The Savings Agent, created by Credit Card Clients, is a great new online personal finance tool that can help users lower their credit card bills for free by calculating the optimal savings strategy for each individual’s debt.
It promises to deliver hundreds of dollars in savings, and also promises to be completely neutral and unbiased, claiming that only the savings potential determines the order of the results. Two easy steps are all it takes. Here’s how it works:
1. The Devil is in the Details - The Savings Agent uses details that are often overlooked by individuals who try to compare credit card offers themselves. It takes the fine print of the offers, including multiple interest rates for each offer, balance transfer fees, annual fees and more, and utilizes complex calculations to determine the best deals out there.
2. Your Personal Debt Profile – The details above are combined with the details of your personal debt profile – your current card, how much you owe on it, your annual fees and APR - and the Savings Agent uses a database of over two hundred credit card offers to present each consumer with the top 10 credit cards that will save them the most money.
