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WalletHub

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WalletHub
Company typePrivate
IndustryPersonal finance, Fintech
FoundedAugust 5, 2013; 11 years ago (2013-08-05)
Headquarters,
Number of employees
110
Websitewww.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]

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

[edit]

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 The 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

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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]

References

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  1. ^ Jones, Michelle. "Personal Finance Social Network WalletHub Launches Today". ValueWalk. Retrieved December 5, 2015.
  2. ^ a b "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.
  12. ^ Highfield, David (December 3, 2015). "New Financial Tool Could Help Manage Holiday Budgeting". KDKA-TV News. Retrieved December 8, 2015.
  13. ^ "The Best Personal Finance Software for 2023". PCMAG. Retrieved June 9, 2023.
  14. ^ "Brandon J. Sheridan featured in WalletHub report on best credit cards". Today at Elon. February 22, 2023. Retrieved June 9, 2023.
  15. ^ "Fed's quarter-point rate hike may be its last for a while. How it affects you and stocks". USA TODAY. Retrieved June 9, 2023.
  16. ^ Skinner, Liz (August 15, 2013). "Yelp for advisers?". Investment News. Retrieved December 5, 2015.
  17. ^ Eisenberg, Richard. "Can Financial Planners Be Rated Like Yelp?". Next Avenue. Retrieved February 28, 2018.
  18. ^ Rains, Taylor. "A new report ranked US airlines worst to best using several metrics — see how they stacked up against one another". Business Insider. Retrieved June 9, 2023.
  19. ^ "SIX fintech sectors transforming the financial industry". fintechmagazine.com. November 25, 2022. Retrieved June 9, 2023.
  20. ^ "Top Sources for Free Credit Scores". Investopedia. Retrieved June 9, 2023.
  21. ^ "Americans are piling on credit card debt, despite recession warnings". NBC News. September 10, 2019. Retrieved June 9, 2023.
  22. ^ Scott, Ryan (February 15, 2023). "A&M-Commerce Faculty Featured in WalletHub 'Ask the Experts' Series". Texas A&M University-Commerce. Retrieved June 9, 2023.
  23. ^ "People Are Missing Monthly Payments…Because They Forgot - Your Money Briefing - WSJ Podcasts". WSJ. Retrieved June 9, 2023.
  24. ^ "The 6 Best Apps to Maximize Your Credit Card Rewards". MUO. December 31, 2022. Retrieved June 9, 2023.
  25. ^ Foy, Kayla (November 18, 2022). "Best Black-Friday deals of 2022". WMAR 2 News Baltimore. Retrieved June 9, 2023.
  26. ^ Schiff, Molly (August 5, 2022). "The 7 places in the U.S. with the most credit card debt". NBC Universal. Retrieved December 13, 2022.
  27. ^ Mejia, Jessica (October 25, 2022). "South Carolina ranked 9th least safe state, according to WalletHub". ABC Columbia. Retrieved December 13, 2022.
  28. ^ Wallace, Lance. "Oglethorpe Ranks Highly in 'Cost & Financing' in WalletHub Best Colleges List". oglethorpe.edu. Oglethorpe University. Retrieved December 13, 2022.
  29. ^ Carberry Mogan, Luke (August 20, 2022). "Map: These are the states with the most and least credit card debt". Yahoo Finance. Retrieved December 13, 2022.
  30. ^ Michael Kolomatsky (November 18, 2021). "Which Cities Are Best at Celebrating Thanksgiving?". The New York Times. Archived from the original on August 15, 2022. Retrieved August 15, 2022.
  31. ^ Medici, Andy (August 24, 2015). "This sentence caused MLB to drop trademark dispute with small D.C. firm". Washington Business Journal. Archived from the original on May 29, 2017. Retrieved June 9, 2023.
  32. ^ Overly, Steven (April 9, 2023). "Meet the start-up in a trademark war with the Washington Nationals, Chicago Cubs". Washington Post. ISSN 0190-8286. Retrieved June 9, 2023.
  33. ^ Yakal, Kathy. "The Best Personal Finance Software for 2024". PCMAG. Retrieved April 19, 2024.
  34. ^ "[WalletHub] Best Travel Credit Cards of December 2023 | School of Hospitality Administration". www.bu.edu. School of Hospitality Administration. Retrieved April 19, 2024.
  35. ^ "WIU Finance Professor Featured in WalletHub Article - WIU News". www.wiu.edu. Western Illinois University. Retrieved April 19, 2024.
  36. ^ "Purdue Federal Credit Union recognized in WalletHub's "Best No Balance Transfer Fee Credit Cards" for 2024". CUInsight. April 15, 2024. Retrieved April 19, 2024.
  37. ^ "Brandon J. Sheridan featured in WalletHub report on best credit cards". Today at Elon. Elon University. February 22, 2023. Retrieved April 19, 2024.
  38. ^ Lavery, Rosemary (November 2, 2023). "Quintal on Branding & Car Insurance: WalletHub". Emerson Today. Retrieved April 19, 2024.
  39. ^ Donzelli, Joe (February 19, 2024). "Multiple NSU Florida Experts Featured on WalletHub". Newsroom. Retrieved April 19, 2024.
  40. ^ Hay, Bryan (November 30, 2023). "In the media: Prof. Kincaid featured in WalletHub on car insurance issues". News. Retrieved April 19, 2024.
  41. ^ DeVon, Cheyenne (November 23, 2023). "25% of Americans still have holiday debt from last year: 'If you're in a hole, stop digging,' says money expert". CNBC. Retrieved April 19, 2024.
  42. ^ Kathryn Pomroy (December 23, 2023). "Best Gift Cards of 2023". Kiplinger. Archived from the original on April 19, 2024. Retrieved April 19, 2024.
  43. ^ Pitts, Emma (January 31, 2024). "Utah is ranked in the top 5 U.S. states with high credit card delinquency rates". Deseret News. Archived from the original on April 19, 2024. Retrieved April 19, 2024.
  44. ^ de Visé, Daniel (March 2, 2024). "Where are people under the most financial stress? See the list of top 10 American cities". USA TODAY. Retrieved April 19, 2024.
  45. ^ Gaines, Cork (February 29, 2024). "Why 4 Arizona cities have emerged as havens from financial stress". Business Insider.
  46. ^ "Credit card debt can be tough to avoid. These four tips from WalletHub can help you manage your finances | PennyWise Podcast". The Bismarck Tribune. Lee Media Studio. January 1, 2024. Archived from the original on April 19, 2024. Retrieved April 19, 2024.
  47. ^ Jay, Marley (September 12, 2023). "Inflation is driving up consumer credit card debt by billions of dollars". NBC News. Retrieved April 19, 2024.
  48. ^ DeVon, Cheyenne (November 9, 2023). "The 10 U.S. states with the highest and lowest average credit scores—see how your state compares". CNBC. Retrieved April 19, 2024.
  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.
  51. ^ Yakal, Kathy. "WalletHub Review". PCMAG. Retrieved April 19, 2024.
  52. ^ Fontinelle, Amy. "Top Sources for Free Credit Scores". Investopedia. Retrieved April 19, 2024.
  53. ^ "Free Credit Scores". VantageScore. Retrieved April 19, 2024.
  54. ^ Miler, Greg The Frequent (March 20, 2024). "Free Credit Scores, Reports, and Monitoring: Complete guide". Frequent Miler. Retrieved April 19, 2024.
  55. ^ "Credit Scores and Credit Reports: How to Check Them". www.suzeorman.com. Retrieved April 19, 2024.
  56. ^ "The 6 Best Credit Karma Alternatives in 2024". www.aura.com. Retrieved April 19, 2024.
  57. ^ "WalletHub helps keep track of credit scores". Newsday. May 12, 2017. Retrieved April 19, 2024.