Credit Savvy is designed to help you compare credit card deals and introductory low interest offers with each other and with borrowing on a personal loan or overdraft. It helps you work out which is the best deal for you.
Quick and easy to use, it is suited for both the credit novice and the “credit card tart” – constantly looking for the best credit deal.
Credit Savvy is also ideal for working out the real savings in all the “buy now pay next year” and “0% APR” deals for buying cars, computers, sofas, etc. Perhaps use this information to negotiate a discount instead?
- Balance Transfers – specify amount, interest rate, length of offer and fee
- Low interest purchases – specify upfront and regular purchases, interest rate and length of offer
- Compare all offers against an overdraft or personal loan at any interest rate you choose
- Calculates full illustration showing fees, monthly repayments, total interest and APR for both the credit offer and the comparative loan or overdraft
- View full schedule of payments, interest and balances
- Compare two credit offers and the loan/overdraft on two simple graphs (interest and fees graph and balances graph)
- Save any number of credit card offers and purchase credit deals
- No Ads or association to any credit provider – totally independent tool
- Standard industry calculations
TRY IT FOR FREE
- Search for Credit Savvy Lite on the App Store – it is full featured for up to two credit offers and is advertisement supported
1) APR = Annual Percentage Rate, also known in some countries as the Effective Interest Rate. This rate is calculated to take into account fees and when payments and interest are due. It offers a reasonable means to quickly compare different offers (despite what some credit providers would like you to believe).
2) When you do take up a credit offer, make sure you read the small print, make payments on time and pay off the credit at the end of the introductory interest rate period, otherwise you may end up paying a much higher rate of interest!
3) For Credit Offers which combine both balance transfers and purchases with different lengths the Credit Savvy calculator assumes that payments pay off the balance with the highest rate of interest first as most card providers in the UK have now adopted.
4) Many thanks to Aleks Nesterow and 7touchGroup for providing the s7GraphView component of which the graphs are based (© 2009, 7touchGroup, Inc.)
Please email any suggestions or support requests rather than posting them on iTunes so that I can then respond and request further clarification if needed. Many thanks.