Most Americans carry multiple credit
cards, each with different rewards or cash-back programs. It can be
near impossible to keep track of every single rewards program and all
of its quirks and restrictions, so many people miss out on rewards
that they should be earning. A new credit card promises to simplify
the conundrum of multiple credit cards and help consumers get the
most out of their rewards programs.
The Wallaby Card is a new service from
Wallaby Financial. It is not a new credit card but rather contains
every single credit card that the card holder has open. When someone
swipes their Wallaby Card, the Wallaby Card sorts through every
credit card rewards program, chooses the one that will earn the card
holder the most rewards, and then charges the purchase to that card.
For example, let's say that John Smith
has a Visa card, a MasterCard, and an American Express. He buys a cup
of coffee with his Wallaby Card. The Wallaby Card determines that he
will get the best rewards with his Visa card, so the card sends the
payment to his Visa card. Later, he stops at the gas station to fill
up, and he swipes his Wallaby Card again. This time, his American
Express is the best choice because that card offers double rewards
for gas purchases during the summer. All that John Smith has to do is
keep up with his separate credit card bills.
Of course, the Wallaby Card does not come for free. New cardholders get six months of free usage, and after that, they pay a $50 yearly fee. Right now, Wallaby Financial is running a deal where the first 1,000 people to sign up for a Wallaby Card will get free lifetime memberships, and the next 5,000 after that will get a year of Wallaby Card service free.
After reading up on the Wallaby Card,
I'm honestly surprised that no one had thought of doing it before
now. Even with the $50 yearly fee, it is a fantastic service and will
make life much easier for consumers juggling numerous credit cards. I
have a feeling that those first 1,000 free lifetime memberships are
gone, but if you want to get in on the free year, you can sign up on
their website here.
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to learn more about the credit restoration process and whether it is
the right choice for you!
