Mobile payments

For just about anything you want to get off your chest about credit cards.
12 posts
FutureBillionaire
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Mobile payments

Postby FutureBillionaire » Tue May 22, 2012 4:53 pm

What do you all think about using your phones to make purchases instead of your plastic credit cards?
Gas: Discover It, Penfed Platinum Rewards x2, Chase freedom, Citi TYP
Plane tickets: CSP
Groceries: AMEX BCP, Penfed Platinum Rewards,Citi TYP
Clothes: Express, Amex BCP, Discover IT
Amazon: Citi Forward, Cash +
Restaurants: Citi Forward, Chase Freedom, Discover IT, CSP
Hotels and other travel: Discover Escape, CSP
Movies: BofA travel rewards visa signature(fandango), Discover IT, Citi Forward, Freedom
Bars, clubs, tomfoolery: CSP, Citi Forward, Discover IT, Freedom
Balance transfers: Kroger 123 rewards
Bill Pay: Chase Ink Plus, Citi Forward
Everyday spending: Bofa Accelerated cash rewards amex, Discover Escape


DoingHomework
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Location: Arizona

Postby DoingHomework » Tue May 22, 2012 6:36 pm

FutureBillionaire wrote:What do you all think about using your phones to make purchases instead of your plastic credit cards?


It's a great idea but will be slow to catch on in the USA. I wrote a paper about it about 8 years ago and it was already in use in some places then. There are some technical issues but the major issue is who get the fees! Until that is resolved you won't see it spread. Just a couple of months ago Verizon announced it will block google wallet on their system -- why? Because they are fighting over who gets to charge the fees on the transaction.

FutureBillionaire
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Postby FutureBillionaire » Tue May 22, 2012 6:41 pm

I think it is scary that we will use one device for everything. It makes it very easy to control folks.
Gas: Discover It, Penfed Platinum Rewards x2, Chase freedom, Citi TYP
Plane tickets: CSP
Groceries: AMEX BCP, Penfed Platinum Rewards,Citi TYP
Clothes: Express, Amex BCP, Discover IT
Amazon: Citi Forward, Cash +
Restaurants: Citi Forward, Chase Freedom, Discover IT, CSP
Hotels and other travel: Discover Escape, CSP
Movies: BofA travel rewards visa signature(fandango), Discover IT, Citi Forward, Freedom
Bars, clubs, tomfoolery: CSP, Citi Forward, Discover IT, Freedom
Balance transfers: Kroger 123 rewards
Bill Pay: Chase Ink Plus, Citi Forward
Everyday spending: Bofa Accelerated cash rewards amex, Discover Escape

DoingHomework
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Location: Arizona

Postby DoingHomework » Tue May 22, 2012 7:04 pm

FutureBillionaire wrote:I think it is scary that we will use one device for everything. It makes it very easy to control folks.


Wow, I can't wait for that day! I already wish I could use my phone for a lot more stuff that it should be capable of! It should be my credit card, my parking pass, my garage door opener, my remote control, and everything else. And of course the battery should last for weeks!

FutureBillionaire
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Postby FutureBillionaire » Tue May 22, 2012 8:30 pm

Every single movement and transaction will be tracked. No thanks.
Gas: Discover It, Penfed Platinum Rewards x2, Chase freedom, Citi TYP
Plane tickets: CSP
Groceries: AMEX BCP, Penfed Platinum Rewards,Citi TYP
Clothes: Express, Amex BCP, Discover IT
Amazon: Citi Forward, Cash +
Restaurants: Citi Forward, Chase Freedom, Discover IT, CSP
Hotels and other travel: Discover Escape, CSP
Movies: BofA travel rewards visa signature(fandango), Discover IT, Citi Forward, Freedom
Bars, clubs, tomfoolery: CSP, Citi Forward, Discover IT, Freedom
Balance transfers: Kroger 123 rewards
Bill Pay: Chase Ink Plus, Citi Forward
Everyday spending: Bofa Accelerated cash rewards amex, Discover Escape

jeffysdad
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Postby jeffysdad » Tue May 22, 2012 8:58 pm

I don't have a smartphone and don't carry the phone I do have. Doesn't mean anything to me.
American Express: Blue Cash Preferred (groceries, 6%; gas, department store, 3%); Gold Delta SkyMiles (Delta Air Lines, 2 miles/dollar, free checked bag).
US Bank: Cash+ (utilities, phone, internet, restaurant, 5%; drugstores, 2%).
FIA Card Services: Fidelity Amex (everything, 2%); Fidelity Visa (everything, 1.5%).
Chase: Freedom (rotating, 5%); Amazon (Amazon.com, 3%); PriorityClub (IHG hotels, 5 points/dollar); Sapphire (not in use).

*All cards are registered with PriorityClub IDine program for 8 points/dollar at participating restaurants.

DoingHomework
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Postby DoingHomework » Wed May 23, 2012 8:17 am

FutureBillionaire wrote:Every single movement and transaction will be tracked. No thanks.


True, but most things you do already are. It's pretty much inevitable so why not enjoy the convenience?

Maximilian
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Location: New York

Postby Maximilian » Wed May 23, 2012 10:06 am

You're one smart man! Seriously... like FutureBillionare says, it's total control. As it is we are technology-dependent, anti-social and isolated from other human beings. That's the whole agenda.

DoingHomework
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Postby DoingHomework » Wed May 23, 2012 2:56 pm

Maximilian wrote:You're one smart man! Seriously... like FutureBillionare says, it's total control. As it is we are technology-dependent, anti-social and isolated from other human beings. That's the whole agenda.


Well Sir, you figured it out. Full disclosure - I am a plant sent here by the Elites to lull you all into submission. My job is to promote total dependence on technology so that when we take over you don't even realize it. You are so engrossed in your video games and internet forums that we can sneak up and get our team in place with minimal resistance.

Maximilian
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Postby Maximilian » Wed May 23, 2012 3:35 pm

DoingHomework wrote:Well Sir, you figured it out. Full disclosure - I am a plant sent here by the Elites to lull you all into submission. My job is to promote total dependence on technology so that when we take over you don't even realize it. You are so engrossed in your video games and internet forums that we can sneak up and get our team in place with minimal resistance.


You just said it like it is.



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