31–40 of 49 posts
I requested an invite in September; haven't heard from them since. What's the rollout pace right now?
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I've always felt ambiguous about such card features because ultimately the way those features work is by exploiting vendors via interchange and other membership/hardware/transaction fees. Vendors, in turn, have to stay in business so they pass the cost onto the consumer. In the short term with small populations using these types cards, it wasn't a problem. As more and more people use these features, more and more pre…
Agreed, but it's hard to argue against the "you're already paying for it; why aren't you benefiting?" line of thought. That's what finally tipped me over to using rewards cards where I can.
It's easy to take a classic first-world view of the problem, where a relative minority of the world's consumers have much better access to credit (albeit somewhat abusive in terms) than the rest of the world. As countries like India and the African nations modernize, their populations have already shown incredible demand for electronic currency. The current system is entirely too expensive for them.
This is very well done. Usually I'm skeptical when a startup elects not to do the Android app themselves; it's often a sign that they don't really care about the platform. But in this case it's obvious that Two Toasters cares deeply, and I'm sure they weren't the cheapest option, so that shows that Simple cares as well. In the future it might be smart for startups whose care value isn't in the UI, to only do their we…
I thought the same thing initially. That they did not care about Android as much. After all this app is released over eight months after the iOS and on top of that it's outsourced? But according to Simple's official blog statement they actually consulted with TwoToasters and have their own Android team. https://simple.com/blog/Banking/announcing-simple-for-androi... Incidentally, their jobs page has an opening for an…
They see to have made a really nice custom styled app while still remaining true to modern Android conventions. Well done. It would be cool if banks could license their code (for a hefty fee) because the apps by banks here in thee Netherlands aren’t very good at all.
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If this is your game, you should consider making all purchases on a charge card that pays 1-5% on all purchases, the Costco Amex is the one I use.
The problem with credit cards is stuff like hidden (and not-so-hidden) fees, let alone the increased chances of falling into debt. And before someone interjects, if you're that guy, please spare me the "Well if you don't have the willpower..." or "I pay full balance every month..." arguments.
Minor rant: I requested an invite and got one but they didn't have an Android app and thus wouldn't let me sign up. They were supposed to send out another invite once the Android app was available. I'm probably just being impatient but I am actually really interested in trying their service.
I had the same reply at sign-up, but just happened to have an iphone I use for testing, so I signed up and just left the account sitting while I waited for an Android app.
I received an automated email from them about 2 months ago asking why I haven't logged in. I replied that I was waiting for an Android app (expecting nothing in return). I got a reply from someone within a day letting me know there would be an Android app early this year. He even responded to my follow-up email.
Just got the email from them today about the new Android app (automated, not from the same guy). At least from this history with them, I assume they'll start getting those re-invites out soon.
I am going to be in quite the conundrum when I get a Simple invite. On the one hand, I think what they're doing is awesome — for me, namely, the Safe-to-spend feature. I currently keep track of this in a not-so-accurate Excel spreadsheet and in my head. On the other hand, I currently use Perkstreet's debit card for everything and the 1% cash back adds up in a noticeably short period of time. I wonder if the 1% cash b…
Simple also don't offer any interest (nor a savings account) which grates a bit. Using Simple loses you money. It's not a "hidden fee", but it's a cost that isn't that clear. EDIT: There's also no outgoing ACH transfers yet, which I really would like.
Honestly though, what is Simple? Everyone else seems to know it.
It took me a while to figure out that Simple is actually a company name. That's like naming your company "Red", also an adjective. Honestly though, what is Simple? Everyone else seems to know it.