rjmount

43 Contributions 810 People Helped Top Contributor

Member Since: July 2012

About Me: I don't like the new Credit Karma beta. Site has taken a huge step backwards.

Most Helpful Contribution

Discover it®

Jan 14, 2013
Approved for $6,000
Helpful to 282 out of 322 people

715 CK, 0 derogs, 33% utilization, B-grade overall.  Did not get auto-approved, had to call in for some reason.  When I called they asked no further questions and just said, "Approved!".  Took less than 1 minute.

Approved for $6,000 including the BT offer (which ended up being 14 months, not 18).

Application process = EASY (3 extremely short steps)

Customer Service So Far = Awesome.  Very friendly.  Apologized that I had to take the time to call in.  Understood me.  I understood them.

I'm adding this card to my portfolio of AmEx HH, Chase Slate, CapOne BestBuy, CapOne Orbitz, and OnPoint Visa.  I'm stoked!

Activity (43 Total Contributions)

Results 1-10 of 43Results per page: 5 | 10 | 25Page 1 of 5   Previous | Next

How do you update your score in the new beta format. Thanks

Feb 18, 2013
Helpful to 243 out of 251 people

You can't.  I have contacted CK directly on this a number of times and they give a roundabout answer that is relatively meaningless.  I understand their reasoning, but for a lot of us, it doesn't fly or fit our usage.  I use two other services that let me update daily, and now my Credit Karma is up to 7 days behind at any given moment.

Your score should update automatically, weekly now.  It is sad.

Please contact them under "Help" in the top right and suggest they change this back to the old way.  I'm hoping if enough of us request that functionality that CK will realize they are hurting their existing user-base with this new approach.

Dear CK: can you please add back the ability to update daily with the new beta product?

Mar 07, 2013
More info
Helpful to 64 out of 65 people

CK:

I have had a ***ulative 9 report changes in the last two weeks, scattered throughout the 14 days.  Evident by two other monitoring services I use.

These are not properly reflecting in CK until a weekly update occurs.  Your "30 day" reporting idea that weekly updates are now based on is flawed.  Please fix.

Discover it®

Jan 14, 2013
Approved for $6,000
Helpful to 282 out of 322 people

715 CK, 0 derogs, 33% utilization, B-grade overall.  Did not get auto-approved, had to call in for some reason.  When I called they asked no further questions and just said, "Approved!".  Took less than 1 minute.

Approved for $6,000 including the BT offer (which ended up being 14 months, not 18).

Application process = EASY (3 extremely short steps)

Customer Service So Far = Awesome.  Very friendly.  Apologized that I had to take the time to call in.  Understood me.  I understood them.

I'm adding this card to my portfolio of AmEx HH, Chase Slate, CapOne BestBuy, CapOne Orbitz, and OnPoint Visa.  I'm stoked!

Dear CK: can you please add back the ability to update daily with the new beta product?

Apr 06, 2013
Another addition...
Helpful to 12 out of 12 people

I am getting alerts for new accounts, balance changes, score changes, etc. every ~3 days with other TransUnion services.  In the last month or so, CK has not reported anything.

In fact, CK is currently behind in present information on my report by MORE than 1 week.  I'm not sure why though, I would have expected CK was basing off most recent reports when updating - apparently not.

If I have a 824 (high) on auto insurance score, why does it say POOR?

Feb 17, 2013
Helpful to 74 out of 86 people

Score isn't everything.  You can have an 760 FICO score and 0 credit history, so while your score rocks, you probably won't qualify for prime rate or lending because of the lack of history.

It looks like Credit Karma's proprietary scale puts an 824 one-tick away from "Fair".  My own is 845 and "Good" right now, but I can tell you first-hand that I have had no trouble getting prime auto insurance and prime lending rates.  Example, one of my new cars right now has full coverage with a $0 deductible and it only costs me $90/month.

I wouldn't worry about it too much, just manage your credit responsibly.  Not all auto insurance lenders calculate score the same as Credit Karma, so CK should just be used as a measure taken with a grain of salt.

Dear CK: can you please add back the ability to update daily with the new beta product?

Apr 14, 2013
FYI
Helpful to 9 out of 9 people

I just signed up for and was approved for three new trade lines.  While in the past I would have gone through your site to support it, given the recent downturn in quality and the lack-luster customer service, I applied through other sites.

I highly recommend you start listening to your end-users.

credit card utilization.

Feb 17, 2013
Helpful to 39 out of 46 people

You do not need to use a card to increase your score, that will come with on-time payments and length of history over time.

However, you should use the card ~3 months (depending on the lender) to keep it active, otherwise the line could be closed.

Utilization under 30% is best, under 10% is even better.  If you do plan on using the card, and you go over those percentages it would be best to pay it before the cut-off date for reporting (which is not always the same as your statement reporting date).  However, utilization report isn't historic.  E.G. if 50% util gets reported one month, but you pay it down to 0 and don't use it and 0% util is reported the next month, lenders can't see that you ever had the 50% util.

They can, however, see the high-limit that was reported.  This isn't really looked at that often, depending on the strength of the rest of your report.

Capital One® Platinum Prestige Credit Card - EXPIRED OFFER

Jan 17, 2013
Not my favorite...
Helpful to 15 out of 17 people

Applied online.  Application is far from being as simple as Discover's.  Customer service before-hand had a difficult time understanding my questions and concerns.

I have cards with limits as high as $16,300 and as low as $5,500.  715 score, no derogs, stable job with a high 5-figure salary.

CapOne wouldn't budge from a $1,000 limit.  Oh well, diversifies my portfolio a tiny bit.

I have a choice to do a settlement for $704 or pay in full for $937. Will a settlement hurt me?

Feb 17, 2013
Helpful to 4 out of 4 people

It depends on how they will report it to the credit bureaus.  You may want to ask.

If the settlement for $704 ends up being reported as "Paid Settlement" or some variant, then yea, it can hurt you for ~7 years.

If the "Paid in Full" of $937 is truly reported as a PIF account, then I would opt for that because 7 years is a long time to carry a quasi-derog.

You should ask exactly how it will be reported, and get it in writing.  Get *everything* in writing and save it.

Capital One® Orbitz® Visa® Platinum

Feb 17, 2013
Approved for $500
Helpful to 3 out of 3 people

This was a long time ago.  They pulled Experian and Equifax and I had about a 670 FICO with each.  I have since been able to get a CLI to $1,000...but get this, I have had this card 3 years now and they won't give me any more CLI's (despite my having other cards with limits of $16,000).

Their reason? They don't offer credit line increases on this card.  My guess is this card is really just being phased out and only loosely supported.  The point accruel on it sucks, it is almost always 1:1 dollar to point and the exchange rate to offers is atrocious.

I don't like this card, but because it is helping my credit length and average age I don't want to close it.  I use it once in a blue moon to keep it active, but otherwise shelve it.  I may try for a product change in 6 or so months to their cash back card.

I don't recommend this card, however, it was easy to get approved for and was a factor in rebuilding my credit back in the day.

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