UK Banks: HSBC, Lloyds, Starling, Monzo, etc.
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A bank card is far more practical than a second phone. Even if Google Pay did work on GrapheneOS, I would not use it. It looks like a privacy nightmare.
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But then I can use it for any broken bank apps too.
If you must, the least invasive of the wearables that don’t suck is Garmin. Get a Garmin watch that supports it.
Paying with NFC does lower the risk of getting a card cloned. The payment generates a unique code that’s worth only what you paid.
Garmin pay, assuming you bank supports it