CardHub.com is a credit card comparison website owned and operated by Evolution Finance, Inc., a personal finance

Personal finance

Personal finance is the application of the principles of finance to the monetary decisions of an individual or family unit. It addresses the ways in which individuals or families obtain, budget, save, and spend monetary resources over time, taking into account various financial risks and future...

 company founded in 2008 and based in Arlington, Virginia in the United States.

The site serves primarily as an online credit card marketplace, and also operates a social gift card exchange and frequently releases studies on the credit card industry.

History

The site was started on July 15, 2008 by Odysseas Papadimitriou, a former executive with Capital One

Capital One

Capital One Financial Corp. is a U.S.-based bank holding company specializing in credit cards, home loans, auto loans, banking and savings products...

.
It added charge card comparison tools on October 14, 2008,
a Debt Center on July 27, 2009, and a social gift card exchange on April 21, 2010.
Card Hub’s gift card application for Facebook

Facebook

Facebook is a social networking service and website launched in February 2004, operated and privately owned by Facebook, Inc. , Facebook has more than 800 million active users. Users must register before using the site, after which they may create a personal profile, add other users as...

 launched on December 3, 2009.

The company launched a blog, Wallet Blog, in December 2008.
It also operates the MyFico.com Credit Card Center.

Services

IThe company operates a database of credit cards and prepaid cards. The site's gift card exchange allows users to buy and sell gift cards directly amongst each other or through the website itself, and also provides various product comparison tools and a personal finance education center.

Studies

The company frequently conducts and releases studies on various aspects of the credit card industry.

• Their studies on No Preset Spending Limit (NPSL) credit cards, credit card debt, and interest rates have been covered extensively in the press.
• They discovered that 90% of the $93.2 billion decrease in credit card debt during 2009 represented credit card charge-offs rather than increasing consumer responsibility, as was widely reported.
• Their quarterly Credit Card Debt Studies illustrated that credit card debt
  Credit card debt
  Credit card debt is an example of unsecured consumer debt, accessed through credit cards.Debt results when a client of a credit card company purchases an item or service through the card system...
  
   increased during the second, third and fourth quarters of 2009 as well as Q2 2010 and Q3 2010, contrary to widespread reports that it had declined for 24 months until Q4 2010.
• Their Q1 2011 Credit Card Interest Rate Study claimed that economic pressures typical of a recession, not the Credit CARD Act of 2009, caused the interest rate increases that occurred during 2010.
• 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.

Awards

Evolution Finance was named one of the “Five Hottest startups in the Mid-Atlantic Region” in 2008 and was invited to the Capital Call hosted by Cooley Godward Kronish LLP, PricewaterhouseCoopers LLP, Ernst & Young, Silicon Valley Bank and Comerica Bank.