Personal Finance App for Credit Card Churners

LAttlas on 15/08/2023 - 11:40

Hi all, I'm a credit card churner of many years and have a few spreadsheets that I use to keep track of my expenditure and my application and closing dates for various accounts so that I can re-apply after at least 12 months to get the sign up bonus again.

I'm considering building a cross-platform app that lets the user track dates, client numbers, and generally just keep all of the information in one place in a foolproof and simple way. This could be expanded later to do track progress towards spend requirements, set custom reminders for paying statements and also provide summaries of the various available credit cards with their rewards and terms and conditions.

Is this something that anyone here would be interested in using? If so, what are some other features you might find useful.

Thanks for your time!

Financial Credit Card

Comments

  • soan papdi on 15/08/2023 - 11:46
    +3

    Honest opinion, the app will add very little on top of spreadsheets. How do you propose to make money off the app?

    • Attlas on 15/08/2023 - 11:54
      +1

      Honest opinions are what I'm here for, so thanks! I recognise that the basic stuff can all be managed in a sheet easily. I think a lot of the value in this would come from using web scrapers to display a single page comparison of all of the different options for rewards churners at once, so that rather than jumping on point hacks or finder and looking through a bunch of articles or lists you can see a no-nonsense "stock churner" comparison and make a quick decision. That could be filtered for only banks that you haven't had cards for in the last 12 (or 18 for some) months.

      As for monetisation, I'd shoot for a freemium model where users have unlimited use of free features and can pay some small amount for extras. I have a number of ideas that could be implemented later that users may find worth the money. I'm not looking to make a bucketload out of this, it's more of a personal project I think could become useful for others (especially people new to the churning game).

      • Mattz0r on 15/08/2023 - 12:09

        Sounds like a more advanced version of Rwrds? I know it's not scraping but sounds like the initial purpose of a 'churn and burn comparison'? It also allows a means of tracking eligibility for 12/18 months (although wipes with cookies)

        Not advocating that over anything else but worth looking at (if you weren't aware already)

        • Attlas on 15/08/2023 - 12:15

          Yep, a bit like Rwrds but with expanded functionality and persistent data storage (they store card opening/closing data in your browser which is a pain if you like to clear your cache from time to time).

          • freefall101 on 15/08/2023 - 12:35
            +2

            @Attlas: Have you looked up the security requirements for the data you'd be storing? Rwrds doesn't store it for a good reason, to get around any privacy requirements.

  • howtocreditcardchurn on 15/08/2023 - 16:51

    The idea behind the application is good. As someone who has also been churning for a while, I would use an app like this, however I just don’t think there’s a big enough audience to use the tracking part of the app enough. A simple spreadsheet usually does the job fine as there’s only a certain amount of credit cards you can churn. Maybe look into this for the American market as they have a much larger audience.

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