01-24-2020, 07:17 PM
I keep a slim wallet. Diver's license, my VA ID, 1 debit card, 1 credit card and some cash just in case I need it.
As for the OP question, with all the data breaches that are happening I'd rather not have all my information (bank, rewards, buying habits etc.) stored on one card or one single point of data. That would require offering up all that information to the company offering such a service to put it on one card. If there is a breach then everything, my whole life more or less, is compromised at one time.
Honestly I think that is what a lot of companies want you to do, like Apple Pay or Paypal for example. They want you to centralize everything so they can track your data and sell it. The other companies like your reward cards also sell everything and that is why they offer them. I'd never offer up all my card numbers, reward card numbers, etc. to just have one card via whatever service might offer it because I know it would just be a centralized data selling service.
The personal data market is a multi billion dollar industry. Facebook is a great example of getting people to come to one place, share their personal information at no cost to Facebook while selling that data. Companies have made billions doing nothing more than getting people to share their information via a free service. As they say, "If it is free then you are the product." A free card service that held all that data would be the same. And again there is the issue of a possible data breach having all your personal information like all credit cards numbers and bank info exposed at one time.
In the big picture I don't really care if my credit card company knows I just bought a new shower curtain on Amazon and sells that data. Which in turn Amazon also sells that data. I'd rather my purchases not help the company make more money for selling my data because I bought something from them since I paid for the product. But these days it is what it is and why prices in places like Amazon are often cheaper. A one card for all system would make it even worse.
As for the OP question, with all the data breaches that are happening I'd rather not have all my information (bank, rewards, buying habits etc.) stored on one card or one single point of data. That would require offering up all that information to the company offering such a service to put it on one card. If there is a breach then everything, my whole life more or less, is compromised at one time.
Honestly I think that is what a lot of companies want you to do, like Apple Pay or Paypal for example. They want you to centralize everything so they can track your data and sell it. The other companies like your reward cards also sell everything and that is why they offer them. I'd never offer up all my card numbers, reward card numbers, etc. to just have one card via whatever service might offer it because I know it would just be a centralized data selling service.
The personal data market is a multi billion dollar industry. Facebook is a great example of getting people to come to one place, share their personal information at no cost to Facebook while selling that data. Companies have made billions doing nothing more than getting people to share their information via a free service. As they say, "If it is free then you are the product." A free card service that held all that data would be the same. And again there is the issue of a possible data breach having all your personal information like all credit cards numbers and bank info exposed at one time.
In the big picture I don't really care if my credit card company knows I just bought a new shower curtain on Amazon and sells that data. Which in turn Amazon also sells that data. I'd rather my purchases not help the company make more money for selling my data because I bought something from them since I paid for the product. But these days it is what it is and why prices in places like Amazon are often cheaper. A one card for all system would make it even worse.
![[Image: 4CV0TeR.png]](https://i.imgur.com/4CV0TeR.png)
༼ つ ◕_◕ ༽つ 
