What is Card IQ?
This is a website that takes your monthly spending and tells you what card will give you the most cashback, and how much money that will be per year!
Problem
Users currently have to manually compare and analyze numerous credit card offers to optimize cashback, which is tedious and often leads to suboptimal choices.
The drawbacks with the old situation involve a high risk of overlooking better deals and inefficiency in making truly informed decisions.
Solution
The product is a website that analyzes monthly spending patterns to recommend the most rewarding credit card options.
Users can input their spending information and receive detailed information about which card offers the best annual cashback and how much they could earn.
Customers
Individuals and families who are looking to maximize their credit card rewards.
Financially savvy consumers who are keen on optimizing their spending for cashback.
Unique Features
Provides a personalized annual cashback estimation based on user spending habits.
Simplifies the credit card selection process with a user-friendly interface.
User Comments
The tool is incredibly helpful for maximizing credit card rewards.
It's easy to use and delivers precise cashback estimates.
Some users wish for more integration options with financial apps.
A few users mentioned that it helped them save significant amounts over time.
Overall, the site provides valuable insights with minimal input.
Traction
Newly launched feature with growing users on platforms like Product Hunt.
Currently gaining traction through word of mouth and user recommendations.
Market Size
The global consumer credit card market was valued at approximately $408.3 billion in 2021, indicating a vast potential user base for credit card optimization tools.
