App Comparison
MaxRewards vs Fenrir Ledger
MaxRewards optimizes spend. Fenrir Ledger tracks your churning pipeline — sign-up bonuses, minimum spend deadlines, annual fees, and 5/24 status. Both are useful. They answer different questions.
By Odin
For churners managing a sign-up bonus pipeline, Fenrir Ledger is purpose-built for the job MaxRewards does not address: minimum spend tracking, 5/24 status, and annual fee renewal decisions. MaxRewards remains the best-in-class tool for real-time spend optimization and Amex Offers automation.
For Churners
Fenrir Ledger
Bonus pipeline mgmt
Feature Comparison
| Feature | MaxRewards | Fenrir Ledger |
|---|---|---|
| Sign-up bonus tracking | Not the focus | Core feature |
| Minimum spend deadlines | Not available | Per-card MSR + deadline |
| Annual fee reminders | Not available | Date-based reminders |
| 5/24 status tracking | Not available | Built-in 5/24 counter |
| Card recommendation engine[src] | Real-time per-merchant | Not in scope |
| Amex Offers automation[src] | Gold tier (published feature) | Not in scope |
| Portfolio overview | Card list + rewards rates | Cards + bonus pipeline |
| Mobile platform[src] | iOS + Android (native) | Web (any device) |
| Free tier | Yes | Yes (Thrall plan) |
| Paid tier price | Gold subscription (see website) | $3.99/month (Karl plan) |
| Privacy — no card number needed | Yes | Yes — no card numbers stored |
ᚢ Winner cells: bold + underline. Color is not the sole differentiator (WCAG 2.1 AA). MaxRewards features sourced from their public website and App Store listing.
Pricing
MaxRewards[pricing source]
- FreeCore card portfolio and basic rewards tracking.
- GoldAmex Offers automation and full recommendation engine. See their website for current pricing.
Fenrir Ledger
- Thrall — FreeSign-up bonus tracking, annual fee reminders, and 5/24 counter with no time limit.
- Karl — $3.99/monthUnlimited cards, advanced MSR tracking, and export. See /pricing for full details.
Best For
MaxRewards
- Cardholders who want the best card for every purchase
- Amex collectors who want Amex Offers enrolled automatically
- Users who prefer a native iOS or Android app
- Those optimizing spend rewards on a stable card portfolio
Fenrir Ledger
- Churners running a structured sign-up bonus pipeline
- Anyone tracking minimum spend deadlines across multiple cards
- Chase cardholders managing 5/24 slot strategy
- Those who need annual fee renewal reminders tied to open dates
MaxRewards: Honest Assessment
All claims below reflect publicly available information from maxrewards.com and their App Store listing.
Strengths
- Purpose-built card recommendation engine
- Amex Offers automation saves time on manual enrollment
- Native iOS + Android apps with polished UI
- Free tier covers the core spend-optimization use case
Gaps for Churners
- No sign-up bonus or minimum spend deadline tracking
- No 5/24 status counter or Chase slot management
- No annual fee renewal reminders by open date
- Advanced features require Gold subscription
Getting Started with Fenrir Ledger
Adding Fenrir Ledger to your toolkit takes under five minutes. No card numbers required.
List every card in your wallet
In Fenrir Ledger, add each card from the catalog. You can search by issuer or card name.
Enter your sign-up bonus targets
For each recently opened card, enter the bonus amount and minimum spend required. Find these in your original approval email or the card's terms page.
Set the account open date
The open date drives your annual fee reminder and your 5/24 calculation. Use the date on your approval email or first statement.
Enable annual fee reminders
Fenrir Ledger will alert you before each annual fee posts so you can decide whether to keep, downgrade, or close the card.
Keep MaxRewards for spend decisions
You do not have to choose. Run MaxRewards for point-of-sale recommendations and Fenrir Ledger for your churning pipeline — they serve different workflows.
Ready to track your bonus pipeline?
Free forever on the Thrall plan. No credit card required.