I'm not sure if you guys are familiar with Google's recently announced mobile wallet but it is something I am extremely skeptical of.Google Wallet - how it works
This past week I watched an hour long special on CNBC about computer security and a portion of it was all about security, or lack thereof, with cell phones and tablets. The transmissions can be easily hacked. They did a demonstration in Times Square where to guys using nothing more than a laptop, a $50 antenna, and free software were able to intercept and hack into Gmail accounts.
As if that wasn't scary enough, they talked about how there are dangerous trojans that ciphon off login data on financial websites. Even if you take all the security precautions on your end, to install all someone has to do is get physical possession of your phone. Think of the possibilities when you hand your phone with Google Wallet off to a random waiter to go out of sight to ring you up? Not to mention, the dangers of mixing up your phone with others, dropping it, spilled something on it and the list goes on.
And perhaps the biggest reason- I don't think anyone would associate the word "reliability" with "cell phone." Your wallet needs to be reliable and phones are far from that.
Disclosure: I am a moderator/paid staff of this site, which does have advertising relationships with some credit cards that are discussed and linked to. Regardless, anything I say is my honest opinion.
Current Cards: American Express:
Blue Cash, Simply Cash Bank of America:
WorldPoints Platinum Plus Chase:
Amazon, British Airways, Cash Plus Rewards, Freedom, Ink Cash Citi:
Thank You Premier, Dividend Platinum Select Discover:
MorePrimary Everyday Card: American Express Blue CashPrimary Travel Card: Chase Sapphire Preferred