Finance and Investment

What is NerdWallet and is it a Legit Company? 5 Things You Need to Know

There are many personal finance website and Apps out there that will help you learn how to manage your money better. But in my candid opinion, NerdWallet is among the very best.

The personal finance website started back in 2009 with the mission of helping consumers make smarter and better decisions with their money.

This article reviews the NerdWallet, addressing the topics below;

  • What is NerdWallet?
  • What are areas that NerdWallet helps readers with?
  • How does NerdWallet make money?
  • Is NerdWallet safe?
  • Is NerdWallet legit?

NerdWallet helps consumers know more about savings, investments, mortgages, student loans, insurance, credit cards, and more.

The mission is to help readers learn how to grow their money, discover financial products that fit their needs, and manage their money better.

My review of NerdWallet

What is NerdWallet?

NerdWallet is an American personal finance company that was founded in 2009 by Tim Chen and Jacob Gibson. The company is headquartered in San Francisco and employs more than 600 employees.

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Tim has an economics degree and a Wall Street background, but started NerdWallet after his sister asked for his assistance finding the best credit card for her.

Although he found it difficult to find the best credit card recommendations for her, he put all of the credit card information he researched into a spreadsheet, and from there NerdWallet’s first credit cards tool was built.

The NerdWallet website has articles and tools to help readers make financial decisions with confidence and keep tabs on all their finances and credit score in one place.

What features of NerdWallet

NerdWallet helps consumers and readers in many different financial areas so that they can make the best financial decisions.

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These are the services of NerdWallet;

Credit cards – NerdWallet helps consumers find the best credit card by providing research on different credit cards.

The website allows you to compare credit cards, link your credit card accounts to receive recommendations on what card would be the best for you, and so on.

Savings – NerdWallet has researched many different financial institutions so that you can make the most of your savings.

House shopping – If you are thinking of or searching for a house to buy, NerdWallet has made some in-depth reviews on mortgage lenders that you could choose from.

Guides and tips – The NerdWallet website is full of extremely helpful articles, such as how to budget, understanding insurance, learning how to complete your FAFSA, first-time home buyer tips, how much to save for retirement, how to open a bank account, and more.

How does NerdWallet make money?

NerdWallet makes money through affiliate marketing, the products they review and write about.

When NerdWallet matches you with a financial product, they make money, and you get matched with one or more products that could be right for you.

For example, if a reader clicks a link from NerdWallet’s site, and register, make a purchase or gets approved for a product, NerdWallet may receive a referral fee from the financial company or organization they work with.

FAQs of NerdWallet

Is NerdWallet safe?

Yes, NerdWallet is a safe. The personal finance website does not store bank passwords or credentials, so your details use to get approval for a product is secured and protected.

Is NerdWallet reliable?

Ne reliable site and app. I often use NerdWallet to learn more about financial topics that I am not familiar with, and have learned a lot over the years.

How secure is NerdWallet?

NerdWallet uses industry-standard controls to keep personal information safe and secure, so you can trust them.

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Is NerdWallet legit?

Yes, NerdWallet is legitimate. It is a well-known personal finance website that has helped many people make better financial decisions.

More than 90,000 users have given the NerdWallet app a 4.8 out of 5-star rating on App Store alone

The NerdWallet App provides financial guidance to more than 100 million consumers every year.

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