The Bright User Impact Story
Avi Patchava, Varun Modi, Amit Bendale, Avinash Ramakanth, Deepak Thakkar
Published on December 11, 2019
Bright was launched in private Beta in January 2020. Since then, there have been more than ten thousand users who have been using Bright in recent months.
Data Science is at the heart of Bright. In August, our Data Sciences team did a full study of our users to understand how Bright has helped them. We studied approx. 5,000 users over several months of using the Bright money science system.
These are the 9 big facts about the benefits of using Bright:
The average Bright user is able to reduce their card balances by up to $200 every single month
Users benefit from interest cost savings of +$900 per year
Users start to see reductions in their balances within 30 days of using Bright
+20% of users are able to wipe our a card balance completely using Bright, within just months
The average user saves late fees of +$55 per year
Users benefit from improve free cash of +$30 every month, just by having Bright on for them
The average Bright user has connected 3 credit cards to Bright, that are run on autopilot
The average Bright user gets the impact of Bright money science by Bright making 12 transactions per month for them, across their credit cards and bank accounts. More frequent payments means lower interest costs
Impact of peace of mind and time-saved - priceless
To see more about what users say about Bright in their own words, read this post with user interviews about Bright:
Bright User Interviews: August 2020.