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New Gen Credit Cards

Updated on June 3, 2010

new gen credit cards

After the globalization and sudden development in the various sectors the banking sector also much revolutionized in using the latest technology. Now a days many of us use multiple credit cards from various banks and brands and every time the card expires, the plastic become zero valued and adds to the trash. We have many options to use the card at the same time it generates much confusion also. Practically just assume that a card got expired, either you have to surrender it or carefully break it in to pieces as advised. One has to track the new one whether reached us or not and at the time of change of address, we have to provide letters as many times as our number of cards. It is very difficult to handle with our single hand all the financial tracking and re-payments etc. So do the numerous receiptsthat we accumulate after swiping our credit cards.How the idea of having a single card against all the cards that one has. I guess this is very nice idea and easy to handle - its not a dream!

The fundamental of the One Card is quite simple; it wants to eliminate the trash (and resolveissues like identity theft via discarded expired credit cards) by proposing to be thisall-credit-cards-in-one device. On one end of the gadget is a Memory Card Slotthat will help the user uploads their various CC Details.

The other end has a turning-knob that allows one to choose the appropriateCredit Card to be swiped. The display on the device reflects an identical copyof the CC front, while the strip on the back mimics a CC’s magnetic strip. Oncethe transaction is completed, the receipt generated is displayed on the device(no paper receipt) and the info gets stored on the memory card.

The concept is pretty clear in what it wants to achieve, namely combine allcards that a person uses under one umbrella, reduce generation of paper/plastictrash, identity security etc. The only block is the compatibility with variousbanks and the willingness of people to rely on a gadget for daily CCtransactions. Yes, we do use online, virtual services, but something like thisis quite different.

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    • theindianblues profile imageAUTHOR

      theindianblues 

      8 years ago from Some where on the Globe

      Thank you DREAM ON for stopping by and sharing your thoughts with us. I too agree with your thought.

    • profile image

      Sri Charan 

      8 years ago

      Great idea - worry free effort and no need to carry and keep track of the credit limit and mostly the password and PIN numbers. Thanks for bringing up this good info.

    • profile image

      N V S Sharma 

      8 years ago

      Awesome thought. Hope it reaches fast to all the corners of the globe. Hassle free concept and no need to carry all cards along with. Nice Hub.

    • DREAM ON profile image

      DREAM ON 

      8 years ago

      It is amazing what the future brings.Lots more wallet space.Just when you thought spending was easy with the credit card.Now it got even easier.Nice informative hub.

    • theindianblues profile imageAUTHOR

      theindianblues 

      8 years ago from Some where on the Globe

      Bed Bug - Thanks for visiting the hub and passing your thoughts.

    • theindianblues profile imageAUTHOR

      theindianblues 

      8 years ago from Some where on the Globe

      Thanks a ton ExpandYourMind for vising the hub and leaving your thoughts. I too agree with you and look forward to have this facility to avoid all those hassles.

    • Bed Bug profile image

      Bed Bug 

      8 years ago

      Excellent! Then henceforth no hassles to carry all the credit cards and memorize all those passwords. Finally there is a chance to choose the card. How ever, how do we handle the ATM with drawls, since it looks little bulky?

    • ExpandYourMind profile image

      ExpandYourMind 

      8 years ago from Midwest USA

      Good idea. A single card would work well. Now, if I can just get all my passwords organized!

    • theindianblues profile imageAUTHOR

      theindianblues 

      8 years ago from Some where on the Globe

      Thank you all for your kind consideration to read the site and sharing your thoughts and feeling with me.

    • chennairav profile image

      chennairav 

      8 years ago

      Good news then and we will have to carry a single card! Sounds very nice but I would like to have a card which should not send any statement and followed by a payment!!

    • suny51 profile image

      suny51 

      8 years ago

      yes a single card is the best option ,but then they come with so many alluring ideas that make things complicated,no?

    • smartchick profile image

      smartchick 

      8 years ago

      Wow! Its amazing!! Nice information and if it comes in to use, we will be free from all those issues as listed off. Thanks for sharing.

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