Billshrink is an incredibly helpful service that lets you know when you could be spending less on a service that you use. But when things go wrong, it’s a little silly and not helpful at all. Ben reports that he keeps receiving these notices about how he could spend more money on his Verizon Wireless bill.
BillShrink compared the new iPhone 4 to the Droid Incredible, the Evo 4G, and the Nexus One to see which one is the cheapest in total cost of ownership, and the results were somewhat surprising given the iPhone’s reputation as a money gobbler. If you opt for the cheapest data plan AT&T offers, the TCO for the iPhone 4 is the only one of the four devices that comes in under the $2,000 mark. But beware! That “cheapest data plan” conditional is a pretty tricky one.
Greg wrote to us and said that he’s in the market for a new credit card: “I canceled my Chase card because they raised my interest rate to 29.99% + prime. What credit card companies should I be looking at for a replacement card? What are their perks, their drawbacks?”
I spoke with Samir Kothari, the co-founder and vice president of products at BillShrink.com, to see what he thinks about the CARD Act and how it will change the credit card marketplace.
I have a card with one bank (that I am trying my hardest to pay off ASAP) that is 24% APR. It is killing me. A week or two ago, you had an article about a woman who paid off all her credit card debt over the course of 20 months or so. Good for her and it was a good story. One thing about it had me wondering though. She said that she negotiated with her lenders to get lower interest rates on her cards. How do you suggest I do that?
BillShrink’s free credit card comparison service launches today, and you should check it out to see whether your current credit card is the best available option for you. The great thing about BillShrink is it doesn’t try to get you to sign up for a particular card—it simply aggregates the information on each one, then helps you quickly navigate your options to find the best choice for your specific needs. (The site makes money when you sign up for a new service.)
Billshrink.com is going to bring a never-before-seen level of transparency to consumers looking for the best credit card offer. Think of it as a turbocharged dashboard for navigating the credit card market. The site launched earlier this year as wireless plan comparison service, but with personal debt at record highs and personal savings rates at record lows, the credit card vector is potentially even more important and useful tool. I sat down with CEO Peter Pham yesterday as he showed me the actual website in action.
BillShrink is a new site that analyzes your cellphone use and shows you the plan from all the carriers that will save you the most money. You can either manually enter your zip and how much you’re paying monthly, or the more security cavalier can get more detailed results by offering up their cellphone number and carrier site password. I tested it out and while some parts of the website had to be tried a few times to get them to work, overall it was a good ride. They told me I could save $205 a year by switching to Tmobile. I’ll think about it.