topic Re: Your thoughts on CK CC approval odds in Credit Cards

Your thoughts on CK CC approval odds

Anonymous — Fri, 01 Jul 2016 13:35:44 GMT

Like it says in the subject. When CreditKarma gives odds as very good on a card, have you found it accurate? Thanks

Re: Your thoughts on CK cc odds

RonM21 — Fri, 01 Jul 2016 13:40:38 GMT

There odds are worthless to be honest. More of a guess or estimation in a wide range.

Re: Your thoughts on CK CC approval odds

Anonymous — Fri, 01 Jul 2016 13:42:54 GMT

My CK score is like 60 points lower than my real ones, so in those cases the odds for me are pretty damn goid, but since it can be the other way around it say it's a crap shoot.

Re: Your thoughts on CK CC approval odds

RonM21 — Fri, 01 Jul 2016 14:18:55 GMT

CK odds are pretty much as good as their scores......not so good. Their odds are an estimation at best. I would never put much stock into them.

Re: Your thoughts on CK cc odds

rubicon — Fri, 01 Jul 2016 14:21:54 GMT

Mine fluctuate so wildly on a daily basis that I don't trust them. What I REALLY find odd is that when my FICO was lower, CK would suggest that I had a good chance for Cap 1 QS. Well I have raised my FICO by like 80 points and now CK only suggests good odds on Secured cards.

So ummm errrr yea, I don't trust CK's odds

Re: Your thoughts on CK cc odds

gdale6 — Fri, 01 Jul 2016 15:32:06 GMT

Hi there OP,

I have removed your cross post on this from the RYC forum. Please refrain from cross posting in multi forums as it can lead to confusion by the members and its not inline with our TOS. I thank you for your understanding on this.

Re: Your thoughts on CK CC approval odds

Anonymous — Fri, 01 Jul 2016 15:40:51 GMT

Go check the actual prequal of what they recommend.

Re: Your thoughts on CK CC approval odds

takeshi74 — Fri, 01 Jul 2016 16:13:51 GMT

The best that CK can do is correlate but remember that correlation != causation. Don't rely on CK's recommendations. Don't rely on prequals.

Re: Your thoughts on CK CC approval odds

AverageJoesCredit — Fri, 01 Jul 2016 16:18:31 GMT

Rely on the "Forum"

Re: Your thoughts on CK CC approval odds

AverageJoesCredit — Fri, 01 Jul 2016 16:23:27 GMT

Just kidding.... Use CK for your credit reports but not too much stock in the scores. Even though the scores are not fico 8s at least the TU stays on par with my TU vantage acore so in that regard its reliable and can at least give a little heads up on how you are doing credit wise. My CK right now is like 643 but my actual fico is like 689 so if i see if my Ck hits like 680- 700 i know my score should be better or higher with fico. Not a bad tool just use with caution. Great say!!

Re: Your thoughts on CK CC approval odds

Anonymous — Fri, 01 Jul 2016 16:30:04 GMT

There's no actual pre-qualification done with those CK recommendations. Your best bet is to check prequals on individual creditor sites, or use a bulk one like at creditcards.com.

Re: Your thoughts on CK CC approval odds

CYBERSAM — Fri, 01 Jul 2016 18:56:56 GMT

@Anonymous wrote:
Your thoughts on CK CC approval odds

Its the same chance as you see an advertisement for a CC on TV. Because that is what they exactly are on CK website!

Re: Your thoughts on CK CC approval odds

Anonymous — Fri, 01 Jul 2016 18:58:46 GMT

I think the approval odds are pretty good. When I applied for my Capital One VentureOne card, it said that i had good odds to get the card and I got approved for it. Also when I was initially starting my rebuilding CK led me to apply for the other 2 capital one cards I have and my Barclays card. I've had good experience with the approval odds on CK.

Re: Your thoughts on CK CC approval odds

Anonymous — Fri, 01 Jul 2016 19:02:35 GMT

From my understanding, they are completely hit or miss.

If you're interested in a specific card, I'd personally recommend visiting that cards web site and checking there if you are pre-qualified for it or not. The response you get from the actual company site will be much more concrete than what you get from a third party site suck as Credit Karma.

Re: Your thoughts on CK CC approval odds

CountryLivin — Sat, 02 Jul 2016 03:32:21 GMT

I think it's pretty good for CK. as they are getting paid when someone clicks on the link to apply.......for us, I don't trust their numbers....check out the place on your own by going to their site and see if they have a prequalify page.

Re: Your thoughts on CK CC approval odds

Anonymous — Sat, 02 Jul 2016 03:38:01 GMT

My Citi FICO score is 772. My Creditsesame score is 790. My Creditkarma scores are 711 and 712. CK now uses Vantage 3.0 scores which they will tell you is an even more accurate version of your credit risk. CK gets commissions for referring you if you are approved. Makes sense for them to direct you to the easiest to get card. So my opinion is they offer you lesser than what you could get if you apply directly at a bank's website....after doing your homework on research.

Re: Your thoughts on CK CC approval odds

Anonymous — Sat, 02 Jul 2016 13:27:55 GMT

A) Let's clear up a couple of things.....

1) CK does NOT have scores...they give Vantage 3.0 scores

one based on TU info and another based on EFX....let's get that part straight 1st.

There aren't Fico scores to begin with, so there's that.

2) Even if they were using 'real' Fico scores that little odds thing they use is only accounting for

one of those scores in the 1st place ( the TU one)....so again EVEN if it were a 'real' odds comparsion

it could NEVER be accurate b/c it wouldn't be taking into account which bureau each vendor might run,

especially due to each applicants state of residence, let alone which model the vendor is going to pull.

3) And the most important, thing to remember is CK is FREE......for a reason and that REASON is to stimulate

APPLICATIONS and thus accounts for the advertisers, no apps no reason the be on the site from the CC companies POV.

Think about it...they aren't there for spit n giggles...their there the GROW, so IMO they 'on purpose' just give CK a baseline of

we want scores or balances between this and that'....other than that DON'T WORRY just send them to us, period!

Anything neg accounts = Lexington Law 'lead'

Increasing debt = SpringLeaf of NetLoan (or whatever)

Does that mean they absolutely sux...well 'kinda', their 'odds' thing is about = to a 'prescreened mailing' the vetting process is very low

compare to a 'pre-qual' or a 'pre-approved' offer.

CK is a great tool for monitoring changes on one's C/R and keeping in eye on how those changes 'tend' to affect the tends on one's credit profile

but lest NOT FORGET it's a 'marketing site'.....

Whenever it'e FREE..it's means YOU are what's for sale...that is 'access' to you CK is playing the part of Match.com between 'us' and vendors pushing 'product'.

If ZERO product is pushed the site is WASTE...they aren't a CHARITY, just setting up a site to pamper the public, it's BUSINESS....take your FREE SAMPLE and only 'buy' a box if you really want one otherwise, your cart will be full of stuff you wouldn't have bought, in the 1st place.

Haven't you noticed since Discover opened theire own STEERING site (with Exp) that they no longer ADVERTISE on CK?

Disco wants you over at creditscorecard.com, where you can app up with them ( and of course Exp can sell a more in-depth credit report,

if you really want to see more than just thee FREE credit score, although that one is a legit Fico).....

Take all that into consideration and remember anything on CK is an ADVERTISEMENT not a pre-qual....

( don't get me wrong, they give a great tool away IMO but remember all the vendors there supporting/paying the site for a 'reason' ...

to get business and not doesn't happen w/o applications)

Re: Your thoughts on CK CC approval odds

Anonymous — Sat, 02 Jul 2016 17:10:54 GMT

@gemini101 you perfectly nailed it!!

Re: Your thoughts on CK CC approval odds

Anonymous — Sat, 02 Jul 2016 17:33:01 GMT

Thanks for taking the time. Great info

Re: Your thoughts on CK CC approval odds

Anonymous — Sat, 02 Jul 2016 20:58:16 GMT

Well if it wasnt for them saying Very Good for amex ed last may, i probably would have hardly any cards.....

CK shows my scores as 100 points lower than what they actually are.

Funny when looking on friends/family members CK profiles with them to help them, just to see all the differences.

If u really want to get serious, just pay for the real scores for a short time, until you can get cards that include the real scores. equifax is really only the hard one to get for free with a card.