TrendWatching Daily | Innovations

Kudos uses AI to help shoppers determine the best credit card for every purchase

Written by Liesbeth den Toom | Jun 3, 2024 10:44:03 PM

A free AI-powered wallet called Kudos automatically calculates credit card rewards and benefits to help shoppers maximize their cards' potential. It operates as a browser extension and iOS app, optimizing online shopping by determining each item's potential credit card rewards. By paying with the best card for a specific purchase, consumers reap more points and other benefits.

Users can set up a Kudos wallet by selecting their debit and credit cards from an extensive database. The accompanying browser extension displays a yellow badge when they're shopping; clicking it reveals their wallet and showcases the optimal card to employ at checkout. 

Kudos supports over 2 million merchants and is compatible with more than 3,000 credit and debit cards. While currently exclusive to the US, Kudos plans to expand globally. Launched in 2022, the startup has since grown to 200,000 registered users, as reported by TechCrunch, and just raised USD 10 million in series A funding to build out its capabilities as an AI-driven personal finance assistant.