Incredible

Incredible is an app that hopes to help people manage this kind of debt - and get out of it faster. The idea is to centralise payment, interest, and management of all credit cards on a single platform to allow for comprehensive monitoring. Incredible will also give tips and strategies to speed up debt repayment. It’s a far simpler solution than credit card management apps like Tally, which consolidate debt payments. This may play in Incredible's favour, netting customers that simply want help to keep on top of things without committing to debt refinancing.

It’s a neat concept, and is currently still in development, so precisely what form these features will take remains to be seen. Nevertheless, with average interest rates across UK cards rising steadily, and customers in Incredible’s UK market racking up more credit card debt over recent months than ever before, this is a wise offering that could stand to make a substantial impact.