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About NerdWallet
Founded in 2009, NerdWallet provides personal finance advice and education both online and through its app. Consumers can compare banking, credit card, lending and insurance options. The website and app are free to use. The company does not offer financial products directly. It does, however, earn money through various partnerships for financial services. NerdWallet is available for consumers in the U.S., U.K., Canada and Australia.
Pros & Cons
- Free credit monitoring
- Free net worth and cash flow tracker
- No phone support
- No direct products
What is NerdWallet?
NerdWallet is an online platform offering both advice and various financial comparison tools, such as online calculators, as well as financial news impacting consumers. NerdWallet strives to help consumers make informed decisions about spending and saving. The platform features a wide range of information on borrowing, including numerous credit card comparison tools, so you can select a card based on your own financial goals or habits.
NerdWallet also offers a free app that allows you to monitor your credit score, track your budget, set bill reminders and get personalized financial advice. Users can also use the app to compare companies and products.
How does NerdWallet work?
Anyone can access the comparison tools and financial advice on NerdWallet’s website, but if you want a customizable dashboard for your personal finances, you will need to sign up for a free account. All you need is an email address to create an account or access the app.
You will then have the option to add your Social Security number, credit cards, bank accounts and house information. This allows you to access your cash flow, net worth and credit score. How much information you link to NerdWallet’s dashboard is your choice.
NerdWallet services
NerdWallet offers consumers and small and midsize businesses tools so they can learn, shop and make decisions about their money. NerdWallet offers over a dozen consumer-focused marketplaces, which provide side-by-side product comparisons and complete product details.
The various consumer marketplaces include:
- Credit cards
- Banking
- Investing
- Travel
- Mortgages
- Personal loans
- Student loans
- Insurance
- Auto loans
- Small business
- Medicare
- Taxes
If you download the app, you can monitor your finances and get personalized credit card offers. You can also track bills and get personalized financial advice.
NerdWallet pricing
NerdWallet is completely free to use. There is no cost to set up an account, view your credit score or track spending and cash flow.
NerdWallet makes money from partnerships with companies that offer financial products, including bank accounts, car insurance, car loans, credit cards, home insurance, life insurance, home loans, personal loans and more. You can see a full list of these partners on NerdWallet’s website.
NerdWallet FAQ
Does NerdWallet hurt your credit score?
According to the company, checking your credit score on NerdWallet only prompts a soft inquiry on your report and therefore does not affect your score. Even checking your score often will not affect your overall score.
Why does NerdWallet want my SSN?
Your Social Security number is needed to pull your credit score. You can skip providing NerdWallet with your Social Security number, but you won’t be able to track your credit score.
Is NerdWallet better than Credit Karma?
It depends on what you’re looking for. If you are searching for reviews and comparison tools, NerdWallet is superior. However, many users prefer Credit Karma for credit monitoring.
Which credit system does NerdWallet use?
NerdWallet uses VantageScore 3.0 from TransUnion.
Is NerdWallet legit?
NerdWallet is a legitimate company that has been around since 2009. It is upfront with how it makes money and is transparent about its partners. Its free app is highly rated both on Google Play and the Apple App Store.
NerdWallet Company Information
- Company Name:
- NerdWallet
- Website:
- www.nerdwallet.com
NerdWallet Reviews
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- 4,568,019 reviews on ConsumerAffairs are verified.
- We require contact information to ensure our reviewers are real.
- We use intelligent software that helps us maintain the integrity of reviews.
- Our moderators read all reviews to verify quality and helpfulness.
Reviewed Sept. 26, 2023
NerdWallet is amazing for staying organized! Keeps my net worth, credit score & bills all in one place. I highly recommend this app!! Best in the business. I also love how I received many tips & articles to read to stay up to date on the latest financial news.
We appreciate your kind feedback, Kenia! We're so glad you're finding our features helpful and it sounds like you're making great use of them to keep your finances in shape :)
Reviewed Aug. 29, 2023
I like reading the articles. They are helpful. I really liked the article on student loans. It prompted me to get ready for paying back to start back up. I like the fact that every week I get to see my credit score. It’s in my inbox. Ready for me to look at.
Thanks for the kind review, Pam! It sounds like you're taking control of your finances and we're glad to be a helpful resource for that journey.
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