People always want to live a debt-free life. If you are like those who rely on apps to track everything, why not use apps to manage your credit cards? It will just simplify your finances. These credit card management apps help you get clarity on your credit use without having to sit down and analyze mounds of bills and statements. More than managing debts, these apps make you more aware of your spending patterns.
Looking for the best apps to help manage credit card debt? Read on to know more.
1. Debt Payoff Assistant for reducing debt
Debt Payoff Assistant is worth downloading for people with revolving credit card debt. This app allows you to choose the best payment method which suits you. This app focuses on the snowball method of repaying your debts from the smallest to the largest based on your cash flow pattern. Debt Payoff Assistant helps you create a custom plan where you can opt to target your highest balance or interest rate first. This is regarded as one of the best apps to help manage credit card debt due to the flexibility it offers and the way it helps you to track your payoff efforts and show you progress. However, unlike other apps, Debt Payoff Assistant does not pull your balance information directly from your creditors. Instead, this app will prompt you to enter what you owe and interest rates for each account. You will be able to update balances, interest rates, and payments as you go. The free version of this app comes with ads, and the pro version costs 99 cents, where you will not view advertisements that can be irritating sometimes.
2. Mint for budgeting
If you are looking for an app for a broad view and a detailed look at your credit cards, overall finances, and alerts to ensure on-time payments, then you should download Mint right away. With Mint, you will be able to budget, track card spending in customizable categories, get credit card bill alerts, and more. If you are new to financial apps, you will need some time to get used to tracking and categorizing every transaction on Mint.
3. Prism for paying bills
Prism is one of the most popular apps among people who need help keeping track of what they owe and when. This app comes with a clean and simpler interface; you just need to sign up and add your cards. The app finds your current statements automatically. The app has a calendar that helps you to see your upcoming and paid bills. The app also allows you to schedule your payments. However, it does not offer an auto-pay feature.
These are the three best apps to help manage credit card debt. No matter what your credit card goals would be, you will find an app to support them. The key is to prioritize your needs and select the right one for you.
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