WalletHub

Last updated

WalletHub
Company type Private
Industry Personal finance, Fintech
FoundedAugust 5, 2013;10 years ago (2013-08-05)
Headquarters
Miami
,
U.S.
Number of employees
110
Website www.wallethub.com

WalletHub (formerly CardHub.com) is a personal finance company that launched in August 2013. [1] [2] It is based in Miami [3] and owned by Evolution Finance, Inc. [4] [5]

Contents

WalletHub offers free consumer tools, [6] [7] [8] such as its WalletLiteracy Quiz [9] [10] and its Financial Fitness Tool, which provides users with credit reports, credit scores and credit monitoring. [11] [12] Similarly, WalletHub has tools for comparing credit cards, personal loans, car insurance and bank accounts. [13] [14] [15]

History

According to Web reports, WalletHub initially positioned itself as a "personal finance social network" with a focus on reviews for financial advisors. [2] [16] [17]   It later pivoted to become a comprehensive personal finance platform [18] [19] [20] [21] offering a wide range of tools and resources to help users manage their money effectively. [22] [23] [24] [25]

The company has produced a wide range of research reports, including a quarterly credit card debt report and reports comparing cities and states in financially relevant categories. [26] [27] [28] [29] For example, in mid-November 2021, a weekly New York Times feature used Wallethub's data for what the Times headlined "The Best and Worst Cities For Celebrating Thanksgiving." [30]

WalletHub only covers the US cities with populations of at least 200,000 based on the recent US Census instead of all incorporated cities on different evaluations from best cities to live, raise a family, employment, etc.

Finally, the company successfully overcame a public trademark dispute with Major League Baseball, brought on behalf of the Washington Nationals and Chicago Cubs, in 2015. [31] [32]

Products and services

WalletHub offers a suite of products and services designed to give people more visibility over their finances and help them improve their financial performance. This includes financial-product comparison tools [33] that help people find the best credit cards, [34] [35] [36] [37] car insurance, [38] [39] [40] bank accounts, etc., as well as in-depth studies and analysis. [41] [42] [43] [44] [45] [46] [47] [48] [49] [50] WalletHub also offers free credit scores, reports and monitoring through a partnership with TransUnion. [51] [52] [53] [54] [55] [56] [57]

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References

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  2. 1 2 "New Website Lists Consumer Reviews of Financial Advisors". ThinkAdvisor. Retrieved December 5, 2015.
  3. ↑ "WalletHub". Linkedin. Retrieved December 13, 2022.
  4. ↑ Andriotis, Annamaria (August 22, 2014). "Credit-Card Comparison Sites Come Under Fire". The Wall Street Journal . Retrieved December 5, 2015.
  5. ↑ Jergler, Don (April 8, 2014). "Another Auto Insurance Report for California". Insurance Journal. Retrieved February 28, 2018.
  6. ↑ Givan, Alexandra (February 25, 2015). "Online Calculator Lets You Estimate Savings by Teleworking". WRC-TV News. Retrieved December 5, 2015.
  7. ↑ Gerstner, Lisa. "Save Big by Getting Rid of Your Cable TV". Kiplinger's Personal Finance . Retrieved February 28, 2018.
  8. ↑ Fottrel, Quinten (September 25, 2015). "Why you should upgrade your iPhone every 3 years". MarketWatch . Retrieved December 5, 2015.
  9. ↑ Bigda, Carolyn (April 27, 2015). "WalletHub quiz puts your money know-how to the test". Chicago Tribune . Retrieved December 5, 2015.
  10. ↑ Kennecke, Angela (April 23, 2015). "Finding Your Financial Literacy". KELO-TV News. Retrieved December 5, 2015.
  11. ↑ Stark, Michelle (December 7, 2015). "Feeling uneasy about finances? WalletHub as a new tool that may help". WHNT-TV News. Retrieved December 8, 2015.
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  39. ↑ Donzelli, Joe (February 19, 2024). "Multiple NSU Florida Experts Featured on WalletHub". Newsroom. Retrieved April 19, 2024.
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  49. ↑ "Fed's quarter-point rate hike may be its last for a while. How it affects you and stocks". USA TODAY. Retrieved April 19, 2024.
  50. ↑ "WalletHub: Honolulu city hit hardest by inflation". USA TODAY. Retrieved April 19, 2024.
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  53. ↑ "Free Credit Scores". VantageScore. Retrieved April 19, 2024.
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