A Mobile app that helps you manage you r credit card.

Summary: This project addresses the challenge of managing credit card usage and improving credit scores. The proposed solution offers a detailed analysis of users' credit cards, provides tailored best practices for maintaining credit health, analyzes spending behavior, suggests budget assessments for planned purchases, and ultimately aims to integrate payment functionalities, creating a comprehensive financial management tool.

The basic premise is you add your credit cards and get a detailed analysis of it.

It would suggest the best practices to follow to maintain a good credit score and also suggest how much monthly

expenditures you should be doing to grow your card limit.

It would also warn you to look at your spending behaviour and would suggest preventive measures.

You would submit a budget in this app when you plan to buy stuff and it would tell you, if it is plausible and if not what is the best next thing that you could do.

Eventually would like to implement payments too just like how CRED does.

Source of Idea:

A friend complained about how his card limit is low even after doing everything he thought was best.

Then a friend who works in finance told me what are the actual things that matter, contrary to popular beliefs.

And we thought we could make something for it.

Skills Needed to Execute This Idea:

Software DevelopmentFinancial AnalysisUser Experience DesignData VisualizationBudgeting ToolsCredit Score OptimizationMobile App DevelopmentBehavioral AnalyticsPayment IntegrationMachine LearningUser Interface DesignDatabase ManagementSecurity ProtocolsAPI Development

Categories:FinanceDigital ProductAppStartupsAIData Science

Hours To Execute (basic)

200 hours to execute minimal version ()

Hours to Execute (full)

800 hours to execute full idea ()

Estd No of Collaborators

1-10 Collaborators ()

Financial Potential

$1M–10M Potential ()

Impact Breadth

Affects 1K-100K people ()

Impact Depth

Significant Impact ()

Impact Positivity

Probably Helpful ()

Impact Duration

Impacts Lasts 1-3 Years ()

Uniqueness

Somewhat Unique ()

Implementability

Moderately Difficult to Implement ()

Plausibility

Reasonably Sound ()

Replicability

Moderately Difficult to Replicate ()

Market Timing

Good Timing ()

Project Type

Digital Product

Project idea submitted by u/izaan.