Ordering my Smart Wallet
If you looked in my wallet right now, there are 7 to 8 credit cards in it. There are many more I keep in a drawer that has them all organized. I’m always evaluating which cards are in my rotation (5% this quarter, 3x points at this store, etc) and which ones need to sit on the bench for a little bit. There is some great technology out there that allows you to put all your cards onto one device. They all have similarities and they have their minor differences. I had my selection down to 2 cards, but I finally bought one! Which one did I pick?
One common theme for most of these “all-in-one” cards is they link to your smart phone. If you leave your smartphone behind, have it stole or misplace it, then your new card could be wiped clean until you sync it again with your smartphone. I think that is great because it makes it safer, in case someone steals your card. I usually have my phone on me, but occasionally I like to leave it at home.I had been leaning toward Plastc, which is a smart card that holds up to 20 cards on the device and has an e-ink reader, similar to the Kindle. It has an EMV Chip (it will need a software update before it works) and requires a PIN to access your cards. It still hasn’t shipped and after reading about Coin, I was a little hesitant to pre-order.
Plastc requires your smartphone to be nearby. If your phone is out of range for a certain amount of time (from what I’ve read you can select an amount of time), then it wipes clean until you resync your card to your phone.
I think Plastc will be good, if/when it comes out, but Plastc has been very slow with updates and gives very vague answers to questions. I think they need to improve on their communication with customers, this was a big reason I didn’t pre-order Plastc
I had signed up to be on the Wallaby Card wait list, for their all in one card. I like what Wallaby does and I was looking forward to their Wallaby Card. A couple of months ago, Wallaby sent out emails saying they had partnered with Wocket Wallet with hopes of integrating Wallaby’s (here’s my article explaining Wallaby) features into the Wocket Wallet.I had not heard of the Wocket Wallet until that email, but I started to look into it. When I started my research on it (hours of videos and articles read!), I saw it was a stand alone device! It does not need a smartphone at all to function and it held up to 10,000 cards (guess I need more cards 🙂 ). This included debit cards, credit cards, cards that scan, loyalty cards, etc. I liked the thought of having all my cards on 1 device.
The security features of requiring voice or PIN to unlock is great. Being able to categorize my cards is awesome! Since there are no physical numbers on the card, I’m not worried about my information being skimmed, so I will actually have a debit card and my Target Redcard loaded onto the Wocket Wallet as well! It has about a years worth of battery before you need to recharge the Wocket. If shopping online you’ll be able to see all of your information on the front of the Wocket to complete your transaction.
The features all seemed really great and I was getting really excited to order it. They were actually shipping their products to their pre-order customers and I was told everything was on track. So far, everything they have told me has been true and they answer questions quickly and I feel honestly.
The one BIG negative I saw in this card, which made me rethink if this was the all-in-one card for me, there is no EMV Chip. Later this year, it is going to be a requirement to help increase safety for consumers. I reached out to them, asking for information about that. I was told they are working on a solution. Since everything else they have done/told me has been correct, I’m hoping this too stays true.
I think Wocket Wallet will figure out the EMV Chip issue and it will become an even better product. I am a big fan of Wallaby and I am really looking forward to their integration into the Wocket Wallet.
I have ordered my Wocket Wallet and I am in line to have it shipped to me. I am eagerly awaiting its arrival to use it! I look forward to thinning out my wallet, while accessing all my cards to make sure I earn the most on every transaction!
Once I receive my Wocket Wallet and I use it for a little while, I ‘ll revisit this and review it.
Have you looked at an “all-in-one” card? Would you ever consider buying a Wocket Wallet?