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Hmm... there's a real need for a credit or debit card app that tracks real time charges. I know authorization holds go through immediately (while actual transf
by woodchuck64 12y ago
Hmm... there's a real need for a credit or debit card app that tracks real time charges. I know authorization holds go through immediately (while actual transfers may take a day) and aren't always the same as spending (i.e. car rentals typically issue an authorization hold at time of rental for more than cost), but, in principle, that should be enough to keep track of likely cash flow in realtime. I'd like to see a bank app that simply takes authorization holds as spending and updates a graph in real time.
- evan_ 12y agoSimple is kinda this.
- ssully 12y agoYup. My phone usually notifies be of a transaction before a teller even hands back my card. This actually came in handy about a year ago when my number got stolen. I was sitting at my desk and heard my phone vibrate twice in quick succession. It showed 2 charges at a grocery store in Florida (I am in Chicago). I immediately put a block on my card through Simples app and notified Simple about the fraudulent charges. It made a very scary situation easy to handle.
- woodchuck64 12y agoWow. My cards seem to have no more than a 6 month max-time-until-fraud despite extreme care, so I'm sold on this.
- quandrum 12y agoYeah, not as scary as a stolen credit card, but my Simple card was used by a bar tender to pay someone else's tab. I was able to correct the mistake before anything else happened because I knew before the receipt had printed that the card had been used.
- __david__ 12y agoI love that about Simple. It's what prompted me to stop getting receipts. I used to keep them, "just in case". But I never validated against my bank statement--it's just too much of a pain. This way I can instantly see it's correct and that I have a record of it. I quite like my Simple card.
- intopieces 12y agoGoogle Wallet does this. They sent me a notification in the application, as well as an email that confirms when the charge clears. It also allows me to pay for my lunch through a coworker by sending them money through the app.
- astrange 12y agoMany banks have apps that will send notifications on every CC charge. I have at least three (CapitalOne, Wells Fargo, AMEX). It's more useful to see your spending habits than safety. After all, a stolen credit card isn't really worth worrying about when you're not actually out any money. With CapitalOne I have the opposite problem, in that they keep declining charges and sometimes closing my card for purchases I did actually make myself.