Discover Card launches new tool for spending analysis
Discover Financial Services recently launched its newest financial tool, the Spend Analyzer.
Discover cardholders can use the free tool online to better understand where their money goes. The analyzer provides visual representation of all Discover card purchases through graphs and charts, organized into common categories like travel, grocery and gas.
“The financial tool also allows cardmembers to take a closer look at their spending, with the ability to drill down to view a greater detail and compare spending behavior over time,” a press release issued by the company stated.
The Spend Analyzer does not require any importing of financial information, working automatically to categorize purchases and spending information. The tool allows consumers to track and sort spending by category, by merchant or by month. It displays up to two years of credit activity.
“The Spend Analyzer is the latest online tool Discover offers to help cardmembers better manage their spending,” Mike Bousch, vice president of marketing strategy said. “The tool helps cardmembers track where their money goes by providing an insightful, visual representation of where and how they use their card.”
To use the Spend Analyzer, consumers can apply for a Discover card at www.discover.com. Existing cardmembers can use the tool by logging into the account center and clicking on the Tools and Advice tab.
