There’s also the risk that credit card companies are claiming that fraud done using your phone app (for example, someone stole your unlocked phone(*)) is not covered, and you are on the hook for losses.
But stolen physical credit cards are always covered.
(*)EDIT: I thought I’d read a report that someone who had been mugged and forced to give their phone+PIN had an issue with their CC company; but it looks like this is mostly a problem with money transferred out of a bank account, not credit card purchases… and even then, hiring a lawyer will usually get the bank to pay-up.
Credit card companies can claim whatever they want, that’s not how their agreement works. They need to cover. But also the risk of someone stealing my unlocked phone is so exponentially lower than the risk of someone stealing my cards that I’m not even remotely concerned.
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I don’t remember the last time I brought my cards with me. Needs to be on my phone.
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“Needs to” may be a bit strong for you, but for me it’s legit. I will NOT switch to an OS without Google Pay, Apple Pay, or Samsung Pay.
If my phone is dead, broken, or stolen, I use my watch.
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That’s great, I still need primary on the phone with backup on the watch.
I have not encountered a place that doesn’t accept Apple Pay since I stopped going to Walmart years ago.
There’s also the risk that credit card companies are claiming that fraud done using your phone app (for example, someone stole your unlocked phone(*)) is not covered, and you are on the hook for losses.But stolen physical credit cards are always covered.
(*)EDIT: I thought I’d read a report that someone who had been mugged and forced to give their phone+PIN had an issue with their CC company; but it looks like this is mostly a problem with money transferred out of a bank account, not credit card purchases… and even then, hiring a lawyer will usually get the bank to pay-up.
Credit card companies can claim whatever they want, that’s not how their agreement works. They need to cover. But also the risk of someone stealing my unlocked phone is so exponentially lower than the risk of someone stealing my cards that I’m not even remotely concerned.
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sorry, I think I was confusing bank transfers with credit card transactions.