Is Credit Karma a Scam?

We generally make money when you get a product (like a credit card or loan) through our platform, but we don’t let that cloud our editorial opinions. Learn more about how we keep this compensation from affecting our editorial views.

Is Credit Karma a Scam?

Nowadays, many people are so scared of being scammed that they don't believe anything can be really free. Their first thought is, "what's the catch?"

Well, we're here to mollify your fears, at least about our free scores. Credit Karma is not out to scam you--our goal is to provide you with free tools and financial information to help you better understand your financial situation. Sound too good to be true? Let us take a moment to explain.

Will you ask for my credit card number and charge me if I forget to cancel my account?

Nope! Because you never give us your credit card number, you'll never be charged by Credit Karma. We don't have any free trial periods or subscriptions--we're always free.

Instead of charging you for our free credit scores, we generate revenue by offering you targeted, intelligent recommendations that we think might be of interest to you based on your credit profile. You don't need to take any of these offers to continue receiving your free credit scores, and you can opt out of receiving emails about special promotions and offers.

Will you give away or sell my information?

At Credit Karma, we are committed to securing your data by treating it as if it were our own. We have many security measures in place to make this possible, including using 128-bit encryption to protect the transmission of your data to our site, monitored servers around the clock, external security assessments, read-only access, firewalls and more. In addition, and probably most importantly to you, we won't sell or rent your personal information to third parties for any purpose and will never share your credit report or credit score with third parties. Our privacy policy is certified by TRUSTe, which means we value your privacy and take steps to safeguard your personal information.

In order to pull up your credit score for you, we do ask some personal information, including your address and social security number. This is the same information that the credit bureaus use to pull your credit report. We realize this may be intimidating, and applaud you for wanting to keep your information safe. However, please know that your social security number is necessary to validate your identity with TransUnion. We maintain physical, electronic, administrative and procedural safeguards to protect the confidentiality of your personal information.

How can I really trust Credit Karma?

We recommend you research on your own any new company you're thinking about giving your business. But just to save you some time, Credit Karma's Privacy Policy is certified by TRUSTe and has been featured on The Wall Street Journal, USA Today, CNN and a multitude of other sites.

So go ahead! Try us out and definitely let us know if you have any questions or concerns.

About the Author: is Credit Karma's Social Media Manager. Although her specialty lies in creating witty post-it notes, she also enjoys sharing all the financial information she's learned since joining Credit Karma in February 2012. When she's not working, you can probably find her trying out a new dessert recipe or learning/perfecting any musical instrument she can get her hands on. Say "hi" @leejennaa!

Editorial Note: The opinions you read here come from our editorial team. While compensation may affect which companies we write about and products we review, our marketing partners don't review, approve or endorse our editorial content. Our content is accurate (to the best of our knowledge) when we initially post it, but we don't guarantee the accuracy or completeness of the information provided. You can visit the company's website to get complete details about a product. See an error in an article? Use this form to report it to our editorial team. For questions about your Credit Karma account, please submit a help request to our support team.

Advertiser Disclosure: We think it's important for you to understand how we make money. It's pretty simple, actually. The offers for financial products you see on our platform come from companies who pay us. The money we make helps us give you access to free credit scores and reports and helps us create our other great tools and educational materials.

Compensation may factor into how and where products appear on our platform (and in what order). But since we generally make money when you find an offer you like and get, we try to show you offers we think are a good match for you. That's why we provide features like your Approval Odds and savings estimates.

Of course, the offers on our platform don't represent all financial products out there, but our goal is to show you as many great options as we can.

All Comments

Result 1-1 of 1Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next
1 Contribution
0 People Helped

why is creditkarma scores on your credit report so far different than other reporting agencies? When you go for a loan they will not use creditkarma to verify beacon scores.

Result 1-1 of 1Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.


Comment on this Article

Write your comment:
Enter Your Comments