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What is NerdWallet?
We like to think of ourselves as the first ".org" personal finance search site, meaning that we offer a service unparalleled in the industry, without sacrificing user welfare to optimize profits. Where other sites offer only a small, hand-picked selection of big bank credit cards and savings accounts, we scour the financial universe to bring you any and every bank and credit union we can find, along with our own unbiased take on what various rewards programs or deposit accounts are actually worth. With the highest quality research, and a dead-simple set of search tools, we have no doubt you'll be able to find the financial products that save you the most money.
Why do you ask for my credit/spending/income information?
With this information, we're able to find the perfect card or savings account for your individual needs. Some credit cards offer different reward rates for different spending categories, like gas and groceries. And most offer different fees and interest rates based on your credit history. As for deposit accounts, municipal funds often offer tax-free income in exchange for lower rates, so we calculate exactly how much this is worth to you. Finally, we ask for your location because credit unions generally have membership requirements based on where you live, so we use it to find those you qualify for.
Are you storing any of my information?
Nope! You'll notice that we don't require you to enter your name, or even your e-mail address before using our site. And if you choose to apply for a card, we don't take any of your information on our site. Instead, we send you off to the card issuer's site where your information will be safe.
How are your results different from other credit card sites?
We offer more than five times the cards of other sites, including non-sponsored as well as sponsored cards. This means that we have higher rewards and lower rates on average than any other site. We put together the following tables to show exactly what we mean:
Table 1 – Rewards Credit Card Search Results, Excellent Credit, as of March 5, 2010. Source: NerdWallet.com
Table 2 – Low APR Credit Card Search Results, Excellent Credit, as of March 5, 2010. Source: NerdWallet.com
How are you ranking my search results?
As transparently as possible. We give you a breakdown of exactly how we're calculating your rewards and interest rates, and we rank the results based solely on these numbers. All the information is right there in front of you to compare.
So you're clearly not a non-profit, how are you making money?
Less than 10% of our credit cards are sponsored, so our monetization definitely suffers, but we've been able to keep our costs extraordinarily low. We're also self-funded, which means we're not beholden to any investors for short-term profit objectives. This means our only incentive is to do what's right for our users, and we're confident that by remaining the best source for unbiased credit card information, we will make more than enough money to keep the lights on.
Are you hiring?
Yes! Check out our jobs page to see our current openings!
Where can I get more information?
For more information about NerdWallet and who we are, check out our press room. If you want to learn more about credit card reward programs or changes in the credit card industry, check out our blog. If you're ready to find out which financial products are right for you, head on over to the credit card finder, or our savings rate tool.