Credit Karma Review: A Great Way to Get Your Free Credit Score

Review of: Credit Karma
Credit Karma

Reviewed by:
On September 15, 2017
Last modified:January 1, 2019


Credit Karma offers free credit scores and tools to help consumers better manage their money. Credit Karma is a good option to help you better understand how your credit report and score will affect your financial future.

Credit Karma offers free credit scores and tools to help consumers better manage their money. Is it worth it? Bottom line: Yes, as long as you don’t mind the ads.

I’ve used Credit Karma for years to track my credit score. It updates my score monthly, showing the factors that are helping and hurting my credit score. It also provides detailed information on my credit report, all in one place. As useful as I’ve found Credit Karma, I’ve also fielded a ton of questions about the service:

  • Is Credit Karma really free?
  • How accurate are the credit scores?
  • Is your information secure?
  • What’s the catch?

In this full Credit Karma review, I’ll answer these questions. I’ll also demonstrate the key features of Credit Karma.
credit karma review

Credit Karma Credit Score

CreditKarma is a website that can help you control your finances by providing a report card of sorts. This overview covers your credit report and score, savings account advice, credit card guidance, and other financially specific resources. Unlike other credit reporting sites, you’ll find two major differences that exist in the Credit Karma philosophy:

  1. There is no monthly trial membership or initial credit card charge for signing up. Yes, it is totally free.
  2. You are given credit report card. This report outlines the main categories of your credit report like inquiries, past due balances, bankruptcies, etc, based on data from TransUnion and Equifax.

When you log into your account, you will land on a personal dashboard that shows you an immediate credit summary. This includes:

  • TransUnion and Equifax Credit Scores–This is not your FICO score, but your credit scores from two of the three major credit bureaus, TransUnion and Equifax (the other is Experian). These will give you a very good idea of where you would stand with your true FICO score, though. You can also see the difference between the information each bureau is receiving to determine where any differences in score may be originating. Here’s a screenshot from my account at Credit Karma:

credit karma review

  • Factors Affecting Your Credit Score–These include reported delinquencies, inquiries, collections, credit utilization, and your average age of accounts (AAoA). You will also see the discrepancies (if any exist) between what is being reported to TransUnion and what’s reported to Equifax.

In addition to what you initially see, there are also additional tabs, sections, and features with tons of information about credit, savings, loans, and many other financial topics. The perks that come with signing up for a Credit Karma account are found in some of their neat resources, which you simply can’t find anywhere else.

Is Credit Karma Really Free?

I answered this question above, but it’s worth repeating. Credit Karma is free. There are no trial periods and no credit card is required.

Try Credit Karma

Key Credit Karma Features

Credit Karma offers a lot more than just credit scores. Here is a list of the key features that I find the most useful.

  • TransUnion Credit Score: You’ll see your credit score based on credit data at TransUnion. The score is calculated using VantageScore 3.0. You’ll also see a history of changes to your score over time.
  • Equifax Credit Score: You also get your credit score based on data maintained by Equifax. This score is also based on the VantageScore 3.0 formula. Because the credit data on file can differ between TransUnion and Equifax, your scores will likely be different as well. In my case, the difference was 11 points.
  • Credit Factors: You’ll receive a list of the factors that are either helping or hurting your score. These factors include credit utilization, payment history, derogatory marks in your credit file, the age of your credit history, credit inquiries, and total accounts. We’ll dive into this a bit more below.
  • Credit Reports: You can see the details of your credit reports at TransUnion and Equifax. A nice feature is the way this information is presented. Credit reports in their raw form can be difficult to decipher. The information at Credit Karma, however, is very easy to understand.
  • Track Your Spending: If you want, you can connect bank accounts and credit cards to your account at Credit Karma. This enables you to track your spending over time. You can categorize your spending for budgeting as well.
  • Credit Score Simulator: This tool can be helpful to understand how certain events will affect your credit score. For example, you can get an idea of how applying for a new credit card will affect your score. This can be very useful if you plan to buy or refinance a mortgage and want to avoid lowering your credit score. I’ll cover this feature in more detail below.
  • Search for Unclaimed Money: This is a new feature that Credit Karma recently added. You can search for unclaimed money that may belong to you. The search is by state, and you’ll be directed to a state-specific resource where you can conduct an online search.

Credit Simulator

One big aspect of the genius is their credit simulation feature. This tool can help you predict how your credit score will be affected by certain actions. Do you plan to close a credit card, or purposely make a late payment because you can’t afford to send the check on time? Well, using this simulator, you can determine whether or not your credit score changes with each action.

Credit Simulator

You can simulate all of the following:

  • Open a New Credit Card
  • Add a New Loan
  • Add Credit Inquiries
  • Increase the Credit Line on One Card
  • Open a New Credit Card and Transfer Your Balances
  • Close Your Oldest Credit Card Account
  • Increase or Decrease Your Credit Card Balances
  • Pay Off All Credit Card Balances
  • Allow ONE Monthly Payment To Become Past Due
  • Allow ALL Monthly Payments To Become Past Due
  • Have An On-Time Credit History
  • Add Public Record To Your Account
  • Have One Account Go Into Collections

Credit Factors

Another cool feature is the Credit Factor report. This tab allows you to get a birds-eye view of your credit report according to TransUnion and Equifax. You can see exactly how much of your credit is being utilized, how many collections or late payments are being reported to each bureau, the number of inquiries you’ve racked up, etc. And what’s always interesting to me is that they are almost never a perfect match between the bureaus.


You may be used to checking your credit through only one or two bureaus. However, it would be very useful to check at least two, if not all three. Having a compare-and-contrast option within Credit Karma’s dashboard makes this simple and quick.

There are plenty of other smaller features within Credit Karma that help consumers manage their loans, savings and CD accounts, credit cards and almost any other financial account you can think of. The site also has its fair share of outside credit card and free-trial offers because providing a free service means they have to make money somehow. If you can avoid signing up for offers and don’t mind providing your contact information to a third-party provider, Credit Karma is a reasonable option to help you better understand how your credit report and score will affect your financial future.

Try Credit Karma

Credit Karma

Credit Karma


10.0 /10

Ease of Use

10.0 /10

Credit Score Accuracy

9.0 /10


10.0 /10


  • Totally Free
  • Very easy to use
  • TransUnion credit score
  • Equifax credit score


  • No FICO score

Topics: Credit

12 Responses to “Credit Karma Review: A Great Way to Get Your Free Credit Score”

  1. Billy Paxton

    Credit karma is not accurate at all give you incorrect information on mortgages, loans and everything. Their 649 credit score say it’s fair but the real truth its pretty bad and if you based your credit decision on opening a account on another credit card or loan it will go against your credit score even further due to false information.

  2. Leilehua

    Credit Karma used to be AWESOME and THE best way to keep track of your credit and manage your accounts. But now they have changed their format and it is really hard to use. The BEST feature was their red-yellow-green side-by-side “leaderboard” of your credit accounts. It had everything laid out in a great color-coded chart that let you see at a glance all of your accounts, their status, relative status, and made it super easy to make decisions on how to manage/pay off your accounts. It really helped me to improve my score and get a couple of credit cards which were perfect for my personal and business use.

    The new format has eliminated that feature, and is no longer useful to me. I am looking for a new website with something comparable to the old features.

  3. I’ve been using Credit Karma for a few years and really like it. My whole family uses it – me, my mom, and my sister. We love how they email us updates and increases/decreases to our scores. Our scores have actually increased dramatically since using it which is awesome!

  4. Michael Reilly

    I try to look at Credit Karma about 5 days a week. I like the fact that once I log in my credit scores from two credit reporting agencies appear right on the top of the screen. For free it is really worth it to sign up.

  5. I used credit karma and quizzle I had a 669 score on quizzle and a 702 score on karma ,so I went to see about a loan and they said I have no credit score at all with fico ,does not make any sense?????

  6. Leslie Burks

    On Dec. 9 I completed a 7 day free credit report through CreditKarma. I cancelled the service within minutes. On Dec. 10, Transunion charged me $29.95! I called the phone number given on the website and it was for Transunion. I explained the 7-day free trial, that I canclled it immediately, and the Transunion rep refused to reimburse me. We ended up in a shouting match, this woman told me that I may have filled out a 7-day free trial, but it did not apply to Transunion. I am going to every website I know of to complain, including BBB and the District Attorney, to file false representation.


  7. Glad I read your review. Score was at 666[!!!], but now down to 634. $24 K in student loans is the reason–pay back began in Feb, 2013.

    Tried to get annual free credit reports, but security questions a bit off, so don’t know if I answered correctly. Will now have to call.

    But thanks for the articles, and referral to credit karma (don’t remember what article led me here.)

    • I’ve been using CreditKarma for over 10 years now; they truly are free!! It’s the best tool I’ve found to get educated!! I didn’t realize until reading this article, though, that the credit score reported isn’t the FICO score. I wonder how those two are different; I need to do some more research, clearly!

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