A bit better than mediocre 3/5
I’ve had my NerdWallet account now for about three months. I started it so that I could monitor my accounts information (bank balances, investment accounts, and debt accounts, the last being almost entirely credit and charge cards. It has some strengths but also some glaring faults. The app does a reasonable job keeping current on my bank and investment accounts. It is accurate within a 2-3 day window. The app, however fails miserably on keeping my credit and charge balances up to date. In fact, it has failed to update one of my credit card accounts over the almost 3 billing period I’ve had the app. Inquires to the on line chat function have not improved this issue. Interestingly, you can access current credit and charge balances by clicking on “Credit Score” tab, and then on “Your accounts” under the Credit Repot heading.
Now, a couple of other observations. First the FICO score. I find NerdWallet to be reasonably accurate as judged by scores I can access through my credit and charge card companies. However, I find their recommendations on how to improve your score remarkably simplistic. For example, in the Credit Score function, in Credit Factors I rate poor on “Open Accounts” where I have 4. NerdWallet recommends that you maintain at least 11, and for excellent credit, 21 or more such accounts. Well, it’s not the number of accounts you have open that’s important. It your credit utilization rate, essentially your ratio of carried debt to your credit limit. And this element comprises only 4% of your credit score. I suspect that NerdWallet is using this to entice people into opening more lines of credit. Which the app will conveniently point you to. Since I use credit cards to pay virtually all bills and charges, I carry large balances. But, and this is important, I pay off the accounts entirely each month. And this is important because payment activity accounts for more than 30% of your credit score.
Finally there is the issue of advertising. Well, nothing comes free, and I’m perfectly capable of scrolling past all of the ads and come-ons for advice which generally lead to ads for some financial product.
The ap could rate 4 stars if they could figure out how to keep my credit and charge card balances current.
Nerd Wallet pockets big coin... 5/5
Easy, cheap and updated weekly. Oh, did I mention FREE when I said "cheap"? Well...it's free. A great asset to have while watching your Credit Score... which, you should be watching. "Does this free app make my credit score look fat?" Why, Yes...Yes it does.
Ineffective Credit App 1/5
By App Reviewer 007
Nerd Wallet was once a very good app, it showed your score (not the actual FICO score) but a FAKO score that was more of a gauge of your credit then 100% accurate.
The last several updates made this app into a sales bot, the information you wanted “your credit score” were placed in such a way that you had to endure ads to view it and your actual credit report is buried even deeper.
Lastly, there is no clear way to cancel your account.
False transactions 2/5
By Justin Buresh
Should allow me to delete things like old bank accounts that I don’t have and haven’t had for 3 years says I have $0 in it and drops my credit score to 460 and I just bought a house and they told me it’s around 720 this apps a joke
Better than the rest. 5/5
The articles are customized for you and your goals. It even helps to budget!
I feel safe 5/5
I feel so safe with Nerd Wallet. I Love how they give me my reports.
Love it 5/5
Nerd wallet is fantastic!!!
Don’t use they just want to charge you unnecessary money
So much potential but doesn't have breadth 3/5
By Ishta Quiroa
I've been browsing so many money management apps for the past couple of days now. The one from my bank is awesome, but I wanted something that helped me see the steps I'm taking to address my debt. Nerdwallet fit a lot of the user interface and usability I was looking for. Yay! The downside is that it doesn't recognize my retirement program, Transamerica, or my bank, a credit union. Given how popular and visible Nerdwallet is, I was surprised at the fact that they couldn't find/recognize my accounts. Even some of the smaller budget apps found my bank and retirement program. The only different is the interface. If it's not one, it's the other...so yeah I'm kinda bummed. I'll keep it in the meantime. I emailed support, so I'll make an update if they get back to me.
Good, wish it took me right to credit score & details on 1st page.
iPhone X FaceID problem seems to be fixed.
Useless for me 3/5
This app is pointless because you can only link major US banks to it. I cannot link my credit union account. Dumb.
NerdWallet Review 5/5
I’ve used Credit Karma in the past And and it doesn’t compare in any way to NerdWallet!! NerdWallet automatically sends you weekly updates on your credit score and lets you know what could have hurt it if it went down..and gives you tips on how to bring your score back up. I also love the fact that it guidance on long term savings and also simple starter goals to start saving!!!!
Too Basic 1/5
By Mick Gator Fan
App only uses one credit bureau.
App does not let me update email address. I went to the website but could not change email address there either.
Mostly, app wants me to sign up for loans or credit cards because my credit score is over 800, but I don't want or need either loans or more credit cards.
So I deleted the app and will go back to website and delete the entire account.
Love Nerd Wallet App 5/5
This app has not only taught me how to increase my credit score but will help find me ways to get the best credit card available. I love this app. It’s awesome! So glad I found it! ❤️
Major lag 2/5
This app has the potential to be amazing, but like other users I’m finding it’s not accurately communicating with my financial institutions. It hasn’t updated my bank accounts’ values or tracked spending in over a MONTH. How am I suppose to use this app to track my spending and stay on top of my goals, when it’s telling me I’m overdue on a car payment that I actually paid 6 days early?
Also, I’d really like the option to add my own spending categories, or to at least have more categories, as the current ones are rather broad.
I’m keeping the app for now and looking forward to seeing some improvements very soon.
App Review 5/5
By Dar Starr
I love the quick access to key credit information and the fingerprint access!
Hard to link accounts, and double counts expenses 3/5
This is a nice app, and give good advice on how to reach financial goals, but I found 2 flaws with it:
1. It is far too difficult to like your accounts. After trying over and over to add my accounts, and receiving a messages claiming “We’re experiencing difficulties try again later” at least 15-20 times, I finally got MOST of my accounts on there.
2. If you link your credit card and checking account to the app, if will do a good job of tracking expenses on both, but it also shows the transactions in which you are using your checking account to make a payment to your credit card. This leads to an inflation of your expenses, and I have yet to find a solution.
Best to help you in Finacial statues 5/5
You want to know how to fix and repair credit then let nerd wallet help you out. What u got to lose
Life changer 5/5
This has been so helpful for looking at my spending habits, planning my debt repayment, and having more control and knowledge about what my finances look like
Love it 5/5
Always on point
Best credit app ever 5/5
Love everything about this app !!!
Love the website and want to support the app. But why are there only a few categories? And they cannot be edited? Entries can be moved to different categories but unable to add or edit existing categories. This would be super helpful.
Love being able to monitor my credit.
Ok but still in development 3/5
This will be awesome once they finish fixing it up. Good design and ideas but a bit under developed
By Browning 270
I have used your guidance to make some of my decisions and my progress has been fenominal great app easy to use and understand thanks again!!!
Great tool! 5/5
I use it to check everything about my credit! I put on practice the recommendations provided.
This app is clean, precise, and to the point. Great tool
Doesn’t support Credit Union 3/5
By Wows This game rocks
Does not support Financial Plus Credit Union. Please fix.
Lots of potential 4/5
I love this app so far. Hope to see a larger number of ways to categorize expenses or even custom expense categories in the future.
Account syncing is way behind 3/5
There is no way to make the app manually syncs accounts, and it seems to be seriously lagging. Last update says 12 hours ago, but isn’t picking up any transactions from the last 5 days
Won’t Connect to USAA 1/5
By The D-Zine Kid
Won’t connect to my bank account. Hasn’t connected for the past 3 months and since I’ve tried using the app. Whomp.
Excellent app 5/5
Excellent app raised my credit score more than 40 points, easy to use and understand
The app is good but could be better 4/5
The app does a good job at giving you an overview of your finances, however there is a significant lag in updating accounts and seemingly no way to correct that. My main bank account hasn’t updated in 6 days for example. I would rate 5 stars if it pulled updated info from your accounts daily, but in its current iteration it’s an app that I only use once a week.
Love it! 5/5
Absolutely love the app and the website!! What an awesome service to be able to see all my financial information in one window pane. I love it and I highly recommend it to anyone who cares about their money!!
Can't connect accounts 2/5
By bujie baby
None of my accounts will connect and when they did a few days later they needed to be reconnected but won't connect anymore.
Lost all my information after not logging in for about a week. Good app to start with...
What happened to CC reviews? 1/5
My favorite part of the app was all the credit card reviews and comparisons in app. Now it takes me online and out of the app which makes the app pointless. Might as well just go to the webpage
Not good 2/5
NerdWallet vs CreditKarma. Scores show identical on both, but NW claims I can only be approved for Secure CCs, while with CK I opened a $300 card a year ago, that’s now at $850 just upgraded to their best rewards card AND just applied for, and received that same company’s highest credit limit to start out a brand new card ($3000...yes, THREE THOUSAND DOLLAR starting limit) but NW maintains I can only get secure cards. Also, both sites show me at about 630 Credit score but my real score is 660 and rising.
It’s a free site, for education purposes, so I’m not hating too bad. Just stating facts about my experience. They both give Credit alerts, and give information ON your credit report. Just the scores are off and the offers are weak.
NW vs CK, I’ll take Credit Karma....but with a grain of salt.
I'm not mad at it 5/5
I love NerdWallet the app is great and I love that I can see my progress and track for savings.😊
Great Service 5/5
I work in an industry that requires me to use personal financing from time to time. Having this app has helped me keep track of my credit score, helps me understand what I need to do to maintain a high score, and helps me keep track of what elements of my profile needs more attention. Love this app!
Happy! Happy! Joy! Joy! 5/5
I like this app very much! 👍🏻👍🏻
seems to be in line with others 4/5
i dont think ive had some of the issues that some say they have..... this app, nerd wallet, wallet hub consistently say the same for me within couple days of each other.... i have used all to raise my score bout 110 pts since feb 2017..... love the simulator
Kind of creepy 1/5
This app forces you to answer questions and reveal information instead of just letting you see your credit score. Stopped using when it was no longer useful.
Linking Accounts is painful 2/5
Linking accounts is painfully slow. This is the era of the blazing fast internet. Syncing should be extremely fast.
After signing into CapitalOne, no OTP is sent to the cell or email. Please check it ASAP.
Two more security steps please 4/5
NerdWallet website & app are fantastic. Please help make it more secure.
1) There is a pre-select to "remember my password". The box is already checked.
2) Only one security question.
3) No log off icon. I closed out of the app (and didn't have my password saved). I tapped on the app again expecting to need to log in and my NerdWallet account opened right up.
I love the idea of this app and would love to fully use it by adding my financial accounts. I'm hesitant to do that if someone could tap on the app on my phone & get right in to my financial information. I understand that there may be great encryption for financial transactions. I'm more worried about the login leniency.
Good App 5/5
I found it convenient to be able to check multiple accounts (saving, checking and credit card) at the same time.
secure the bag alert 💼
Slow to update 3/5
By Mr. EJ
I find that NerdWallet scores are more than 2 weeks behind Credit Karma scores, even after their ‘weekly’ updates. I’ve paid off 2 bills more 30 days ago and NerdWallet still shows a balance due when Credit Karma shows it being off. I don’t understand what’s going on?