Why CardNav Might Be the Coolest Credit Card App Ever

female using mobile phone in backseat of car

So you might have already heard a thing or two about CardNavSM by CO-OP, and maybe even signed up for it through a participating credit union. So what’s the deal with this app that’s changing how we manage our cards?

You can turn your card on and off.

“CardNav is like a security blanket for your cards,” explains Amanda Atcheson, product marketing manager at CO-OP Financial Services. Not only does CardNav give you greater control over your card, it can also help protect against fraud. You can conveniently turn off your card until you are going to use it, which prevents would-be fraudsters from accessing it. “It’s a great feature for making sure your card is only used by you, giving you peace of mind,” says Atcheson.

You can set spending limits based on location.

One of CardNav’s little-known features is its built-in GPS capabilities. As a lot of credit card fraud happens in an entirely different state, by setting limits on where your card can be used, you’ll receive an extra layer of protection. You can set controls and notifications by either location or region, making sure your card is only used by you. This comes in handy when you leave your card at, say, a restaurant. Your card will automatically turn off, ensuring it doesn’t get into the wrong hands.

You can use it as a budgeting tool.

If you’re concerned about overdoing with the plastic, here are some ways you can use CardNav to help you stick to your budget:

Turn on the threshold feature: You can set dollar limits for transactions to keep your spending in check. For purchases made on your card that go over the set limit or threshold, you’ll receive real-time alerts and can even deny transactions that seem fishy.

Choose which types of merchants to use the card for: Only want to use your card for certain types of purchases? No problem. You can set up your card so it can be used for say, only personal items and gas. Selecting which categories to turn on or off will help you not go overboard and stick to using your card for certain kinds of purchases.

Control transaction types: Trying to kick your online shopping addiction or have a bad habit of taking out too much cash on your card? CardNav gives you the power to control whether you use your card for in-store, online, or recurring purchases, or for ATM cash withdrawals. Combining your knowledge of your personal money weaknesses and CardNav’s capabilities will help you kick any bad spending habits in no time.

With CardNav and its powerful features at your fingertips, you’ll come up with personalized solutions to help with your financial goals and give you greater control over your money. What are you waiting for? Inquire at your local credit union to sign up for it today.