They are on pre-order now, so I haven’t had a chance to play with it yet, but I will do a more thorough review of it when I get it.
So what is the Coin Card?
It is a credit-card like device that holds the information of up to 8 other credit, debit, loyalty, and gift cards. So essentially it is one card to rule them all.
The card also has technology built into it that connects to your phone and will notify you if your Coin card gets left behind somewhere.
From their website: “Coin is a connected device that can hold and behave like the cards you already carry. Coin works with your debit cards, credit cards, gift cards, loyalty cards and membership cards. Instead of carrying several cards you carry one Coin. Multiple accounts and information all in one place.”
If you find this remotely interesting, I recommend checking out the 1.5 minute video below:
It is a brand new product and they will be charging $100 in the future, but for the early adopters we can get it for $50.
Other Q and A’s
How do I get my cards onto my Coin card?
They have a mobile app will allow you to add, manage and sync the cards that you choose to store on your Coin. You add cards by taking a picture and swiping the card through a device that they give you along with the card.
What card details does the Coin display?
The Coin card has a little screen that displays the last 4 digits of the card, the expiration date, and the CVV.
Where can I use Coin?
“You can use a Coin everywhere cards are accepted including dip-style card readers and ATMs. Use a Coin just like you use your cards now at gas stations, restaurants, the mall, the gym, or other places you frequent.”
Will Coin affect my card’s loyalty or rewards program?
Apparently you can use it just the same and you will accumulate points and rewards the same.
Is a Coin really the same size as a typical credit card?
Yes. The dimensions of a Coin are roughly 80.5 mm x 54 mm x 0.84 mm or 3.125″ x 2.125″ x 0.033″.
What mobile platforms will Coin support?
Iphones and Androids. Maybe Windows phones in the future.
Will the coin card work in an ATM?
How long does it last?
They are designed to last for 2 years and then will need to be replaced.
How secure is it?
From their website: “Maintaining the integrity of your Coin’s data is critical to your peace of mind. That’s why our servers, mobile apps and the Coin itself use 128-bit or 256-bit encryption for all storage and communication (http and bluetooth). Additionally Coin can alert you in the event that you leave it somewhere.”
What if I lose my Coin or someone steals it?
“In the event that your Coin loses contact with your phone for a period of time that you configure in the Coin mobile app, it will automatically deactivate itself.”
For more information about it check out the COIN website.