There are mobile applications for pretty much everything we do in life. Right from monitoring your fitness goals, recipe goals to budgeting and savings, life has been made so easy with these apps. Considering we are largely dependant on such apps, why not use them to manage your credit card debts? These apps certainly give us the edge of being able to track the payments and where we stand with respect to debt management instead of having to sit down all by oneself and analyze them one by one. Read on to find out about these apps to help manage credit card debt.
Mint
This app gives a fair view of your credit cards and finances and ensures to alert you for your payments. It has been there in the market for quite sometime and is also the most popular in this category. Mint creates a budget and tracks your spending, and these spendings can be categorized into various expense heads so that you can stay within your budgets even between heads of expenses.
Prism
This app could be your next BFF that helps manage credit card debt! All you need to know do give your credit card details after signing up. The app finds your current statements, creates a calendar to see all the upcoming bills and bills that have been paid too. This app has several customer reviews with a 4.5-star rating.
AwardWallet
If you want to see all your award points in one place, this is the app you should have. Points from Citi ThankYou Points, American Express Membership Rewards, and Chase Ultimate Rewards can be tracked here. The app can be downloaded for free but the more advanced options like reward hackers can be accessed at $30 per year. Yet another advantage of this app is the fact that it lets you know when the awards will expire and allows you to plan to use them before they are lost.
Debt Payoff Assistant
Debts come in different sizes in terms of smallest to largest and also in terms of interest rates, from lowest to highest. The advantage with this app is the fact that it could help you customize your payments where you could either pay based on the value of the loan amount or based on the interest rates, making it highly flexible and user friendly. The only flipside to this app is that we have to enter the loan amount/balance payable and the interest rates manually from each account. It does not take the information directly from the creditors. The user also has to update the balances, interest and payment information from time to time.
Sift
This app provides a lot of hidden benefits to your credit cards offer, such as extended warranties, and travel protection. The app “sifts” through the receipts and eventually alerts you of the possible protections that are available for those purchases. The disadvantage is the fact that it needs to access through your email accounts, which most are not comfortable with. Also, if the receipts do not reach your mail, then the app will never know about them.
These apps are your best bet to help manage credit card debt.
