Problem:
On daily basis, millions of Americans forego millions of dollars in credit card rewards just because they are not aware which of the cards in her/his pocket will provide maximum rewards/cashback. With rotating cashback categories and increase in number of credit cards, it becomes even more difficult to remember which card will provide them maximum cashback at a location.
Supporting points:
1a) ~$2.5 Bn in credit card rewards are left on the table annually
1b) Americans can save $200mn of airfare; $1.2bn on gas annually by using the right card
1c) Major bank took a hit of $330mn in one quarter as customers started using their cards smartly
https://www.cnbc.com/2018/07/13/credit-card-super-users-take-a-330-million-bite-out-of-jp-morga.html
2a) Credit card rewards are confusing & difficult to track
2b) 35% Americans don’t understand the rewards on their cards
https://www.cnbc.com/2018/04/16/heres-how-youre-losing-out-on-credit-card-rewards.html
2c) Multiple cards have categories that change every month/ quarter
3a) 84mn Americans have = 3 credit cards
3b) Gen X & Millennials are applying for more & more cards every day
3c) Credit card companies spending more than ever on rewards
https://www.forbes.com/sites/nickclements/2017/05/11/spending-on-credit-card-rewards-has-more-than-doubled/#3d56732b34a1
Solution:
Maxivu is a center stage to help you maximize the rewards and saving offered by your Credit Cards/Gas Cards/Store Cards/Travel Miles Cards/Hotel Points Cards etc. Just provide card name and app recommends which card to use at particular location. Completely safe and it require only one time card set up without login or personal card details.
Cashback/Rewards are part of almost every purchase we make. It should be easy and known before you do any transaction. If you are not able to recall which card gives maximum rewards or if the reward value/validity on the card itself has changed, you miss out on so many opportunities to save money. It's frustrating to realize that usage of alternate payment method would have given better rewards and savings