It's great to have credit card rewards, but who can keep up with them? One gives you great deals at the department store; the other is good for gas. Most of us have multiple cards and it is hard to keep up with the special offers on cash back.
Raj Kuppuswami found himself running into that very problem, so he invented the Smorecard app. Based on your location, the app tells you which one of your credit cards will give you the best reward.
We put the card to the test by taking Raj shopping. Our first stop was Dillard's.
"Right now I have a choice. I can choose any of these four credit cards I have in my wallet," explained Raj.
He pulled up the Smorecard app and selected his location through the GPS system. With a quick push of a button, the app makes the decision for you.
"Looks like I should use my Discover and it's a big savings because I'm getting five percent cash back today, verses one percent on my next best card."
Next, we head to 717 to get some lunch. A lot of credit cards offer bonus cash back at restaurants.
"It tells me I should use my US Bank Cash Plus card, which gives me five percent. So if it's a hundred-dollar tab, that's a pretty big savings."
Once Raj was fueled up on food, we headed over to fuel up the van.
"For most people, gas expenses are a pretty significant amount. I mean, every time, it's about $60 a pop, so if you can make a few extra percent on each purchase, that's a lot of saving for you."
So instead of getting hung up on which card to use, he pulled out the Smorecard app.
"The app told me to use my American Express from Costco, which gives me three percent."
Raj can pay with ease, knowing he's getting the best rewards, thanks to his free app.
"These one or two percents here and there really add up, especially when you're spending a lot of money over the course of a year and that means real money in your pocket."
Don't worry about your personal credit card information. The app doesn't require you to enter any of that in. You simply select the type of card you have without giving up any of your account numbers.
The app is only available for iOS right now.
More info: http://smorecard.com/