Capital One (COF) is beta testing a super cool app enabling cardholders to set a personalized spend cap to manage what they borrow on their card. Capital One Inform also tracks and visualizes what the cardholder spent.
COF says everyone uses credit differently. That’s why Inform lets cardholders set a personal Spend Cap so they don’t overspend on their card.
COF’s Inform visualizes spending so cardholders can see exactly how much they have charged to their credit card. Plus, it notifies the cardholder if they are near or over your Spend Cap so there are never any surprises.
COF’s Inform also gives you guidance on your payment decisions, as their making them, so they know what to expect.
COF notes when an app is in pilot or “beta,” it means they are testing the app to determine whether we should offer it for a longer period of time; however, COF may discontinue the app and its features at any time. During the test period, COF needs users to give the app a try and help us make improvements for future users. As a pilot user.
For data, background and forecasts on Capital One: Search CardWeb.com’s CardFlash® Library of more than 58,000 archived articles; Access CardWeb.com’s CardData® for current and historical Performance, Portfolios, Profiles, etc. Visit RAM Research® (ramresearch.com) for quarterly and annual forecasts covering more than 150 metrics. [complimentary or deeply discounted access to CardWeb.com subscribers].
Additional database resources include CardWeb.com’s CardExecs® – comings & goings of payments movers & shakers; CardWeb.com’s CardWatch® – ears & eyes on marketing globally (57K items); and CardWeb.com’s CardPixes® – form & function of card design (7K items).