Wallaby: Digitally Manage Credit Cards
Picking out which credit card to use to get the most rewards is an annoying process, especially when your multiple credit cards only work in certain places and offer you specific kinds of points based on your purchases.
That’s why Wallaby, a cloud-based finance program, has created a new online way to manage all your credit cards for you. This “digital wallet” assesses all of your credit cards that you’ve put into their data service and applies whichever card will be the most rewarding to you (points-wise and financially) without you having to think about it.
Once you link all your credit cards to your account, the Wallaby account functions like any other credit card would and simply chooses the best card for any given transaction from your Wallaby account.
Design Taxi gave the example that if you wanted to use a credit card for a vacation, Wallaby would select a credit card from your designated list that will offer you the best points on travel miles, discounted travel rates, and dining.
The greatest part about the service is that they have also created an app capability for it as well, so that you can manage and use the multi- service from wherever you are. You can set up and manage your account from your home or office, and then use the Wallaby app when you’re out with your family or friends doing any activity that you want.
This app takes the hassle out of our credit card saturated lifestyle and aims to create a less stressful life for those who have so many credit cards that they don’t have enough room in their wallets for them.
Even though it’s still in the Beta trial phase, when it becomes publicly available, it will be sold for $50 a year. If that seems a little steep, don’t worry; customers can make up for the price in the cash returns and points earned from using the service.
No official date has been set to release this product publicly.