Wallaby Combines All Your CCs Into 1, Makes Sure You Earn The Most Rewards

jcaserta said:   BuckarooBanzai said:   I'm still at a loss as to how Wallaby actually works on the back end. Banks are not going to just let them post charges under any merchant code they want in order to generate rewards, are they? If what they are suggesting is even possible, why not skip the purchases altogether and just have Wallaby charge me $10k under their "gas station" merchant code and simultaneously rebate me $10k under their "retail store" merchant code? 2% for Wallaby, 3% for me. Rinse, repeat, profit.

From the answers he posted, really the only possibility is what you said - wallaby has the capability to charge transactions to any merchant code. Agreed that what you say would be a more effective way to leverage that...but that's clearly fraud , whereas what they're actually doing of routing the transaction that actually occurred in that category is more defensible and I could see them finding a loophole somewhere that allows them to do it.

I'm going to agree with others that I don't think this is worth it, although it's not far from worth it. The lack of protections concerns me greatly. But, if AMEX cards can be used at Visa/MC only locations, then that's a big deal.
Totally agree. If executed well, this could be worth it. The challenge will be getting the players in the ecosystem to play nicely with them.

Has anyone received any communication about their BETA card and when it is coming out? It seems to me they have wasted a lot of buzz and momentum by advertising their product without having anything to put out there.

Version 1.1 of the app is now live in the iOS app store.

It now has search by name (instead of just by category) which was a needed addition.

Still some quirks - it seems to correctly indicate the rotating rewards for one of my cards when I do a search, but when I look at the card profile under 'My Cards' it is showing the incorrect bonus categories.

A quick phone call to ensure you don't end up with a frozen card when out of your home area doesn't seem to rise to the level of PITA. I don't think I've ever had one of those calls last more than 2 or 3 minutes. Making that call is part of fraud protection, isn't it? How can you expect great fraud protection that keeps you from getting declined, if you don't want to tell them you will be making purchases outside your normal pattern?