the scary little free-standing ATM machine at the cash-only shop with some ridiculous $4.00 ATM fee. Felt like a cheat code.

Try it at a casino. You'll feel like you're robbing the place.

Re: Google Shutting Down Wallet Card

#104
post #75

Earlier quoted context omitted.

Where are you getting 5% cash back? Highest I've seen is Chase Sapphire with their points which are worth 2-3%. Highest straight cash back I've seen is Citi DoubleCash at 2%.

Chase Freedom has 5% cash back on certain categories that change throughout the year.

How does that work? If credit card fees are well under 5%.

Re: Google Shutting Down Wallet Card

#105
A bit off topic but is anyone annoyed with how cards with RF are being replaced with a chip card? I don't know why card issuers are doing that. Mobile devices increasingly have NFC for contactless payment, so why would the card issuers roll that back in favor of chip only?

Re: Google Shutting Down Wallet Card

#106
post #93

Earlier quoted context omitted.

It's a bank that only lives on the internet. I am actually surprisingly happy with them as my only bank.

Having been a customer of Charles Schwab for several years at this point, I've never seen the appeal of Simple. I get better interest rates, fantastic customer service, unlimited ATM rebates and a host of brokerage services, all for free.

Schwab is fantastic. Their service is top-notch and I'm really glad I'm no longer with Chase. I once accidentally rated an online chat interaction lowly, and received a follow up call by a concerned manager less than a day later.

Re: Google Shutting Down Wallet Card

#107
post #105

A bit off topic but is anyone annoyed with how cards with RF are being replaced with a chip card? I don't know why card issuers are doing that. Mobile devices increasingly have NFC for contactless payment, so why would the card issuers roll that back in favor of chip only?

In an attempt to corner market or security, possibly both?

Re: Google Shutting Down Wallet Card

#109

One of my favorite things about the Wallet Card was the design. Having a clean front that always surprised people that haven't seen one before. I'd always get comments on it and asked if I worked at Google haha RIP YetAnotherGoogleService

It was the first time I saw one like this, but not the last. Citi has a flavor of card designed like this now, only thing on the front is the EMV chip and the logo.

Discover has been doing this for a long time too.

Re: Google Shutting Down Wallet Card

#110

This is the first of Google's product cancellations that will affect me personally. My wife and I have been using Google Wallet cards for budgeting - we transfer our spending money to the cards each week to help track our spending. Honestly there's no reason Google Wallet was superior for this - I expect Simple will solve our problems better anyway. Should have seen this coming when they split it off of Android Pay.

It's a UI layer on top of an old-fashioned bank. It offers worse rates, perks, benefits and service than Ally, Schwab or Fidelity. Good if you want something pretty on the side, I suppose.
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