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Report: Google to Launch Credit Card for Google Wallet

By - Source: Android Police | B 3 comments

Google wants to reduce your wallet to just a phone and a single card.

The idea behind Google Wallet is that you can, theoretically, leave your wallet at home and pay with just a tap or wave of your smartphone. However, in reality, we're still a ways a way from that being the norm. Many places don't yet have tap and pay technology and still require you pay with cold hard cash or plastic. Google is apparently considering a physical Google Wallet credit card that you can use in stores that don't have tap and pay.

 

Android Police cites a tipster in reporting the card would be linked to the default card on your Google Wallet account and purchases would be charged to that. However, screenshots sent to the site say you can add multiple cards to the card (via the Google Wallet app) and then select the one you want to pay with in store. One card to rule them all, so to speak.

Additional features coming to Wallet include the ability to withdraw and deposit money from a Wallet balance, person-to-person transfers, and transit cards. While Android Police's source didn't say anything about when Google would launch these new features, he was able to order a Google Wallet credit card to his house via the app, so we'd say it's almost ready to launch. Stay tuned!

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Display 3 Comments.
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  • 2 Hide
    noblerabbit , November 2, 2012 2:05 PM
    Google, if you can give us all pre-approved $10,000 Line of Credit, as you do free 10GB inbox, I will gladly use your wallet :D 
  • 0 Hide
    amdwilliam1985 , November 2, 2012 2:30 PM
    Awesome, one credit card as a aggregator of all credit cards.
    I assume it also has all of the protections that Google Wallet app provides.
    Looking forward to it, I like/want to support Google, they're so much better than the other tech giants.
    The only concern I'm worry about is my cash back rewards, do I get the same kind of cash back that my Chase Freedom provides to me?
  • 0 Hide
    f-14 , November 2, 2012 3:40 PM
    Quote:
    One card to rule them all


    with the addition of a small nominal fee per swipe eventually there could be one google bank to replace them all as well.

    while i'd like to see the 'too big to fails' get run into the ground and out of business for their intentional misuse of gramm leach bliley act pot smoker slippery willy clinton signed into law despite out right objections back in 1999 from his own party about corporations willfully repeating the 1930's greed and expecting to profit from it thanks to FDIC laws.

    after seeing those banks profit from it 3 times in new bankruptcy laws bush signed in 2005 to protect creditors with mandatory repayment, insurance payments and FDIC bail out as well as the government bail out and getting the properties back from the government for pennies on the dollar of all the toxic loans they made and unloaded just so they can start the whole process over again with new victims.

    if i were google i'd want to get in on the legalized manipulation and theft too! what better way to start that than with google wallet even if google doesn't charge a fee they can start matching hard actual purchase data and spending habits to web data they collect thru browsing and that data will be worth almost every penny held in a bank.

    at such a point they accumulate enough money from this i really believe google will start their own loan/bank system.
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