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Why creditkarma is terrible

juggalo9er
Valued Contributor

Why creditkarma is terrible

I log in just now as i use it for a monitoring service and it suggests the venture one. For one i know i would probaly be denied due to inquiries and for two minus the sign up bonus its not as good as qs. I know they get paid for advertisement just like myfico but why make it so tempting...20000 bonus miles on 1000 spend

Message 1 of 24
23 REPLIES 23
jamesdwi
Valued Contributor

Re: Why creditkarma is terrible

I ignore the ads or at least look at other sites to find better signing bonuses when I do apply. I think Credit karma has good monitoring, wish it was daily like it used to be. But still useful toss out the scores, look at the details and what has  changed, and you will be getting the best part of CK, also checkout the new Credit Report Beta, seems to be decent.

 

 

Cards: Chase Southwest 20k & CSR 17k & CSP 10k & FNBO 30k Oregon Duck 5k, & AMEX BCP 32.5k & Amex Magnet 15k&amg; Hilton Surpass 7.5k & Delta Gold 12k & Zync NPSL, Fidelity AMEX 17k Commerce5.9k & Cash Forward 7.5k & Sams Club MC 20k, Paypal Extras MC 10k, Paypal Credit 7.25k CapOne Venture 15k, QS 2.5k, QS 750, Amazon 10k, Walmart 10k, Citi Simplicity 18k, Discover IT 23k and a nice stack of store cards.
Landmarkcu Personal Loan 10k
Message 2 of 24
chalupaman
Super Contributor

Re: Why creditkarma is terrible

Yeah CK is decent for keeping track of their accounts but their offers are often quite sketchy. They once recommended me the Chase Freedom and I tried applying for it and was denied at the time. 

Main cards: Penfed Power Cash Rewards - $10k, Kay Jewelers - $5.5k, Jared - $4.5k, Capital One Platinum - $3k, Best Buy - $2k, Amex Delta Gold (AU) - $1k, NFCU cashRewards - $500

Other cards I use atm: Firestone CFNA - $2.4k, CareCredit - $1.5k, Mercury MC - $1.5k, Amazon Store Card - $600, Ollo MC - $600, Mission Lane Visa - $500

Other TLs: Appliances Connection - $3.8k, Wayfair Fortiva - $2k, Williams Sonoma - $600, NY & Company - $500, Macy’s - $500, Home Depot - $500, Target RED Card - $500, CapOne Secured MC 0 AF - $500, Penfed Overdraft LOC - $500

Current FICOS: EX - 705, EQ - 686, TU - 684
Ch 7 BK D/C Aug 2019
Starting scores: EX - 534, EQ - 574, TU - 516
Total TLs: $43k
Total Utilization: 4%

It is possible to get your credit back into shape. Just be patient, let accounts age when needed and apply for what you need.

Message 3 of 24
CreditMagic7
Super Contributor

Re: Why creditkarma is terrible

Some find CK is useful for things like gauging "CR reporting dates approx), some over view on how your balances compare and/or rotate, and the Beta Credit Report etc.

 

The scores are expected to be the FAKOS that they are because CK would have to pay FICO for those, a non issue. Smiley Wink

 

As far as advertisements those can be dismissed too IMO. They always show a card that they say i'm eligible for AFTER THE FACT Smiley Very Happy  and never before.

Message 4 of 24
sapingo
Valued Contributor

Re: Why creditkarma is terrible

like mentioned above the detailed info is good and onpoint. but the score are Fako. for exaple my credit score in CK is 758 . which my real fico score is 765. its the closest its been but i used to have like a 30+ point difference

Message 5 of 24
pizzadude
Super Contributor

Re: Why creditkarma is terrible

moved to General Credit

March2010 FICO® ~ 695 TU, 653 EQ, 697 EX
Message 6 of 24
CreditMagic7
Super Contributor

Re: Why creditkarma is terrible

My FICO is always at least 40 points higher then CK FAKES thank goodness Smiley Surprised

Message 7 of 24
mongstradamus
Super Contributor

Re: Why creditkarma is terrible


@CreditMagic7 wrote:

My FICO is always at least 40 points higher then CK FAKES thank goodness Smiley Surprised


Just have to know what ck is good for imo. I don't see any other free service that does both free credit report and monitoring. Anything else they offer is gravy IMO.



EX Fico 804 11/16/16 Fako 800 Credit.com 11/16/16
EQ SW bank enhanced 11/16/16 839 CK fako 822 11/16/16
TU Fico discover 10/19/16 814 Fako 819 Creditkarma 11/16/16
Message 8 of 24
Nw2Fico
New Member

Re: Why creditkarma is terrible

I too get Venture card offer despite all three reports being locked. Does anyone know if Capital one does in fact pull all 3 reports to make a decision?


@mongstradamus wrote:

@CreditMagic7 wrote:

My FICO is always at least 40 points higher then CK FAKES thank goodness Smiley Surprised


Just have to know what ck is good for imo. I don't see any other free service that does both free credit report and monitoring. Anything else they offer is gravy IMO.


 

Message 9 of 24
pizza1
Community Leader
Super Contributor

Re: Why creditkarma is terrible

Yes,cap one pulls all three for all of their cc. They are one company that does that. I can vouch for that

My rebuild worked for me, but won't necessarily work for you!
BK7 D/C- 08/2013
Message 10 of 24
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