MaxRewards App Review: BEST Credit Card Management App?
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- Äas pĆidĂĄn 13. 06. 2024
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Hey guys, in this video, I do a full in-depth breakdown of the MaxRewards app (and no I'm NOT sponsored). There are so many different ways to manage your credit card accounts these days, but MaxRewards is one of the most used and advertised ones, so I thought I would share my experience with yâall. Not only do I do a review, but I also answer the question of âis MaxRewards GOLD worth it?â This was one of those questions that I had for a long time, so I went ahead and bought it for myself to test out for yâall and answer that question for you. I also compare some of MaxRewards features with other popular apps like CardPointers to give yâall an honest review. In the end, the fact that MaxRewards allows you to consolidate all of your card information in one place with a clean and concise interface makes it a worthwhile download in my opinion. You may disagree though! So let me know what you think down below.
As a quick summary of the appâs main features, MaxRewards allows you to:
- Activate bonus categories and card-linked offers in your sleep
- Maximize credit card benefits with personalized advice
- Manage all of your credit cards and credit scores in one app
- And much more!!
đČ Download MaxRewards: maxrewards.app.link/spencer
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Timestamps:
00:00 - How to Manage Your Credit Cards in One Place
00:39 - What is MaxRewards
01:08 - Home Screen
03:49 - Activity Tab
05:23 - Best Cards Tab
06:32 - Benefits and Offers Tab
10:28 - Personalization Tab
11:45 - Why You Should AVOID MaxRewards
12:44 - Why You NEED MaxRewards
14:02 - Is MaxRewards Gold Worth It?
#maxrewards #creditcards #creditcardrewards
Advertiser Disclosure: Some of the card links and other products that appear on this website are from companies which Daily Drop will earn an affiliate commission or referral bonus. Daily Drop is part of an affiliate sales network and receives compensation for sending traffic to partner sites. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). This site does not include all credit card companies, or all available credit card offers. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available.
If MaxRewards is showing you that you have a TON of Chase points stored up, watch this video to see how you can redeem them for the MOST VALUE: czcams.com/video/tltAXKR_WP0/video.html
Do you use MaxRewards or a different card management app? Let me what you use and why down below! Thank you so much for watching!
Really good detailed review here Spencer. I've also used Max Rewards before and really like the seamless ability to know which cards I should use for which purchases. Great video here Spencer!
Thank you Matt! Itâs definitely a nice tool to have in the back pocket. I think itâs super beneficial for beginners too!! Thanks for being here as always!
I have MaxRewards Gold and I love it. Makes all of the offers I have on my cards, so easy to track
Iâm glad you like it Manny! Iâm excited to see how many offers I use accidentally by having MaxRewards gold activated. Weâll see though! Thanks for watching!!
Great breakdown video Spencer! I have seen so many ads for the app but nothing that really went into detail or made me want to get it. Finally jumped on it and used your code :)
Thank you Hee! Itâs one of those apps that people may get a bad taste in their mouth for because they get so many ads, but it can be a really powerful tool. I appreciate you using my link!!
Really liked this video, super detailed, yet to the point! Thanks!!
Thank you Patrick! Iâm glad you enjoyed it! Hopefully it gave you a full understanding of the app and if you should use it!
i just recommended my mom to this app!! she's a bit stressed with managing all her credit cards so hopefully this app helps her. thank you for such great videos as always! :)
Thatâs awesome youâre helping her out like that K! I actually did the same thing with my mom recently which is what prompted me to make this video haha. Itâs definitely a great tool to help people with a lot of credit cards manage that stress better so I hope she likes it!! Thanks for the kind words as always!!
Thanks so much for this in-depth review! đ
No problem at all! I always love to share some of the tools that I use on a day-to-day basis, and this is one of them! Thank you for stopping by!!
Really detailed review of MaxRewards - great job Spencer! I did try the free version of this app at one point, but I also got frustrated with the connectivity issues when loading the app. I'm pretty sure that that isn't the app's fault since I'm sure they use some third party software to link to your bank, but it still takes away from that seamless experience. Otherwise, I agree, it's a great app to manage all your credit cards in one place!
Thanks Stan! A little bit of a different video, but I think itâs something that would help a lot of people out even if they just use the free version. The connection issues is definitely kinda annoying, but if all I have to do is refresh every time I get on itâs not the end of the world. Thanks for watching as always Stan!
Excellent overview Spencer, I never heard about this app so it was good to get all of this information. Hopefully some of those gripes get ironed out. Itâll really annoy me if I had to re-sync my accounts often.
Thanks CJ! Iâm glad you got some value from it. Itâs definitely nice to have all my information in one place, so I enjoy using the app myself. Itâs a bit annoying that I have to resync so often, but hey, I guess thatâs the price I pay to have such a convenient app haha. Thanks for watching man!
This is interesting, Iâve always been skeptical of these apps, I thought I remember at some point maybe Mint had some security issue with your credit card privacy.
I do like that it pools most of your cards together.
Also, I liked and subbed because the phone in the video cleverly told me to. đ
Nice Spencer, iâve been learning a lot of new things with your channel lately.
Itâs definitely not a bad thing to be skeptical. Security is no joke! I just know that when it comes to credit cards, if my card numbers were hacked I would be safe since Iâm spending the banks money and not my own. Iâm more worried about those all around budgeting apps like Mint and Truebill.
And yeah I really enjoy having all my information in one place. Even just checking it like once per week gives me a good idea of where Iâm sitting in all respects.
Iâm glad the phone caught your attention đ I thought I may as well spice it up a bit with that. Kinda sad I didnât earn your sub sooner though đ€šđ€Ł jk
Iâm happy youâve been enjoying the content man! Itâs definitely not getting pushed out like it used to, but Iâm just trying to keep the content quality as high as I can!
@@SpencerJohnsonOfficial ahh I see, so mint is a little more in-depth, never really looked into it.
That makes sense I guess, can always lock the card and itâs the banks money. Fraud protection on these cards etc.
I know youâve been feeling it man, I can feel it in your writing. Donât worry at all, itâs not isolated to you so you know youâre not the problem. Peace of mind.
Keep putting the great, interesting content out there and thereâs no telling when the algorithm will take it.
Like literally the 1-10 system means nothing it seems ha.
I donât have to tell you this, youâre more experienced anyway ha, we got this man. Keep going!
@@AnthonyVenture Yeah Mint is more of an all encompassing personal finance app for sure. They each have their place!
And yeah man I know weâre all feeling it which is tough. But I really appreciate the kind words and at the end of the day youâre 100% right. As long as we all keep posting great content itâs really only a matter of time before the algorithm picks it up. Itâs just weird how hard of a turn it all took! I love learning about the algorithm though so having experience with it (good and bad) is great in my eyes. The 1-10 system is definitely a vanity metric, so itâs good to not let that destroy your confidence. Like you said, weâre all in this together man, so keep up the great work on your end as well!
@@SpencerJohnsonOfficial Agreed!!!
Great detailed review!! đ
Thank you Bhavin! I'm glad you enjoyed it. Have you used this app yourself?
Do any apps allow you to change what category charges show up in?
Whatâs the app that lets you move purchases around to different cards?
I watch a lot of cc videos, too many đ I have watched (and skipped through) many Max Rewards promo segments, but Iâve never seen a thorough explanation. Thanks! This is the video that convinced me to subscribe. (I hope youâre interested in doing a similar one with CardPointers. I watched a long video by the CP founder on Shaun Laneâs channel and found him very convincing.) Good work!
Thank you so much for saying that Marcus! I know a lot of people are tired of seeing the MaxRewards ads, but I thought it would be good for people to understand if the app may actually be good for them. I personally do enjoy using it and Iâve dabbled with CardPointers in the past, so Iâll need to get some more hands on experience with it to make a video on that. Iâll add it to my list though and will start using it more to see how I like it! Thanks for the suggestion and the kind words man!
This was a good video, thanks. I have had MaxRewards gold for a while. The benefits tracking is not reliable. However, the offers activation does work. I also like the option to mark certain offers as favorites, to remind myself to use them if I get the opportunity.
The security implications of linking some or all of my credit cards to a phone app worry me, but everything Iâve read online seems to suggest that it is as safe as anything else we do with our cards.
For what itâs worth, I hear Cardpointers may be safer because they donât keep the card info. Iâm still figuring out which I should use.
Thanks for saying that Robert! And yeah I can see that my offers are being activated on my Chase and Amex cards which has been great! Itâs awesome to see how many are activated at once. I definitely donât have the time to activate those myself! And thatâs definitely a good way to use that favorites tab. Being able to come back to some really good offers is never a bad thing! And as for safeness, I agree with you. It sometimes can be a bit daunting, but at the same time, thatâs whatâs great about credit cards. Youâre spending the banks money and not your own, so if you did get an account hacked it shouldnât be the end of the world. Thanks for always watching and talking with me in my videos Robert!
At then end of the day, as I mentioned to Robert above, the nice thing about credit cards vs. debit cards is the fact that your personal information is generally not at risk since youâre spending the banks money instead of your own. It would definitely not be ideal to have your information hacked, but if that was happening a lot with any of these apps, I think theyâd go under pretty quick. To me that shows that they all have some pretty great safety measures, knock on wood!
Good review! I just signed up using your referral link
Thanks Ahmed! I really appreciate that!
I don't really care about points right now. What's the best app you track charges, individual card balances, overall balance, and any historical trends?
Good video. I've been using the free version for a while now. The only account that syncs for me is Chase so that's kind of irritating. I keep all my points valued at 1cent per point because I really can't rely on this app to value my points anyways without knowing how I'm going to use them. The best and most important part of this app for me is knowing what card to use where to maximize points.
It sounds like we use this app really similarly! And yeah that seems to be my experience with the syncing issues as well. Iâm interested to see if MaxRewards gold will really be worth it. I feel like unless I go out of my way to use the offers then it wonât be, but who knows! May as well give it a shot. But yes being able to see what card to use where has been super beneficial for me too. Thanks for watching Sledge!
@@SpencerJohnsonOfficial I had Gold free for a month and to me it really wasn't worth it. I may just give $5 to them per month to support the app anyways since I've been using it for free for so long. Again, good video
Yeah that makes sense. To me I figured that $5/month is really not a big deal for an app that I use regularly. It would be great to get positive value from that at the end of the year, so weâll see!
max rewards syncing issues?
If you value MR and UR at 2 cpp, why don't you adjust the point valuation in the app?
I go back and forth on that. Mainly because having it at 1 cpp allows me to do a quick calc of how many points I have in total. That way whenever I go to use my points I know exactly how many I have. Then again, I could also set it to 2 cpp if I know Iâm gonna use my points for travel, but I donât always do that so I like to have it really simple on the app. I hope that kinda makes sense!
Great video!
Thanks so much Kush! Do you use MaxRewards?
@@SpencerJohnsonOfficial Iâm actually still 17 and am an authorized user on my parents card, Iâm hoping to apply for my first card when I start college next year and can apply for the discover student card. Iâll definitely be getting max rewards then to start my own obsession with credit cardsđ
Thatâs awesome youâre so invested in credit cards while youâre still an authorized user! Itâs also great to have your parents add you as an AU while youâre younger! I wish I did that. The Discover it student card is an excellent one to get started with. I actually started with the Chase freedom student which I think was a pretty good move too, but youâll get more cash back with the Discover it in the first year. You getting excited for college or what?
Does this work for the ones like credit one, first premiere, Mercury, and Ally?
I didnât see first premier or ally, but I did see the others. I wonder if they have the list on their website though!
Hi Spencer, which editing software do you use to edit your videos? Thanks!
Hi there! I use Filmora Pro on my PC. I used to use LumaFusion on my iPad which works really well also, but I wanted to utilize my PC more so I switched over the Filmora last month.
@@SpencerJohnsonOfficial Dope, thanks and good luck!
No problem. Thank you!
Have you noticed how the app rounds up the reward and card balance to the nearest dollar? I also noticed my credit utilization percentage is off by a little. Do you still use the spreadsheet system or do you only use MaxRewards nowadays?
They do that for cleanliness purposes but the data is accurate. I use both the spreadsheet and MaxRewards for different purposes right now.
@@SpencerJohnsonOfficial may I know for what, I would like to do the same.
@@Balluh. If you download the spreadsheet I use, you can see I mostly use it for roadmapping my credit cards, keeping track of statuses, etc. MaxRewards is what I use to see all of my cards at a glance (bill due dates, reward balances, total balances, etc.)
@@SpencerJohnsonOfficial Where can I download the spreadsheet? Also, is the Amazon prime visa worth getting if Iâm planning to get the chase trifecta with the sapphire reserve and does the 5x cash back from the amazon prime visa beat using a chase card for Amazon to get ultimate rewards points and then transfer them out to chase travel partners?
Can you add both p1 and p2 on max rewards app? Or would I need 2 separate accounts? Thanks
I was able to add p2 so effectively it is slightly more appealing with the $5 floor
Do you, or anybody reading this, know why I cannot link SOME of my cards. Nothing happens when I click on any of them (that are 'unlinked,' obviously) nothing happens. Heeeelp!!!
Max Rewards doesnât connect to my Chase anymore. Iâm thinking about switching over to cardpointers app
Very interesting! It may have just been for a day or something... sometimes they have a connection issue for a small amount of time. My Chase cards still connect though so I wonder why that's an issue for you?
can you use navy federal credit union cards ?
From what I can tell you can at least add them to your account manually! I don't have an account with NFCU so I can't test if the linking works exactly, but NFCU cards do show up in the app from what I can see.
How much is the gold max rewards??
Whenever I signed up it was about $5/month for 1 year. It can easily be worth it if you use a few of the offers that get auto added to your card, but it depends on how you use it!
MaxRewards isnât pulling in my offers from Citi is that connection not available?
That's a great question! I actually don't think it pulls my Citi cards offers either now that you mention it. Based on what I've read online, Citi offers should be activated as well, but they aren't showing for me right now either for some reason. However. my cards with Citi usually are all linked perfectly and I can see my balances, rewards, and more from the app. Maybe there's a small connection issue with them today. Do you have MaxRewards Gold I assume?
@@SpencerJohnsonOfficial just got gold today so pretty new to the app and noticed those missing.
@@JenBunk Yeah thank you for bringing that up actually. Their website states that it activates Citi offers so that's weird.
@@SpencerJohnsonOfficial okay thanks for looking into it! Iâll keep an eye out if they fix the bug. Love your vids!
No problem! I think itâs just a connection issue today but it should come back online soon. Thank you for watching my vids though! That means a lot.
I never do auto pay
I let my money occur interest in the bank each month and then pay my cards .
Also your credit cards apps do the same as this 3rd party app does .
Plus it doesnât tell you what restaurant or store does what to what card . It should .
My problem is I canât log some of my accounts onto the app. I can put the cards into my wallet but thatâs about all.
That's interesting! I know sometimes they may not have every lender, but I haven't had an issue getting my cards on there. Which ones do you have trouble with?
@@SpencerJohnsonOfficial they donât link any cards by synchrony. I can put them in my wallet but they donât keep track of anything. Also pnc is the same way. I tried the gold and itâs really not worth it if they canât keep track of certain accounts. Synchrony is a big credit card company and PNC is a huge bank.
@@SpencerJohnsonOfficial also sams club. How can you not keep track of one of the largest retailers in the country
Ahhh yeah that makes sense. I bet they donât really keep track of the CUs and banks like Synchrony probably get weird in their system. Thatâs unfortunate for sure, but thank you for letting me know about that! For cards with the big lenders like Chase and Amex, the app works great. I didnât know about that smaller ones though so thatâs good to know.
How do you cancel the gold status? is it a scam?
I wouldnât call it a scam by any means. Itâs definitely been helpful to me. Iâve never cancelled the gold subscription but I would check in your account settings in the app or reach out to their team through email which you can find online. Hope that helps!
@@SpencerJohnsonOfficial yes they answered my email. thanks.
Happy to hear it!
Nothing but pain was Maxrewards, it's stopped linking to my Chase credit cards about six weeks ago and now it won't link to my Citi cards.
It has definitely been a pain in recent past. I'm glad they fixed the Chase card issue, but I am also having similar issues with my Citi cards right now. I hope they get a handle on this soon because I do really enjoy the app as a whole.
@@SpencerJohnsonOfficial i did not know they fixed chase, thanks
@@lmajc494 There may still be kinks, but for the past week or so I have had no issue!
Max rewards is no longer working with Chase Bank. At least not on my account.
Iâve been having issues as well. They did send out an email stating theyâd be giving their gold users a free month of Max Rewards Gold because of this and explained the situation in detail, but Iâm hoping they get it resolved soon.
@@SpencerJohnsonOfficial maxrewards becomes pretty useless to anybody who utilizes it to track Chase, and that is a lot of people.
I get that for sure. It seems like theyâre working pretty hard to implement changes, but until then, Iâm not super happy either.
Dude, you are showing your last 4 card numbers on your video.
Yes I am! I donât worry much about that with all the fraud protection that comes with using a credit card. I havenât had any issues yet, but thank you for the concern!
And it is NOT A quick snapshot because you have to relog and re authorize the data syncing from all the cards EVERY SINGLE TIME! And it DOES NOT AUTO TRACK the bonuses, it does not auto track my 150.000 Amex Platinum rewards, would you like me to show you?
Too bad itâs not free to unlock offers
Thatâs would be nice! Theyâve got to make their money somehow too though. Luckily itâs not very expensive to get them activated and if you use a couple of offers every month itâll pay for itself!
They should rely on ads. Iâve used valuable services from the app Truebill for free
@@mikeyy9073 That would definitely be an interesting way to take it!! Maybe one day thta's what they'll do.
Arent you afraid that MaxReward is gonna "hack" all your credit cards. I mean you gave them all info right?
Not in the slightest! They use similar services to Plaid for encryption, so if you trust Plaid then Iâd trust them too.
You should really cut down on the mindless random gesticulating hand gestures. I know CZcamsrs seem to think it makes them look more intelligent. It doesnât.
Thanks for the input Kendrick! I guess thatâs just how I talk at times. Thanks for sharing your opinion though!
@@SpencerJohnsonOfficial nah keep waving those hands. Kendrick is throwing hate for no reason
Hahah thanks James! I just do me. Maybe it annoys people but Iâm not the kind of person who tries to be someone else just to please people. đ€·đŒââïž