A new startup called BillShrink that is quite similar to LowerMyBills, has announced that they will now help their users cut costs on their Credit Cards, using their automated advisor. Prior to helping with Credit Cards, billshrink mostly helped users save money on phone bills. Their free advisor engine would analyze a cell phone bill and plan, and then monitor the usage and make suggestions for lowering costs.
Using billshrink’s new feature, users can find the best match in a credit card. It is almost like a matchmaking service for finding love in a credit card. Afer deciding which kind of card is right, a user enters in the amount that they usually spend in a month. Once Billshrink has gathered a good amount of data about your usage, they provide a list of the best credit card matches, and shows with is the most compatible for your spending habits. Billshrink monitors the card and if a more cost effective card comes out, or perhaps a fee is changed, they will notify their users. They do not stop there, Billshrink also keeps abreast on promotions, rewards programs and other features credit cards offer, making new recommendations along the way to help the consumer save money.
BillShrink is run by Peter Pham, who once worked at Photobucket.