When it comes to choosing the right credit card, the array of options can be overwhelming. From interest rates to fees to rewards, there are numerous factors to consider. So, how can you determine which card is the best fit for your needs? That's where our personalized scoring system comes in.
Understanding Your 'Personalized Score'
Your 'Personalized Score' is a unique rating, ranging up to 5 stars, that takes into account all the factors that are important to you. This score is tailored to your preferences, meaning a card that receives a '5-star' rating for you may not necessarily receive the same rating for someone else.
How the Score is Calculated
We begin by evaluating each individual factor of a card and assigning a score accordingly. Factors include Total Financial Value, alignment with your reward program preferences, issuer compatibility, likelihood of approval, and more. These scores are then weighted based on their importance to you and combined to create an overall 'Personalized Score'.
It's important to note that banks and card issuers can not influence this score. It is solely based on your preferences and the features of each card.
Why Your Personalized Score Matters
Your Personalized Score serves as a valuable tool for quickly comparing credit cards based on your unique preferences. It provides a convenient way to identify the cards that best align with your needs and priorities. Additionally, it allows you to compare different cards against each other, ensuring you select the one that offers the best overall fit.
For instance, you might discover that a card with a higher Total Financial Value is rated lower for you than one with a lower value because other factors, such as reward program alignment, hold greater significance for you.
Our goal is to ensure that the card with the highest-rated score is the one that best fits your preferences overall.