Today, we are excited to announce that we’ve reached a tremendous milestone: the release of our first mobile app. Since our inception, we’ve covered over $8 million in credit card spending for our users, now at a rate of over $1 million per month, and we are finally expanding from web to mobile with the launch of the Debitize iOS app.
Debitize was born from the idea that people should be able to enjoy the perks of credit cards without anxiety about the pitfalls, namely debt and interest fees.
We started Debitize after hearing multiple friends voice their fears and frustrations with credit cards. They reasoned that the benefits of financial responsibility outweighed those of credit card points and, like nearly two thirds of Millennials, wanted to ditch credit in favor of debit.
But the advantages of having good credit go far beyond miles, points, or cash back on purchases – established credit is essential to buying or renting a home or a car, securing a loan, sometimes even getting a job. At the same time, many who choose credit unfortunately struggle to stay on top of their spending.
We knew there had to be a better way. Debitize gives our users the best of both worlds by covering credit card purchases every day, just like a debit card. Your credit card bills are paid in full and on time, so you get the combined benefits of both credit and debit.
And it Works
As our existing users have seen, Debitize makes it easy to use credit cards responsibly and brings peace of mind to a product that many associate with anxiety and financial disrepair. We’ve been blown away by the results so far. Our users have told us:
- They’ve seen their credit score increase 30+ points since starting with Debitize (one user even increased his score more than 100 points!)
- Debitize makes it easier to stay on budget
- We’ve helped many of them pay down over ten thousand dollars each in credit card debt
- Before starting Debitize, they hated credit cards and swore they’d never use them again
The biggest thing we hear from our users is that they appreciate the peace of mind we give them, and they love not having to worry as much about their finances. Today, we’re bringing this same experience to iPhone users with our new app, something we’ve wanted to do for a long time.
You’ll now be able to access Debitize, connect your accounts, and start earning rewards and increasing your credit score worry-free, all from an iPhone.
We plan to follow with an Android app in 2018, and much much more beyond that (of course if you don’t have an IOS device, you can still use Debitize on the web). Our mission is to make managing finances easy and stress-free – so after credit cards, we’ll move on to helping you manage and automate your student loan payments, your mortgage, your other monthly bills, and more.
We would like to send a big thank all our early adopters who have been an invaluable source of feedback to get us here. Stay tuned for more exciting updates in the near future!