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CardHub Logo
Card Hub
Industry Personal finance, Credit cards, Gift cards
Founded 2008
Key people
Odysseas Papadimitriou, Founder and CEO
Products Rich Internet Application
Number of employees
Slogan Do Your Wallet a Favor
Website is a credit card comparison website owned and operated by Evolution Finance, Inc., a personal finance company founded in 2008 and based in Washington, DC in the United States.[1] It is the sister site to—the first ever social network built from the ground up around personal finance.[2]

CardHub serves primarily as an online credit card marketplace, and also operates a social gift card exchange[3] and frequently releases studies on the credit card industry.[4]


The site was started on July 15, 2008[5] by Odysseas Papadimitriou, a former executive with Capital One.[6] It added charge card comparison tools on October 14, 2008, [7] a Debt Center on July 27, 2009,[8] and a social gift card exchange on April 21, 2010. [9] Card Hub’s gift card application for Facebook launched on December 3, 2009.[10]

The company launched a blog, Wallet Blog, in December 2008.[11]

In September 2012, Card Hub announced a new generation of credit card calculators [12] that enable consumers to quickly determine which credit card will save them the most money on interest and escape debt faster.


The company operates a database of credit cards[13] and prepaid cards.[14] The site's gift card exchange allows users to buy and sell gift cards directly amongst each other or through the website itself,[15][16] and also provides various product comparison tools and a personal finance education center.[17]


The company frequently conducts and releases studies on various aspects of the credit card industry.[18]

  • Their studies on No Preset Spending Limit (NPSL) credit cards,[19][20][21] credit card debt,[22][23][24] and interest rates[25][26][27] have been covered extensively in the press.[28]
  • They discovered that 90% of the $93.2 billion decrease in credit card debt during 2009 represented credit card charge-offs[22] rather than increasing consumer responsibility, as was widely reported.[24]
  • Their quarterly Credit Card Debt Studies illustrated that credit card debt increased during the second, third and fourth quarters of 2009[29] as well as Q2 2010 and Q3 2010,[22][30] contrary to widespread reports that it had declined for 24 months until Q4 2010.[31][32]
  • Card Hub's 2011 Credit Card Debt Study revealed that while consumers paid down nearly $33 billion in credit card debt during the first quarter of the year, they erased this pay-down before the fourth quarter began and ended the year with roughly $48 billion more debt than they began it with.[33]
  • Their Q1 2011 Credit Card Interest Rate Study claimed that economic pressures typical of a recession,[34] not the Credit CARD Act of 2009,[35] caused the interest rate increases that occurred during 2010.[27]
  • Card Hub's Q2 2012 Credit card Debt Study revealed that, despite reports to the contrary, US consumers haven't actually paid down any credit card debt since the Great Recession began. While outstanding credit card balances have indeed declined $190.5 billion since peaking in December 2008, there have been $226 billion in charge-offs since then.[36]
  • 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.[37]


Evolution Finance was named one of the “Five Hottest startups in the Mid-Atlantic Region” in 2008[38] and was invited to the Capital Call hosted by Cooley Godward Kronish LLP, PricewaterhouseCoopers LLP, Ernst & Young, Silicon Valley Bank and Comerica Bank.[39]

CardHub was also named one of the Best Credit Card websites by the nonprofit Consumer Action.[40]


  1. ^ "". Insider Pages. Retrieved 26 February 2011. 
  2. ^ "Evolution Finance". Evolution Finance. Retrieved 25 February 2015. 
  3. ^ "Gifts Home". CardHub. Retrieved 26 February 2011. 
  4. ^ "Card Hub Studies". News & Statistics. CardHub. Retrieved 26 February 2011. 
  5. ^ Johnson, Lynn (July 15, 2008). " Redefines the Way Consumers Find Credit Cards". PRWeb. Retrieved 26 February 2011. 
  6. ^ Lieber, Ron (January 30, 2009). "Credit and Debit Cards". New York Times. Retrieved 26 February 2011. 
  7. ^ " Ups the Ante with New "Shopping Mall" for Charge Cards". Make Business Card. January 5, 2011. Retrieved 26 February 2011. 
  8. ^ " Launches Innovative Credit Card Debt Center". July 27, 2009. Retrieved 26 February 2011. 
  9. ^ "Card Hub Launches Facebook Application - Eliminating the Guesswork from the Gift-Giving Process". PRWeb. December 3, 2009. Retrieved 26 February 2011. 
  10. ^ "Buy and Sell Discounted Gift Cards at the Card Hub Gift Card Exchange". Maximizing Money. Retrieved 26 February 2011. 
  11. ^ Papadimitriou, Odysseas (December 12, 2008). "Troubling: Some of Chase's Recent Change in Terms". Wallet Blog. Retrieved 26 February 2011. 
  12. ^ "Credit Card Calculators". Retrieved 2012-09-27. 
  13. ^ "Credit Card Applications: Compare Credit Cards & Apply Online | Card Hub®". Retrieved 2011-04-04. 
  14. ^ "Prepaid Cards". Retrieved 2011-04-04. 
  15. ^ "GIFTS | Take the Guesswork Out of Gift Giving". Retrieved 2011-04-04. 
  16. ^ Blake Ellis, staff reporter (2010-12-28). "Ditch your unwanted gift card and get the one you want - Dec. 28, 2010". Retrieved 2011-04-04. 
  17. ^ "Credit Cards | Card Hub® Education Center". 2010-08-22. Retrieved 2011-04-04. 
  18. ^ "Card Hub Studies". Card Hub. Retrieved 26 February 2011. 
  19. ^ "[ Do Amex and other "no-preset-limit" cards hurt your credit scores?". The Philadelphia Inquirer. November 17, 2010. Retrieved 26 February 2011. ]
  20. ^ Schultz, Jennifer Saranow (December 1, 2010). "Be Wary of Credit Cards With No Spending Limits". The New York Times. Retrieved 26 February 2011. 
  21. ^ Fairbank, Katie (January 9, 2011). "Man Puzzled by Docked Credit Score". The Dallas Morning News. Retrieved 26 February 2011. 
  22. ^ a b c Dugas, Christine (March 10, 2010). "Lower Credit Card Debt Traced Mainly to Charge-Offs". USA Today. Retrieved 26 February 2011. 
  23. ^ "Credit card debt fell because of write-offs - The Boston Globe". 2010-03-11. Retrieved 2011-04-04. 
  24. ^ a b Hauser, Christine (2010-09-24). "Looking Behind the Decline in Credit Card Debt". The New York Times. 
  25. ^ "Don’t blame CARD Act for higher rates: study | Prism Money | Analysis & Opinion |". 2011-03-02. Retrieved 2011-04-04. 
  26. ^ Jackson, Maya (2011-02-17). "Credit-Card Law Benefiting Consumers, Report Finds -". Retrieved 2011-04-04. 
  27. ^ a b "Credit card rates move higher, but it's unclear exactly why". Usatoday.Com. 2011-02-20. Retrieved 2011-04-04. 
  28. ^,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
  29. ^ "Q4 2009 Credit Card Debt Study". Retrieved 2011-04-04. 
  30. ^ "Has Personal Debt REALLY Been Going Down? | Personal Finance Corner". 2011-02-11. Retrieved 2011-04-04. 
  31. ^ "Credit card debt rises for first time in two years". Los Angeles Times. 2011-02-07. Retrieved 2011-04-04. 
  32. ^ Font size Print E-mail Share 3 Comments (2011-02-07). "Credit Card Debt Grows for First Time Since 2008". CBS News. Retrieved 2011-04-04. 
  33. ^ "Q4 2011 Credit Card Debt Study". Evolution Finance. Retrieved 2012-03-16. 
  34. ^ "Study: The CARD Act's Impact on Rising Interest Rates". Retrieved 2011-04-04. 
  35. ^ "Credit Card Interest Rates Continue to Rise - Fox Business Video -". 2010-08-23. Retrieved 2011-04-04. 
  36. ^ "Q2 2012 Credit Card Debt Study". Retrieved 2012-09-27. 
  37. ^ "Study: Banks will lose $14 billion from reduction in interchange fees". Capitol Hill Publishing Corp. 2011-06-09. Retrieved 2011-06-23. 
  38. ^ "Evolution Finance / CardHub Recognized as "One of the Five Hottest Companies" in..." (Press release). Reuters. Retrieved 26 February 2011. 
  39. ^ "Evolution Finance / CardHub Recognized as "One of the Five Hottest Companies" in the mid-Atlantic Region". Business Wire. September 4, 2006. Retrieved 26 February 2011. 
  40. ^ "2012 Fall Issue: Credit Card Comparison Site Survey". Consumer Action. October 31, 2012. Retrieved 25 February 2015. 

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