Credit Karma Reviews: Is It Legit or a Scam?

A place to discuss anything... except credit cards!
23 posts
Rwood42
 
Posts: 1
Joined: Mon Jan 23, 2012 12:15 pm
Location: Lawrenceville georgia

Credit Karma Reviews: Is It Legit or a Scam?

Postby Rwood42 » Mon Jan 23, 2012 12:19 pm

Is Credit Karma a good place to get your credit scores? Is it really free or is there is hidden charges or sign up fees?

Is anyone familiar with creditkarma.com and can offer personal reviews of using it?


namvet
Centurion Member
Centurion Member
 
Posts: 140
Joined: Mon Dec 26, 2011 4:17 pm
Location: Texas

Postby namvet » Fri Jan 27, 2012 3:14 pm

Rwood42 wrote:Is Credit Karma a good place to get your credit scores? Is it really free or is there is hidden charges or sign up fees


Credit Karma is free. It will allow you to monitor open credit that is on the Transunion credit report. It is a good site to follow your credit trends. The score is a consumer score and is not a real Fico score. It can be lower or higher than your fico score. In my case the score is lower than my real TU fico score by about 20 points. YMMV

Moderator's Advice: Did you know as of November 2013, you can get your real FICO score (not a FAKO) for free from the following cards every month? In fact I have one of these cards mainly for that reason alone. It's a lot cheaper than paying FICO $19.95 every time I want to check my score.
Discover is for good credit. If you have fair/average credit, then try Barclays.

Dylan1982
Centurion Member
Centurion Member
 
Posts: 323
Joined: Tue Mar 06, 2012 12:15 am
Location: Chicago

Postby Dylan1982 » Sun Mar 11, 2012 3:55 am

Credit Karma is free. It is a great website, been using it for 3 yrs now.
Chase Freedom - $12,500 (2/2013)
GM Card - $7,700 (7/2002)
CitiBank (Thank You Preferred) - $6,400 (6/2012)
CitiBank (Diamond Preferred) - $4,600 (6/2012)
Rogers & Hollands - $3,300 (3/2006)
Target REDcard - $3,000 (11/2014)
BestBuy - $1,600 (9/2003)
Discount Tires - $1,000 (2/2004)
Kohl's - $300 (4/2012)


namvet
Centurion Member
Centurion Member
 
Posts: 140
Joined: Mon Dec 26, 2011 4:17 pm
Location: Texas

Postby namvet » Sun Mar 11, 2012 11:11 am

HLN's finance guru Clark Howard likes Credit Karma and also recommends it. Says his score is 768. Like i posted before, it's a good site for watching trends on your TU credit bureau.


Grupet
Platinum Member
Platinum Member
 
Posts: 87
Joined: Fri Jan 06, 2012 1:04 pm
Location: New York

Postby Grupet » Wed Mar 14, 2012 2:26 pm

How often do you guys check you credit score at Credit karma?
American Express Platinum
HSBC Platinum Master Card
Citi Diamond Preferred Master Card

FutureBillionaire
Centurion Member
Centurion Member
 
Posts: 1589
Joined: Sun Jun 19, 2011 2:37 pm
Location: Down South

Postby FutureBillionaire » Wed Mar 14, 2012 3:05 pm

I use Credit karma fairly frequently and I found that it is great.
Gas: Discover It, Penfed Platinum Rewards x2, Chase freedom, Citi TYP
Plane tickets: CSP
Groceries: AMEX BCP, Penfed Platinum Rewards,Citi TYP
Clothes: Express, Amex BCP, Discover IT
Amazon: Citi Forward, Cash +
Restaurants: Citi Forward, Chase Freedom, Discover IT, CSP
Hotels and other travel: Discover Escape, CSP
Movies: BofA travel rewards visa signature(fandango), Discover IT, Citi Forward, Freedom
Bars, clubs, tomfoolery: CSP, Citi Forward, Discover IT, Freedom
Balance transfers: Kroger 123 rewards
Bill Pay: Chase Ink Plus, Citi Forward
Everyday spending: Bofa Accelerated cash rewards amex, Discover Escape

jeffysdad
Centurion Member
Centurion Member
 
Posts: 875
Joined: Thu Apr 30, 2009 2:32 pm
Location: Texas

Postby jeffysdad » Wed Mar 14, 2012 3:08 pm

CK score updates monthly and, as mentioned above, is not the "real" FICO score; however, it is a good indicator of what your standing is. The credit report card function also is interesting, but I don't know how accurate the data is.
American Express: Blue Cash Preferred (groceries, 6%; gas, department store, 3%); Gold Delta SkyMiles (Delta Air Lines, 2 miles/dollar, free checked bag).
US Bank: Cash+ (utilities, phone, internet, restaurant, 5%; drugstores, 2%).
FIA Card Services: Fidelity Amex (everything, 2%); Fidelity Visa (everything, 1.5%).
Chase: Freedom (rotating, 5%); Amazon (Amazon.com, 3%); PriorityClub (IHG hotels, 5 points/dollar); Sapphire (not in use).

*All cards are registered with PriorityClub IDine program for 8 points/dollar at participating restaurants.


Grupet
Platinum Member
Platinum Member
 
Posts: 87
Joined: Fri Jan 06, 2012 1:04 pm
Location: New York

Postby Grupet » Wed Mar 14, 2012 4:40 pm

Is there anywhere I can see my 3 credit score for free?
Is there one of the credit scores there is more important than the other 2?
American Express Platinum
HSBC Platinum Master Card
Citi Diamond Preferred Master Card

JCarter
Centurion Member
Centurion Member
 
Posts: 323
Joined: Thu Mar 15, 2012 10:40 pm
Location: Virginia

Postby JCarter » Wed Mar 21, 2012 12:37 am

You wont see your score for free, but you can of course get your credit reports for free.

What I have found is that most inquiries hit my Experian more often than any of the other two, but request Equifax's score. Your use may vary.

Grupet
Platinum Member
Platinum Member
 
Posts: 87
Joined: Fri Jan 06, 2012 1:04 pm
Location: New York

Postby Grupet » Fri Mar 23, 2012 3:39 pm

This might be a stupid question, but is there any restriction on how often you can go to Credit Karma and check your credit score?

Will it in any way hurt my CS if i went to check it once a month?

Thanks
American Express Platinum
HSBC Platinum Master Card
Citi Diamond Preferred Master Card



Return to “The Lounge”

Who is online

Users browsing this forum: No registered users and 0 guests