Digital Credit Cards

DIGITAL CREDIT CARD



WHAT IS IT?

The biggest question I get about the topic is… “WTF is that?” Well to make it simple, it is a single credit card like device that can store multiple cards on it at a time.



WHY WOULD I WANT ONE?

I found that one of the biggest problems with my wallet is that it has 20-25 cards at any given time. Now you might be asking, why would you have 25 credit cards… I do not. I have a couple of credit cards, a debit card, auto insurance card, AAA, health insurance card, a few gift cards, some rewards cards, license, etc. Before I knew it, my wallet is over stuffed and looks terrible no matter where I have it. When I wear a suit I resort taking most things out of the wallet to avoid it bulging out. However, I often find myself regretting not having the few cards I left behind. With the help of a digital credit card, I am able to carry a license, digital credit card and a backup card yet have ALL my cards on me.



WHO ARE THE MAJOR PLAYERS?

The field is fairly new for now. However, there are a few players that stand out. Coin 2.0 is the current market leader and Plastc which is the card that seems to have the best card, but has trouble finally getting it to market. Coin 2.0 has been available for some time now (well over a year) while Plastc keeps setting dates for release but keeps moving dates due to various issues within supply chain. Plastc says now that they plan to release it either August or September 2016 and I certainly hope they do – it seems like a worthy competitor. There are others but they’ve not made a splash large enough for you to care.



WHAT MAKES A GOOD CARD?

Well I would look for the following features in order to consider it a good digital card:

Wireless charging – preferably a non-proprietary standard

Touch screen – while buttons are ok, being able to swipe to select is premium

Battery life of at least two weeks – I would hate to have to think about recharging this thing any more than that.

Chip on card – many cards today have chips on them; this feature would be required to be fully compatible with most modern cards.

RFID – it would be nice to be able to use the card as your RFID entrance key as well

NFC – for proximity payments



WHAT DOES IT LOOK LIKE?

coin20 plastc



FINAL DECISION

While Coin 2.0 is nice and is available right now, the e-ink touchscreen on Plastc is making me hold off for now until I can see it in real life. I am a little put off by Plastc’s use of proprietary charging.



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