Rockstar Review: Debitize (Use Credit Cards Like Debit Cards!)

This is part of our Rockstar Reviews series. Be sure to check out all previous products we’ve reviewed!

Who it’s for: Those who want help managing their credit card payments/staying out of debt. Ease of use: Set up a link between Debitize and your credit cards/bank accounts - that's it! What I liked about it: It is completely automated and very flexible. What I didn’t like about it: Requires providing Debitize access to credit card and bank account information. (Free!)

A Clever Way to Turn Your Credit Cards Into Debit Cards

I like to think of Debitize as the antithesis of temptation. The inverse of entrapment. The counter to bait. Okay, what exactly am I getting at here? Debitize helps keep you out of credit card debt by creating a link between your credit cards and your bank account. It also pays your credit card bills for you. Simply use your cards as normal and let the Debitize system take care of the rest. It’s a clever system that essentially turns your credit cards into debit cards, but without losing your credit card points. The temptation to run up mountains of credit debt instantly becomes tough. Let’s take a look at how it works in detail below.

How Debitize Works

Debitize is easy to setup:

  • First, sign up for an account with your email, name and a password.
  • Connect your regular bank account, as well as each credit card that you use, to your Debitize profile online.
  • Lastly, proceed to use your credit cards as you normally would.

That’s it. You're done. Once your financial accounts are connected to your profile, proceed to do business like you normally would. Remember that Debitize does NOT issue you a credit card. You keep using your own cards on your own purchases. I like that it’s unobtrusive. Every time you make a purchase with your credit card, Debitize will automatically transfer that amount of money from your bank account to your Debitize account. Then, Debitize will proceed to pay your credit card bills for you by using the money that was transferred in throughout the month. Of course, you can adjust how much of your credit card bill will be paid off as well as the amount that Debitize transfers in. Though we all know paying off 100% of it is best! But, stuff happens. Plans change. Money becomes tight. What happens if you need access to money that has been transferred into your Debitize account? You can always transfer it straight back. Use this sparingly! Remember, the point is to keep out of credit card debt by retraining your mind to think differently about each purchase.

Retrain Your Mind

Rather than using your credit card to spend more money than you probably should, Debitize helps you to instantly (and automatically) "pay for" every expense charged to your credit card. Your bank account will shrink as you continue to spend, providing constant visibility into your financial situation. This critical feedback helps you make better decisions about your money. It keeps you honest and makes the question "Do I have enough money to make this purchase?" much more obvious, and the peace of mind in knowing your finances is simply amazing. Once we truly begin to understand our financial standing, money choices become easier to make! It works. Check out this message our friend Jenny sent us when we went looking for people who have used Debitize before:

I've been on the path of budgeting and paying down my CC balances for about a year now, and started using Debitize at the start of the summer.  IT IS LIFE CHANGING.  I struggle with budgeting a little bit, bc I am the type that looks at my checking account and thinks that's how much money I have to spend (I know its not the best mindset, it's just how I am wired)! Enter cash/debit only diet, which was great, but I am neurotic about protecting my identity and missed out on that from a credit card. Then came debitize! Now I am much better about staying in my lanes, I check daily to make sure my debitize account is fully funded, and I NEVER worry about paying my balance, they take care of it for me! I'm happy to report I will be CC debt free on New Year's Eve, and I give debitize a lot of credit for that :)

Congrats, Jenny! Though don't forget it was YOU who ultimately took control ;)

Interview with Founder, Liran Amrany

. 6. Can this service help me to pay off my mortgage faster? Pretty please?!? Not yet, but that's certainly where we're eventually taking this! Mortgage, student loans, personal loans - we'll help you pay them down quickly and optimally. And we're also going to help you cover other expenses like rent, tuition, utilities, insurance payments, and more.

Interested in checking out Debitize? Sign up here (it's free)!

(Rockstar readers get a $10 credit towards their next credit card bill!)

All Rockstar Reviews include affiliate links to the companies being featured. Thank you to all those who support our site by going through them when you find them helpful!