Originally Posted by
youngmoneyhack
I'm not suggesting credit cards will go away - more that some unknown company in the not so distant future will come in and make it much, much better i.e. the next Apple or Tesla of the consumer credit card.
You cannot compare credit cards with things like mobile phones. The first is a payment method, the second is a device. Big difference.
Adding rewards to a cc is nothing more than an incentive to USE the cc payment method, while upgrading the features of a mobile phone or changing its function is making it "better."
You can make the payment method more safe by adding layers of security, but that does not change the method.
If you don't like the high interest and nontransparent card terms, use another payment method such as debit cards, PayPal or mobile methods.
Conclusion: there will be no "re-invention" of the credit card as there is nothing to "re-invent". The only thing you can do is either change the incentives that come with credit cards or come up with other payment methods.