A "button" on your credit card will let you pay for purchases...with miles
 

Incredible technology, press a button on the front of the card, and the magnetic stripe on the back gets changed.

Citi will try this but yet the banks won't spend the money on chip & pin cards targeted at Americans who travel abroad.

I'd rather a combo Debit/ Credit card. where one works off your checking account and the other applies to your credit line. that way I could just have my chase debit card and my chase credit card in 1.

pretty cool....

Wouldn't it be nice to pay your taxes through USATax with rewards. Downfall would be not earning rewards on that large transaction.

+1

+1

This will be a novelty item like the RFID chips inside credit cards. I encountered only a few credit card machines that are setup to use the built in transmitter.

Your Chase credit card? As in 1 (singular)? :)

I'd rather have a combo Credit 1 / Credit 2 / Credit 3 card, where I could select the Chase Rewards Plus card account in gas/grocery/drug situations, the Chase Priority Club card account when staying in Priority Club program hotels or for foreign purchase transactions, and the Chase Amtrak Rewards card account for any other time I want to use a Chase card.

I carry no Debit card at all, finding them useless from a miles/points earning perspective. (I carry an ATM card, but it doesn't have an MC/Visa logo; it works pin-only, at ATM or the CA DMV or places that don't take MC/Visa at all but do have bank card machines.)

Crooks are going to love that electronic magnetic strip technology. No more having to cart around bar code writing machines and keeping a stack of fake credit cards!

With just one card you can clone anyone's credit card and with a press of the self-destruct button destroy the evidence if the police try to nab you.

That's why this changes the stripe on the card, so you can use any current card reader out there.

Yes, after 2 episodes of Identity theft & the following court/personal debt following with only slight help from the legal system, I know run my own personal life only on debit and run my business on 1 credit card. I actually have found it quite liberating while only slightly limiting. My debit card is a miles reward card and my credit card is a world mastercard for points. I avoid Amex now at all costs and find it simple to live and manage.

And so long as it's a mag stripe, any thief can still make a perfect clone of the card too; except he can now make four clones from a single card. :rolleyes:

Seriously, what in the world is Citibank thinking? Calling something that is at best credit card version 1.4 and trying to market that as "too-gee" like it's an "in-with-the-times" buzzword? :rolleyes: