In our recent App Update, we announced IncrediPay - a simple way to pay all your monthly credit bills.
In a nutshell, IncrediPay streamlines multiple credit card repayments into a single, easy monthly payment in the most cost effective way possible. It is a tool that’s available to all Incredible users and does not require a credit check. If you’d like to learn more about IncrediPay, check out the in-depth blog here.
We understand everyone has their own approach for paying off credit cards. Previously, you’d have to do the math, factoring in your preferences, outstanding balances, interest rates and due dates, etc. & switch between each account and do it manually. Not anymore.
We’re happy to announce Payment Strategies - automated repayment plans which automatically calculate and execute the optimal credit payoff strategy, readily available within IncrediPay! You will now be able to automate the Avalanche strategy, which prioritises credit cards with the highest interest rates. We’re also trialling Pay in Full, which focuses on completely paying off all your credit cards. To join the waitlist, simply get in touch with us at support@getincredible.com if you want to get early access.
What’s next: We're working hard to bring you these popular strategies
- Snowball: Prioritising the accounts with the smallest balances
- Credit Boost: Optimising repayments to focus on boosting your credit score
Automation has simplified everything from savings to investment management. Investment platforms, like robo-advisors, also use automation to rebalance portfolios and optimise returns making it easier to invest.
Despite these advances, credit card repayments remain a largely manual and stressful task, often handled through direct debit, which isn’t ideal for most people. You’re either stuck paying the minimum amount, which could mean taking 25 years to clear your debt, or you’re paying in full—something not everyone can afford. With the introduction of automated credit card repayment strategies, we're saving time and money, making it simpler to stay on top of your finances:
- No manual admin: Forget the stress and spreadsheets
- Peace of mind: Just pick the strategy that’s best for your preferences and goals, and let us do the rest
- Living life: Focus on what matters most to you, while we take care of your repayments
Love this new feature? Think it’s missing something? You can reach us in the app or alternatively, send your suggestions to support@getincredible.com. We appreciate your feedback.
As always, Stay Incredible!
