Contact Information: Press Contact: Michael Azzano Cosmo PR for Credit Karma 415.596.1978
Credit Karma Launches New Credit Card Recommendation Service Based on Actual Credit Scores
Monthly Credit Card Recommendations by Credit Score Range and Card Preferences
| Source: Credit Karma
SAN FRANCISCO, CA--(Marketwire - October 6, 2008) - Credit Karma (www.creditkarma.com), the
free and easy way to access, improve and leverage your credit, today
introduced a new dedicated credit card recommendation service that is based
on an individual's actual credit score. The new service provides customized
recommendations by credit score range using a computation of current credit
card information and overall consumer card preferences.
"Most Americans conduct their daily lives through their credit cards, yet
they do so with a card that could actually be costing them money because it
doesn't suit their individual needs," said Kenneth Lin, founder and CEO of
Credit Karma. "We leverage our unique tools and our team's collective
experience in the credit industry to help consumers learn about the
different credit cards available and then find the one that perfectly
matches their particular lifestyle."
There are hundreds of different credit cards available to consumers, and an
incorrectly matched credit card can lead to thousands of dollars in
additional fees and higher rates over the life of that card. Credit Karma
helps consumers avoid this trap by quickly and easily finding the perfect
card for their needs. Consumers can also use Credit Karma to identify which
cards they are likely to qualify for in advance so they do not harm their
credit with multiple credit applications that are eventually denied.
Visitors to CreditKarma.com can first obtain their credit score for free in
order to identify their particular score range: poor, fair, good or
excellent. Credit Karma will then make recommendations for each credit
class based on the common needs of individuals within that group.
For example, visitors with poor credit are most often hoping to qualify for
a card that will help them build better credit. Individuals within this
score range have a score of less than 500 and do not qualify for a true
credit card. Credit Karma suggests these consumers use either a pre-paid or
a secured credit card to help build their credit, and provides specific
recommendations for each.
"These customized recommendations will help consumers quickly make sense of
the huge number of cards available to them so that they can confidently
choose the one that will allow them to save the most money or earn the most
valuable rewards," added Lin.
All personalized credit card recommendations will include the best card
available for an individual along with the pros and cons of that particular
card. Visitors can also access articles and information about choosing the
right card, search for additional cards based on their preferences, and
leave both positive and negative feedback about their own credit card
experiences.
For a complete list of Credit Karma recommendations for all credit grades,
or to learn more about Credit Karma's credit card recommendation service,
please visit www.creditkarma.com/creditcards.
As a staunchly pro-consumer company, Credit Karma never shares a consumer's
personal information with advertisers or third parties.
About Credit Karma
Based in San Francisco, Credit Karma is a pro-consumer credit score company
dedicated to helping consumers better understand the power of their credit
by giving them completely free access to their credit score as often as
they wish, providing a host of tools and services to help them improve and
monetize that score, and helping them become better overall credit
consumers. At www.creditkarma.com, consumers not only learn their score,
but they can identify what behaviors will positively impact their score and
then gain preferred product pricing based on their credit score range.