How can Card Select save you money?

Short Answer....Maximizing your Credit Card Float. For longer answer see below.

The Card Select app defines Credit Card Float as the time between your purchase and when you have to pay for it. 

If you pay off your credit card every month in full you can take advantage of the float. It basically allows you to spend someone else's money (the banks) while your own money is earning interest. Who wouldn't want that? 

One of Daily Finance's reasons to why they like credit cards is the Credit Card Float. There are many articles/blogs about saving money with Credit Cards and the following discusses Credit Card Float as a good way to save. Lastly the personal finance site Wise Bread lists 6 credit card tricks that will save you money. Trick number 5 is Maximizing your Statement cycle which is easy to do with Card Select.

So the key to getting the most value out of your credit cards (besides rewards) is to: 

  1. Don't carry a balance. Pay off your cards in full every month
  2. Maximize your Credit Card Float

Card Select makes it easy to maximize your float by always picking the best card to pay with and is a great tool for the savings conscious consumer.

Card Select - Money saver and Apple Pay companion

Swedesoft is proud to introduce Card Select. This app will help you pick out the credit card with the longest time to pay at the time of your purchase. With its integration with PassBook and Apple Pay you can be confident that you are picking the best Apple Pay credit card for your purchase.

Card Select will calculate and compare your credit cards float  i.e. how long until you have to pay. Maximizing the credit card float together with always paying of your credit card bill can actually save you money. 

Knowing which card has the longest float gets harder as you get more and more credit cards. Based on Credit Karma's members, consumers with a credit score of 800+ average about 7 credit cards and consumers with a credit score of 700-799 average around 6 credit cards. Just imagine how hard it would be to pick out the best card when you have 6 cards...heck even with just two cards it can be a challenge. 

The Card Select app makes this all a breeze. You just have to input your cards' closing and due dates, give each card a nick name and a color for easy recognition and you are done! After that a glance at the app is all you need to know which card to use.