Once you’re a member, you can track your credit as often as you like.Credit Karma also provides free online tools and information to help you understand your score, with specific actions, based on your profile – say, reduce your credit utilization or improve your on-time payments – that you can take to improve it.
You can’t use them to buy hardware, only the software, and you’re not allowed to redeem them into cash.
“The loser in the equation was that bank that was charging too much.” Credit Karma is an online personal-finance platform that lets consumers monitor their credit reports and scores for free, while offering them tools – and suggestions based on their credit profile – to improve them.
It gets compensated by financial companies which pay to get "matched" with consumers as tailored product ads —based on their credit profile and high likelihood of being approved — are presented to users.
Credit Karma has made transparency central to its business model: “The company was founded with the belief that consumers should have access to their data for free,” according to a spokesperson.
“After all, it is data, and they’re judged by it in nearly every facet of their lives.” Another part of the mission is helping people understand their own financial health.