Sunday, August 18, 2013

Reward Boost Finds the Best Rewards Credit Cards Based on Your Spending

Rewards credit cards are a great way to earn hundreds of dollars back on everyday spending. However, with so many different cards available and spending categories, finding the right ones to use can be tricky. Enter Reward Boost.

Simply enter the name of the cards you own—you don't have to provide login or account details—and your monthly spending by category and card to get a report of your annual rewards amount and percent back. Reward Boost will suggest alternative cards for you to consider if you want to maximize your cash back or rewards amount.

The site, currently in beta, isn't perfect. For example, it didn't have my grandfathered Amex Blue Cash card, so the percentages are off, and it can't account for rotating card categories. Also, special rewards categories, like Amazon purchases with the Chase Amazon card, aren't available.

Still, the webapp is useful for gauging if you're using the best cards for your spending. Daniel Packer, the developer of the site, writes on Sweating the Big Stuff that he created the site as an alternative to Mint, which may overestimate the amount you could get back from recommended cards.

(By the way, if you're looking for a travel credit card instead, which often gives you a better bang for your rewards buck, the similar MileCards calculator is your friend.)

Reward Boost | via Sweating the Big Stuff

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