If you frequently use a credit card, MaxRewards is an excellent money saving app you can consider. MaxRewards check your spending and recommends the best credit cards with cashback and rewards. The app gives you personalized recommendation about cards with daily offers and without annual fees. It will also help you earn additional points or help you save money through cash backs. It does through by automatically scanning offers available in the cards you have added to your account.
Over 50% of Americans miss out on credit card points and cash back. The average shopper misses out on over $200 a year by not knowing the right card to use.
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How Does MaxRewards Work?
MaxRewards is an incredible app that does much of the work for you. This is how it works. You connect your credit card accounts with the app. The app then reads all your historical transactions and finds how much you spend and on what. MaxRewards then uses that data to predict how you are likely to spend in the future. However, you can always adjust so that it can reflect your expected expenses.
You can specify the job that you do, and even if you are a student, it will still help you. You can choose which cards you want to use with MaxRewards. Once you have done all that, the app will be giving you personalized recommendations.
With MaxRewards, you can choose the kind of rewards you want to be getting. The following are some of the available rewards:
- Bonus limits
- Introduction and annual fees
- Category bonus rewards
- Revolving category rewards
You can access the following features with MaxRewards:
- Digital wallets. You can manage all your credit cards from a single app and get credit card rewards. You can also monitor credit card scores from different issuers.
- Digital Assistant. It allows you to activate bonus categories and offers for linked cards even while you are asleep.
- Digital advisor. You get personalized advice on how you can get the best rewards from credit cards.
To benefit from MaxRewards, you need to download the app on MaxRewards website or on Google Play or App Store. With the app, you can manage all your accounts in one app. You can also see all the rewards and aggregate reward balance and current balance. You can also use the app to monitor all your credit scores and see where you spend and earn.
MaxRewards Fees
MaxRewards is free to download and use, with the majority of its features being free. However, there is a premium subscription plan called MaxRewards Gold that offers additional features, such as auto-activation of bonus categories and deals, and premium customer support.
MaxRewards Gold has a sliding scale pricing, with the annual subscription starting at $7 a month and billed upfront for a year (a total of $84). The price is then discounted if you have any Gold credits. Luckily, you can change your monthly price at any time if you’re not getting the value you expected.
How Does MaxRewards Make Money?
There are no MaxRewards costs for most of the MaxRewardsapp’s features. As such, you may wonder how MaxRewards makes money. It makes money in a few different ways. The app offers a premium subscription plan. It has also raised over $3 million in funding from venture capital firms. While many fintech companies sell their users’ data to other companies, such as credit card issuers and financial institutions, MaxRewards claims that it does not and will not do so.
MaxRewards Gold Plan Review
You can get additional features with MaxRewards Gold. You will benefit from the following perks with MaxRewards Gold.
- Get notifications for new and expiring deals
- Get customer support
- Auto-activate deals and automatically include them on your card
- Add favorite cards to the list of priority
- Auto activate quarterly bonus categories on cards
Who Should and Shouldn’t Use MaxRewards?
If you spend a lot on credit cards, consider signing up with MaxRewards. The app will recommend cards that have high sign-up bonuses. The app looks at your spending habits and predicts how you are likely to spend in the future. Generally, the app will recommend you the card with the most rewards.
If you don’t spend a lot while using credit cards, the MaxRewards may not be a good app for you. MaxRewards recommends cards that offer cards that give bonuses for small spending limits. Also, if you have a high interest credit card debt, avoid using MaxRewards. Overspending with a huge debt is a wrong financial move. It is because credit card rewards will only push you harder to overspend. To use MaxRewards, you need to have 0% interest rate debts. Spending less will help you get out of debt.
Banks That MaxRewards Works With
MaxRewards works with the following banks and you can integrate your card if you have an account with these banks:
- American Express
- Apple
- Fidelity
- Fifth Third
- First National Bank
- HSBC
- Bank of America
- Barclays
- TD Bank
- USAA
- US Bank
- Wells Fargo
- Citi
- Discover
- Chase
- Navy Federal Credit Union
- PenFed
- Huntington
- Key Bank
- Capital One
- PNC
- SunTrust
- Synchrony
- Credit union credit cards and store brand credit cards
Is MaxRewards Safe and Legit?
MaxRewards is a safe app that uses bank-level encryption. The app also ensures the security of its users’ information, and you can be sure your credit card information is safe. It does not share your information with a third party. MaxRewards does not access your credit card or social security numbers.
You can trust MaxRewards. It is a legitimate company used by thousands of users, who have collectively earned over millions of dollars in rewards. Moreover, MaxRewards is the winner of the 2018 FinCon Startup Competition, a finalist in the 2019 FinTechSouth Innovation Challenge and 1 of 10 companies (out of 400+) selected to be part of the 2019 Techstars Atlanta Accelerator.
MaxRewards, unlike other credit card rewards optimization apps such as CardPointers and AwardWallet, does not offer the option to opt out of storing your credentials on their servers. In order to use MaxRewards, you need to connect your credit card accounts to the app. This means that you need to provide MaxRewards with your bank credentials, including your username and password. This may be a privacy and security concern for some users.
MaxRewards users have reported a number of issues when syncing their Chase credit card accounts to the app. Some users have reported that the app simply does not load when they try to sync with Chase, and others have reported that they are unable to sync their account even after resetting their Chase password. Another issue that MaxRewards users have reported is that syncing their Chase account to MaxRewards has triggered a fraud lock on their account. This has caused some users to have their accounts locked for days, while they wait for Chase to unlock them. MaxRewards has been working on an official partnership with Chase, but this partnership has not yet materialized.
MaxRewards Alternatives
Bonus: Key Ring app and Storcard app allow you to add all of your loyalty and membership cards to one app and scan them right from your smartphone, so you don’t have to carry all of them around.
MaxRewards: Your Best Credit Card Companion
MaxRewards is a powerful credit card rewards optimization app that can help you get the most out of your credit cards. It offers a number of money savings features, including personalized advice, spending and reward tracking, category insights, and deal alerts. The app will notify you of new offers and those that are about to expire. However, we have noted that if you don’t use credit cards frequently or have a debt with an interest rate, MaxRewards is not a good option. Therefore, MaxRewards is ideal if you spend a lot on credit cards.
