Reviews Of Credit Karma In India 2020 will help you discover how you can receive a free credit score for life and, as a result, potentially make your life much easier.
What is Credit Karma?
Credit Karma is a free online service that has been offering a monthly credit score since 2007. They also provide free credit monitoring, federal and state income tax preparation, and credit card and loan recommendations.
The final service mentioned above, credit card recommendations, is how Credit Karma funds the operation.
Also See : www.creditkarma.com/
Credit Cards and Loans
While 60 million people use Credit Karma on a regular basis to for the free credit score and monitoring, Credit Karma still has their own bills to pay to offer these services for free. They make their money through credit card and loan applications. If you have ever budgeted with Mint, you have seen similar offers.
Credit Karma will offer you a list of recommendations based on your credit scores, odds of approval, and the money they earn for each application. With a credit score of 800, you might expect to receive a recommendation for the Blue Cash Everyday Card from American Express, Citi Double Cash, or even the Chase Sapphire Preferred.
You can filter credit card recommendations into various categories including:
- Balance transfer
- Low interest
- Airlines
- Rewards
- Cashback
- Business
- Student
They don’t have every credit card imaginable, but they do have most of them mentioned.
Credit Card User Reviews
In addition to Credit Karma showing you the odds of approval, the user reviews can also be very valuable. These comments are rich with information including how people earn rewards, redeem rewards, and their experiences with the customer service.
Loan Recommendations
Credit Karma also offers loan recommendations for the following types of loans:
- Personal
- Home
- Student
- Auto
- Business
To receive a quote, you will have to enter more personal information including your income, age, and employment information
Cons of Credit Karma
- Receive a Vantage Score instead of your FICO score
- Cannot access actual credit report
Summary of Credit Karma’s Free Credit Score
Credit Karma is 60 million members strong because they do a good job at provide your credit score and monitoring your credit for free. Sure, it would be nice if they would offer the FICO score instead since that’s the “gold standard” of credit scores, but, the Vantage Score is still a good alternative.
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