One of the most amazing tech products that came last year was none other than Apple Card. The company said that this would help Apple customers to make them smarter to take the financial decisions with the help of a spontaneous app. The Apple Card was an interesting idea, but it is normally a cash-back credit card. Recently, a new report came, and some images are also leaked, which tells that Google is also developing the same product, which is temporarily named Google Card.
A report of TechCrunch says Google Card as a smart debit card. Most of the ideas are the same from the Apple Card, but the Google Card is different as it is a debit card. This card is a physical and virtual card, which is also on Google Pay, similar to any other card that the user adds on the app. The main difference between the Google Card and other credit/debit cards is the coordination and also the details of financial tracking.
Same as debit cards, the Google Card will also be linked to a checking account. The users can access the account to check their balance, track their purchases, add money, lock it, and some other new features on a new Google app. The card will be co-powered by the bank partners like CITI and Stanford Federal Credit Union. The leaked images also show some other details.
The card is white in color, which also has the logo of the partnered bank and Google. It is a chip card on the Visa network, but there can be some other networks too. The card design might not be the final design but, right now, the existing design has an unusual blue and green dot pattern. The most important is the app experience, which will make Google Card different from any other debit card.
The app will show the recent transactions, sender, and date details. As it is Google, so there will be a lot of information available also. The users can see the location of the purchase on a map. If the user lost his card or any foul play is there, then the user can lock his card immediately from the app and also able to order a replacement. The virtual card will continue to be active as it will have a different number than the physical card.
In the app settings, the user can see the option of notification and privacy controls. The user has the option to decide what information he wants to share. People might not have the same trust for Google as they have for Apple. Right now, many people give their lot of personal information to Google, but if it comes to personal finance, then it is difficult.
Google Pay now replaces Google Wallet. Tech companies such as Google and Apple are better for making the software that is easy to use and understand. TechCrunch didn’t give the idea that when this product, i.e., Google Card, will become a reality.