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Google Shutting Down Wallet Card

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Re: Google Shutting Down Wallet Card

#131

Post by freehunter »

awinder wrote: post #101
spyspy wrote: post #96

Earlier quoted context omitted.

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.

I could say horrible things about them. Like when I was in school and my student loan disbursement came on a Bancorp debit card, and they charged me money to withdraw funds. Yup, if I wanted to buy books with my student loan disbursement, I got charged bank fees on money I got from a loan and paid interest on, and had absolutely no choice in the matter.

Yeah it was my school's decision, but that doesn't excuse Bancorp from offering a product that is designed specifically to cheat people out of their money.

Re: Google Shutting Down Wallet Card

#132

Post by dublinben »

seanp2k2 wrote: post #71
dheera wrote: post #43

The Wallet Card was invented for places that don't take Android Pay, to pay in the form of a regular credit/debit card. Unfortunately, this is useless because it is the same level of (in)convenience as a credit card, and doesn't offer the 2-5% cashback that all the other cards I have do. Even if a store accepted NFC-based Android Pay, I'd probably still opt to pull out my plastic card for the cashback and consumer pr…

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%.

I have an old Citi Forward card that offers 5% back on all restaurants and bookstores (including Amazon).

Re: Google Shutting Down Wallet Card

#133

Post by kilroy123 »

Animats wrote: post #73
blakesterz wrote: post #2

hmm, not even sure what that was. I know this sounds like sour grapes complaining so feel free to read it in Verruca Salt's voice if you want... This is why I am scared to try anything new from Google. I know why they do it, I know how they do things, I totally get it, but it does not make it better. I know they like trying new things. I know they're not afraid to get rid of things that aren't performing like they wa…

Then there are the "lingering death" products, such as Google Voice. Google bought that from Grand Central in 2009, and it's still basically Grand Central. There's a running joke about Google Voice acquiring an API that's been in a bug report for five years now. I think there's a phone interface feature associated with Google Hangouts. ("Google Hangups?") But it probably requires that everyone you talk to have a Goog…

God I really hope they don't kill off Google Voice, I use it daily!

Re: Google Shutting Down Wallet Card

#134

Post by tacostakohashi »

rkho wrote: post #106
spyspy wrote: 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.

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.

Lots of love happening for Schwab here - but it's more or less the same with Fidelity, Morgan Stanley, etc - ATM rebates for any ATM, no fees, free checking / checkbooks, etc.

A cheat code is a nice way of describing how refreshing this is in comparison with the standard bank business model of offering some fairly limited basic checking account as a loss leader, then constantly trying to upsell you on every other kind of product / account imaginable, trying the overdraft protection scam on you, ATM fees, checkbook fees, etc, etc.

It's a wonder they can stay in business.

Re: Google Shutting Down Wallet Card

#135

Post by tehwebguy »

dublinben wrote: post #132
seanp2k2 wrote: post #71

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%.

I have an old Citi Forward card that offers 5% back on all restaurants and bookstores (including Amazon).

Until June 4th (FYI)

Re: Google Shutting Down Wallet Card

#136

Post by tehwebguy »

seanp2k2 wrote: post #71
dheera wrote: post #43

The Wallet Card was invented for places that don't take Android Pay, to pay in the form of a regular credit/debit card. Unfortunately, this is useless because it is the same level of (in)convenience as a credit card, and doesn't offer the 2-5% cashback that all the other cards I have do. Even if a store accepted NFC-based Android Pay, I'd probably still opt to pull out my plastic card for the cashback and consumer pr…

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%.

In addition to the ones mentioned here Wells Fargo has a card with 5% back at grocery stores for the first 6 months and the Chase Ink+ gets 5x at office supply stores and a few others.

Re: Google Shutting Down Wallet Card

#137

Post by 2arrs2ells »

spyspy wrote: post #96
jessriedel wrote: post #83

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.

I switched to Ally for checking & savings a year ago, and I absolutely love it. Best mobile & web UX I've seen from a bank, best interest rates out there, ATM fee reimbursements, and easy mobile check deposit.

Their finances seem relatively healthy: http://www.bankrate.com/rates/safe-sound/memorandums-memos.a...

Re: Google Shutting Down Wallet Card

#138

Post by hga »

itcrowd wrote: post #29
dogma1138 wrote: post #21

Am I the only one who hears about like 75% of Google's products for the first time only when they issue EOL/EOS notices?

You're not the only one, which is exactly the problem. PS: I've never heard of this service either.

Of course, many of us have stopped promoting new Google services because we've seen the fate of too many. Among other things, we don't want to have Google's increasingly bad reputation for this rub off on us.

Re: Google Shutting Down Wallet Card

#140

Post by jrockway »

trevorg75 wrote: post #128
sync wrote: post #97

Earlier quoted context omitted.

-1 for Simple. Not refunding ATM fees is ridiculous for a bank that has no physical ATMs. Also, things like this: "Your Simple Visa® Card will not function on August 6th from 2:00 - 9:00 am EST"

They have ATMs everywhere. And newsflash traditional banks cards do the same thing, they are just less transparent about it.

My bank pays me back for all ATM fees, even ones in other countries.

(I use Schwab, mostly because my "equity awards" were there and I don't need a physical bank.)

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