What Is NerdWallet and is it a Legit Company? 5 Things You’ll Learn In This NerdWallet Review

The following NerdWallet Review is a sponsored partnership with NerdWallet. All opinions are 100% my own. Welcome to my NerdWallet review! Are you looking for another personal finance website that will help you learn how to manage your money better? NerdWallet started out as a personal finance website back in 2009 with the goal of…

Michelle Schroeder-Gardner

Last Updated: August 23, 2023

Disclosure: This post may contain affiliate links, meaning if you decide to make a purchase via my links, I may earn a commission at no additional cost to you. See my disclosure for more info.

The following NerdWallet Review is a sponsored partnership with NerdWallet. All opinions are 100% my own.

Welcome to my NerdWallet review!What is NerdWallet? NerdWallet Review

Are you looking for another personal finance website that will help you learn how to manage your money better?

NerdWallet started out as a personal finance website back in 2009 with the goal of helping consumers make better personal finance decisions.

Today, I want to talk more about NerdWallet, and even introduce you to them if you are not familiar with their website.

Some of the topics that I will talk about today include:

  • 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 learn about saving money, investing their money, mortgages, student loans, insurance, credit cards, and more with the aim of helping readers learn how to grow their money, discover financial products that fit their needs, and manage their money better.

NerdWallet’s mission is to help consumers make smart money decisions.

Related content: NerdWallet App Review – A Super Helpful Money Managing App

Here is my NerdWallet review.

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.

Tim Chen started NerdWallet after his sister asked for his assistance finding the best credit card for her. Even with an economics degree and a Wall Street background, Tim found it difficult to find the best recommendation for her.

In order to review all of the available options for his sister, he put all of the credit card information he researched into a spreadsheet, and from there NerdWallet’s first credit cards tool was built.

On the NerdWallet website and NerdWallet app, the website helps readers learn how to save money, invest money, obtain a mortgage, learn about student loans, get insurance, find the best credit cards, and more.

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

Is NerdWallet Legit?

What are areas that NerdWallet helps readers with?

NerdWallet helps consumers in many different financial areas so that they can make the best financial decisions. Some areas include:

  • Credit cards – NerdWallet helps consumers find the best credit card by providing research on different credit cards. You can compare credit cards, link your credit card accounts to receive recommendations on what card would be the best for you, and more.
  • House shopping – If you are trying to buy a house, NerdWallet will help you find a mortgage lender that’s right for you. They have many in-depth reviews to help guide you with your decision.
  • Savings – NerdWallet has researched many different financial institutions so that you can make the most of your savings.
  • 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 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 is then approved for a product, NerdWallet may receive a referral fee from the financial company.

Is NerdWallet safe? Is NerdWallet reliable? How secure is NerdWallet?

Yes, NerdWallet is safe.

They are also a 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.

When it comes to protecting consumers’ information, NerdWallet does not store bank passwords or credentials.

NerdWallet uses industry-standard controls to keep personal information safe and secure.

Is NerdWallet legit?

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

More than 77,000 consumers have given the NerdWallet app a 4.8 out of 5 star rating, and the website provides financial guidance to more than 100 million consumers each year.

I hope you enjoyed this NerdWallet review. Do you use NerdWallet?

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Michelle Schroeder-Gardner

Author: Michelle Schroeder-Gardner

Hey! I’m Michelle Schroeder-Gardner and I am the founder of Making Sense of Cents. I’m passionate about all things personal finance, side hustles, making extra money, and online businesses. I have been featured in major publications such as Forbes, CNBC, Time, and Business Insider. Learn more here.

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  1. Mar Anthoni

    Wow nice thanks for sharing this amazing article. This is a nice and informative post. bye, Have a nice day.

  2. Katie

    Helpful information on Nerd Wallet. I’ve been thinking about online savings accounts and needed to know if I can trust the information I get on Nerd Wallet’s website. Now if I can just trust your information.

  3. Patricia

    This is my first time hearing about Nerd Wallet. After reading I’m so impressed and excited to learn more.

  4. Tresa Brook

    I am also a bit confused as to what and who I can trust with my financial future. I’m still doing research on this and hope to be able to make an informed decision. Thank you for your article on your opinion. Have a nice day ๐Ÿ˜Š.

  5. Stacey Justus

    I am very leary about trying this because I have had the bad experience of providing ally information only to be told no and stuck with constant telemarketers blowing up my phone, em and text night and day. I want to speak to a person who has decision making capabilities, is this such a program?

  6. Stacey Justus

    Ok I took a leap of trust and I should have listened to myself. Nerd wallet is no more or less legit then any one of the million pop ups on the internet. It must be really hard to live with the knowledge that you prey on old, terrified,widows
    Shame on you Nerd Wallet

    1. Michael

      what was the terrifying experience you had dealing with nerd wallet?

  7. Richard Strauss

    Wanted me to sign contract without disclosing any terms and for amount other than requested, do not trust this site and sorry to have given out information to them.