NerdWallet Launches Its First Credit Card; NerdUp By NerdWallet Addresses Gap In The Market; Combines Key Features To Expand Access And Remove Barriers For Consumers Who Want To Build Credit
Portfolio Pulse from Benzinga Newsdesk
NerdWallet, Inc. (NASDAQ:NRDS) has launched its first financial product, NerdUp, a secured credit card aimed at helping users build and improve their credit. The card, offered in partnership with Bond, has no hard credit check, no annual or monthly fees, and a low minimum deposit of $100. Users earn 1% cash back on purchases, which is added to their deposit account. The card also offers a 0% interest rate as users pay off their balance each month. NerdWallet aims to guide consumers on good credit practices through NerdUp's educational journey, with the goal of helping them to improve their credit scores.

October 26, 2023 | 12:39 pm
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NerdWallet's launch of its first financial product, NerdUp, could potentially attract more users to its platform and increase its revenue.
The launch of NerdUp could attract more users to NerdWallet's platform, as it addresses a gap in the market for a secured credit card with no hard credit check, no annual or monthly fees, and a low minimum deposit. This could potentially increase NerdWallet's revenue.
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IMPORTANCE 80
RELEVANCE 100