How to Get a 2G Credit Card and the Quick Hits

There haven't been a lot of physical improvements to your standard credit card over the last 30 years. To my knowledge, they've always been just plastic, a magnetic strip, and raised numbers. The folks at Dynamics, Inc. plan to change that up a bit. They are producing second generation, or 2G credit cards.

What Do 2G Cards Do?

The first prototype to be picked up my a major card company (Citi) is the Redemption™ card. The card has buttons, a battery, and a chip. The user of this card has the choice when swiping the card whether to use credit or rewards points. So instead of having to wait for a check to use your rewards, you can redeem them instantly. Not something I'm terribly keen on, but you may find it useful.

Another 2G card in the works is a card that hides your credit card number using a digital display, and 5 button access code pad. The card can't be used unless you first enter you pin. I can see how credit card companies would benefit from such a card. But I would find that annoying. Another card that I particularly liked is the card which serves two accounts (e.g. credit and debit) and you use buttons on the card to designate the account you want to pull from.

Get a 2G Credit Card

To get a Citi 2G credit card, you need to be a part of their pilot program. I have not heard exactly how they chose to roll this out to current customer, but some apparently have it. If you do, I'd love to get your thoughts. New Citi customer can't get one of the cards just yet. They have a landing page built for the card, but no place to apply or even sign up to get notified.

Citi 2G Credit Card

Citi's 2G Card Landing Page

One other place you could look is the Dynamics, Inc. website. They have a form to complete to be notified about upcoming pilots of the cards. I'm not exactly sure how this works, but I signed up a few weeks back and haven't heard anything. We'll see.

Could you see yourself using a 2G card? What new design would like to see?

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Last Edited: May 25, 2017 @ 6:08 pm
About Philip Taylor

Philip Taylor, aka "PT", is a former practicing CPA, blogger, podcaster, husband, and father of three. PT is also the founder and CEO of FinCon, the conference and community dedicated to helping other financial influencers and brands. He created this website back in 2007 to share his thoughts on money, hold himself accountable, and to meet others passionate about moving toward financial independence.

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Comments

  1. Good point, Craig. When I originally wrote on this subject I mentioned the pay by cell thing as a factor, but I neglected to mention it here.

  2. You know what I think will overshadow the 2G card? Being able to make payments over your cell phone. Why bother carrying a card at all when you can use your phone?

  3. @Dr. – I think they will. If they don’t cost too much to manufacture, then the security card should be a favorite of the card companies, who stand to save significant fraud charges with the card. The other two cards, IMO, will come on strong b/c of consumer demand.

  4. Dr. Timothy Lawler says:

    Very interesting in deed. I wonder if this 2G credit card thing will catch on. I agree that it could be a little scary for less disciplined people. I guess time will tell. Please keep the good posts coming!