Live Checking Card Concept

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I am actually surprised we don’t have smarter credit cards and debit cards already. After all, we can check our bank accounts from our computers or our smartphones but a credit card that could actually tell you more details about your current balance would be more than welcomed.

The credit card in the picture here is called the Live Checking Card and it’s a concept card designed by Jin-young Yoon, Wook-sun Oh, Young-ho Lee & Jun-kyo Lee. We might not see this smart credit card in action very soon but hopefully banking institutions around the world will get inspired by such concepts and start working on similar products.

As you can easily see, the credit card in the picture is not just another dumb piece of plastic. It’s more than that. The device has an E-ink display which will let you check your payment history and bank account transactions through RFID. Every time you make a purchase, the display will show the remaining balance so you’ll always know how much money you have left in your account. And that’s definitely something I’d want to know whenever I find myself ready to go into an unstoppable shopping spree.

Furthermore the edge of the card turns blue when you’re within your spending limit and it goes red whenever you pass that limit.

With such features in place not only are you in better control of your budget but you’ll also save the environment. Having access to instant detailed bank accounts means that you won’t have to print out bank statements to monitor your recent shopping sprees. The device uses solar power which means you don’t have to deal with batteries. And since we’re talking about a digital device here, you won’t have to replace it as often as you replace your plastic cards.

Will banks launch such a product soon? Well that remains to be seen. We haven’t talked about the safety measures employed by such a Live Checking Card. Losing or having one stolen sounds a lot more dangerous than having your regular plastic card stolen. We will certainly get back to you once such a concept credit card gets made. In the mean time you can consider getting a smartphone to help you manage your budget while on the go.