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Comments on “Debitize”
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Liran Amrany@liranamrany · Founder, Debitize
Hey PHers! I’m Liran, co-founder and CEO of Debitize. Debitize automates good personal finance habits, starting with credit cards. With Debitize, you can use any credit card like a debit card so you can build credit and earn rewards without worrying about interest and late fees. What separates us from other apps are: 1) Action, not advice. We don’t just … See more
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Nathan Bashaw@nbashaw · Co-founder and CEO of Hardbound
@liranamrany congrats!! Awesome to see how far you've come!
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Liran Amrany@liranamrany · Founder, Debitize
@nbashaw Thanks Nathan!
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Brad Kovach@bradkovach · Web Developer, UL
@liranamrany Is the Credit Optimizer feature a line of credit, or will it withdraw from my checking to accomplish this feature?
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Derek E. Silva@dereksilva
@liranamrany Which countries and/or banks are supported right now? That's not addressed in the FAQ.
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Liran Amrany@liranamrany · Founder, Debitize
@bradkovach We do not provide any line of credit. We'll withdraw funds from your checking account - either daily automated withdrawals or manual withdrawals when you tell us to - and then make the payment to your credit card right before your statement date for Credit Optimzer, plus another automated payment to your credit card before your due date for any r… See more
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Liran Amrany@liranamrany · Founder, Debitize
@dereksilva Hi Derek, good point. Right now we support most banks in the US, and will be adding more by the end of the year. Amex for example we don't yet have reliable statement info, but working on it! Unfortunately no near term plans to allow banks outside the US.
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Derek E. Silva@dereksilva
@liranamrany I figured it was US only for now. Oh well. 🇨🇦
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Brad Kovach@bradkovach · Web Developer, UL
@liranamrany Good to know. Put that information on the credit optimizer page! How do all of your algorithms work when there isn't enough in checking to execute the payment strategy(ies)?
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Liran Amrany@liranamrany · Founder, Debitize
@bradkovach We'll send you reminders anytime you're short, as well as continue to monitor your checking account for more deposits. But since we're not extending credit, we'll pay what we can from your Debitize account and you're on the hook for the rest.
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