CardHub.com
CardHub.com is a credit card comparison website owned and operated by Evolution Finance, Inc., a personal finance company founded in 2008 and based in Arlington, Virginia in the United States.[1]
The site serves primarily as an online credit card marketplace, and also operates a social gift card exchange[2] and frequently releases studies on the credit card industry.[3]
History
The site was started on July 15, 2008[4] by Odysseas Papadimitriou, a former executive with Capital One.[5] It added charge card comparison tools on October 14, 2008, [6] a Debt Center on July 27, 2009,[7] and a social gift card exchange on April 21, 2010. [8] Card Hub’s gift card application for Facebook launched on December 3, 2009.[9]
The company launched a blog, Wallet Blog, in December 2008.[10] It also operates the MyFico.com Credit Card Center.[11]
Services
IThe company operates a database of credit cards[12] and prepaid cards.[13] The site's gift card exchange allows users to buy and sell gift cards directly amongst each other or through the website itself,[14][15] and also provides various product comparison tools and a personal finance education center.[16]
Studies
The company frequently conducts and releases studies on various aspects of the credit card industry.[17]
- Their studies on No Preset Spending Limit (NPSL) credit cards,[18][19][20] credit card debt,[21][22][23] and interest rates[24][25][26] have been covered extensively in the press.[27]
- They discovered that 90% of the $93.2 billion decrease in credit card debt during 2009 represented credit card charge-offs[21] rather than increasing consumer responsibility, as was widely reported.[23]
- Their quarterly Credit Card Debt Studies illustrated that credit card debt increased during the second, third and fourth quarters of 2009[28] as well as Q2 2010 and Q3 2010,[21][29] contrary to widespread reports that it had declined for 24 months until Q4 2010.[30][31]
- Their Q1 2011 Credit Card Interest Rate Study claimed that economic pressures typical of a recession,[32] not the Credit CARD Act of 2009,[33] caused the interest rate increases that occurred during 2010.[26]
- Card Hub’s Interchange Fee Study predicted that the Durbin Amendment to the Dodd-Frank Wall Street Reform and Consumer Protection Act will cost banks $14 billion annually.[34]
Awards
Evolution Finance was named one of the “Five Hottest startups in the Mid-Atlantic Region” in 2008[35] and was invited to the Capital Call hosted by Cooley Godward Kronish LLP, PricewaterhouseCoopers LLP, Ernst & Young, Silicon Valley Bank and Comerica Bank.[36]
References
- ^ "CardHub.com". Insider Pages. http://www.insiderpages.com/b/15253436842/cardhubcom-arlington. Retrieved 26 February 2011.
- ^ "Gifts Home". CardHub. http://gifts.cardhub.com/us. Retrieved 26 February 2011.
- ^ "Card Hub Studies". News & Statistics. CardHub. http://education.cardhub.com/studies. Retrieved 26 February 2011.
- ^ Johnson, Lynn (July 15, 2008). "CardHub.com Redefines the Way Consumers Find Credit Cards". PRWeb. http://www.prweb.com/releases/Evolution_Finance/Card_Hub/prweb1107454.htm. Retrieved 26 February 2011.
- ^ Lieber, Ron (January 30, 2009). "Credit and Debit Cards". New York Times. http://www.nytimes.com/2009/01/31/your-money/credit-and-debit-cards/31cards.html?_r=2. Retrieved 26 February 2011.
- ^ "CardHub.com Ups the Ante with New "Shopping Mall" for Charge Cards". Make Business Card. January 5, 2011. http://make-business-card.org/cardhub-com-ups-the-ante-with-new-shopping-mall-for-charge-cards. Retrieved 26 February 2011.
- ^ "CardHub.com Launches Innovative Credit Card Debt Center". July 27, 2009. http://www.prweb.com/releases/2009/07/prweb2680304.htm. Retrieved 26 February 2011.
- ^ "Card Hub Launches Facebook Application - Eliminating the Guesswork from the Gift-Giving Process". PRWeb. December 3, 2009. http://www.prweb.com/releases/2009/12/prweb3293624.htm. Retrieved 26 February 2011.
- ^ "Buy and Sell Discounted Gift Cards at the Card Hub Gift Card Exchange". Maximizing Money. http://www.maximizingmoney.com/shopping/buy-and-sell-discounted-gift-cards-at-the-card-hub-gift-card-exchange/. Retrieved 26 February 2011.
- ^ Papadimitriou, Odysseas (December 12, 2008). "Troubling: Some of Chase's Recent Change in Terms". Wallet Blog. http://www.walletblog.com/2008/12/troubling-some-of-chases-recent-change-in-terms/. Retrieved 26 February 2011.
- ^ "Search & Compare Credit Cards at the myFICO Credit Card Center". Creditcards.myfico.com. http://creditcards.myfico.com/offers/. Retrieved 2011-04-04.
- ^ "Credit Card Applications: Compare Credit Cards & Apply Online | Card Hub®". Cardhub.com. http://cardhub.com/credit-cards/. Retrieved 2011-04-04.
- ^ "Prepaid Cards". Cardhub.com. http://cardhub.com/prepaid-cards/. Retrieved 2011-04-04.
- ^ "GIFTS | Take the Guesswork Out of Gift Giving". Gifts.cardhub.com. http://gifts.cardhub.com/us. Retrieved 2011-04-04.
- ^ By Blake Ellis, staff reporter (2010-12-28). "Ditch your unwanted gift card and get the one you want - Dec. 28, 2010". Money.cnn.com. http://money.cnn.com/2010/12/28/pf/gift_cards/. Retrieved 2011-04-04.
- ^ "Credit Cards | Card Hub® Education Center". Education.cardhub.com. 2010-08-22. http://education.cardhub.com/. Retrieved 2011-04-04.
- ^ "Card Hub Studies". Card Hub. http://education.cardhub.com/studies/. Retrieved 26 February 2011.
- ^ "[http://www.philly.com/philly/blogs/consumer/Beware_risks_of_no_preset_limit_credit_cards.html Do Amex and other "no-preset-limit" cards hurt your credit scores?". The Philadelphia Inquirer. November 17, 2010. http://www.philly.com/philly/blogs/consumer/Beware_risks_of_no_preset_limit_credit_cards.html. Retrieved 26 February 2011. ]
- ^ Schultz, Jennifer Saranow (December 1, 2010). "Be Wary of Credit Cards With No Spending Limits". The New York Times. http://bucks.blogs.nytimes.com/2010/12/01/be-wary-of-credit-cards-with-no-spending-limits/?partner=rss&emc=rss. Retrieved 26 February 2011.
- ^ Fairbank, Katie (January 9, 2011). "Man Puzzled by Docked Credit Score". The Dallas Morning News. http://www.dallasnews.com/investigations/problem-solver/20110109-man-puzzled-by-docked-credit-score.ece. Retrieved 26 February 2011.
- ^ a b c Dugas, Christine (March 10, 2010). "Lower Credit Card Debt Traced Mainly to Charge-Offs". USA Today. http://www.usatoday.com/money/perfi/credit/2010-03-10-creditcards10_ST_N.htm. Retrieved 26 February 2011.
- ^ "Credit card debt fell because of write-offs - The Boston Globe". Boston.com. 2010-03-11. http://www.boston.com/business/personalfinance/articles/2010/03/11/credit_card_debt_fell_because_of_write_offs/. Retrieved 2011-04-04.
- ^ a b Hauser, Christine (2010-09-24). "Looking Behind the Decline in Credit Card Debt". The New York Times. http://www.nytimes.com/2010/09/25/business/25credit.html.
- ^ "Don’t blame CARD Act for higher rates: study | Prism Money | Analysis & Opinion | Reuters.com". Blogs.reuters.com. 2011-03-02. http://blogs.reuters.com/prism-money/2011/03/02/dont-blame-card-act-for-higher-rates-study/. Retrieved 2011-04-04.
- ^ Jackson, Maya (2011-02-17). "Credit-Card Law Benefiting Consumers, Report Finds - WSJ.com". Online.wsj.com. http://online.wsj.com/article/SB10001424052748703373404576148190837940196.html. Retrieved 2011-04-04.
- ^ a b "Credit card rates move higher, but it's unclear exactly why". Usatoday.Com. 2011-02-20. http://www.usatoday.com/money/perfi/credit/2011-02-19-credit-card-rates-rise_N.htm. Retrieved 2011-04-04.
- ^ http://www.google.com/search?hl=en&q=cardhub&sa=N&tbs=nws:1,ar:1#sclient=psy&hl=en&tbs=nws:1%2Car%3A1&q=cardhub+studies&aq=f&aqi=&aql=&oq=&pbx=1&bav=on.1,or.&fp=bc3757e578a738f7
- ^ "Q4 2009 Credit Card Debt Study". Education.cardhub.com. http://education.cardhub.com/q4-2009-credit-card-debt-study/. Retrieved 2011-04-04.
- ^ "Has Personal Debt REALLY Been Going Down? | Personal Finance Corner". Allbusiness.com. 2011-02-11. http://www.allbusiness.com/banking-finance/banking-lending-credit-services-payment/15479618-1.html. Retrieved 2011-04-04.
- ^ February 7, 2011 (2011-02-07). "Credit card debt rises for first time in two years | Money & Company | Los Angeles Times". Latimesblogs.latimes.com. http://latimesblogs.latimes.com/money_co/2011/02/credit-card-debt-balances-rise-consumer-spending-fed-economy.html. Retrieved 2011-04-04.
- ^ Font size Print E-mail Share 3 Comments (2011-02-07). "Credit Card Debt Grows for First Time Since 2008". CBS News. http://www.cbsnews.com/stories/2011/02/07/business/main7326815.shtml. Retrieved 2011-04-04.
- ^ "Study: The CARD Act's Impact on Rising Interest Rates". Education.cardhub.com. http://education.cardhub.com/interest-rate-study-q1-2011/. Retrieved 2011-04-04.
- ^ "Credit Card Interest Rates Continue to Rise - Fox Business Video - FoxBusiness.com". Video.foxbusiness.com. 2010-08-23. http://video.foxbusiness.com/v/4318543/credit-card-interest-rates-continue-to-rise?playlist_id=87085. Retrieved 2011-04-04.
- ^ "Study: Banks will lose $14 billion from reduction in interchange fees". Capitol Hill Publishing Corp.. 2011-06-09. http://thehill.com/blogs/on-the-money/banking-financial-institutions/165681-study-banks-will-lose-14-billion-from-reduction-in-interchange-fees. Retrieved 2011-06-23.
- ^ "Evolution Finance / CardHub Recognized as "One of the Five Hottest Companies" in..." (Press release). Reuters. http://www.reuters.com/article/pressRelease/idUS105865+04-Sep-2008+BW20080904. Retrieved 26 February 2011.
- ^ "Evolution Finance / CardHub Recognized as "One of the Five Hottest Companies" in the mid-Atlantic Region". Business Wire. September 4, 2006. http://www.businesswire.com/news/home/20080904005331/en/Evolution-Finance-CardHub-Recognized-Hottest-Companies-mid-Atlantic. Retrieved 26 February 2011.
External links