Wednesday, January 16, 2013

Apple Passbook and American Express Spending Meter


If you read I spent how much this month!?!?, let's consider this "I spent how much this month, 2.0." If you have an Apple iPhone with iOS 6 or higher and an American Express card, there's another option besides SMS or email for spending meters and transaction notifications. In what is often the norm for Apple products, the solution is slick and easy to use.



What you need
  • Apple iPhone, iPod Touch, or iPad with iOS 6 or higher
  • American Express charge or credit card
  • Online access to your American Express account
How to get started
  • Visit the American Express passbook site using Safari from an Apple device running iOS 6 or higher
  • Complete the form on the landing page and follow the instructions on the American Express site
How to use
That's it! Every time you use the American Express card you registered, you'll receive a notification with both the transaction amount and the new balance.

You'll also see a section in the notifications pull down.

Conclusion
Not surprisingly, Apple has provided a visually-appealing platform to track both transactions and card balance. There are a number of ways to make the most of this functionality:
  • Increase security with real-time monitoring of fraudulent transactions
  • Monitor your balance and the effect on your budget
  • Limit the American Express card for a certain category of purchases, e.g. business expenses, and track the balance of the purchases within the select category
  • Others?

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