Credit Karma – Free Credit Score, No Credit Card Required

My wife and I bought a home a few years ago and I was curious about how buying a home affected our credit score. In the course of researching my credit score, I was looking for a way to get a truly free copy of my credit score. There are a lot of companies that…
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My wife and I bought a home a few years ago and I was curious about how buying a home affected our credit score. In the course of researching my credit score, I was looking for a way to get a truly free copy of my credit score. There are a lot of companies that pull the bait and switch. A common ploy is to make consumers sign up for a “free” trial that requires a credit card and they automatically enroll you in their credit monitoring service which charges a monthly fee if you don’t opt-out before the free trial ends. There are also services that charge something like $1 for a week or a month, then require you to cancel the subscription to avoid paying higher monthly fees.

I don’t see much value in paying an ongoing fee for my credit score when there are several companies that offer free credit scores and don’t require a credit card.

The company I used is Credit Karma, which offers a free credit score with no credit card information. I’ll give an overview of their service, a few places where they shine, and cover a couple areas where I think they can improve.

Overall, though, I believe this is a great service for people who are interested in learning more about their credit scores, and the best part – Credit Karma is always free.

Credit Karma Review – Free Credit Score Online

The account opening process is very simple and only takes a few minutes. You will need to:

  1. Create an account (name, e-mail address, and password)
  2. Enter your name, address, and last 4 of your SSN
  3. Confirm your identity by answering questions about your current or past loans.

The entire process takes about 3-5 minutes. Once you sign up for an account you have instant access to your credit score, Credit Karma Credit Report Card, and other information.

There Are Many Credit Score Types

There are several common misconceptions about credit scores, namely that there is a “best credit score” or there is only one credit score. The truth is that there are hundreds of types of credit scores.

Each credit scoring system is slightly different (there are actually hundreds if not thousands of unique scoring systems, depending on the credit reporting agency, the type of loan and the information the lender wants to see – for example there is a mortgage risk credit score).

While not all credit scores are identical, many of them use similar methodologies. If you are only concerned with a ball park figure for personal use, and not the exact number a lender will use, then pretty much any credit score from a major credit bureau should be good enough for your needs.

Credit Karma uses the TransRisk Credit Score by TransUnion

The standard Credit Score used by Credit Karma is the TransRisk New Account Score provided by TransUnion. This is a proprietary credit scoring system provided by TransUnion, which is one of the three major credit bureaus.

The score is based only on the information in the TransUnion credit report. It’s important to know which credit score is being used – since this score is only based on the information from one credit bureau, it is important to ensure you check your credit report to make sure the information they are using is accurate. (Each of the three major bureaus maintains a separate credit profile, which you can receive a copy of free once per year from

Credit Karma Credit Report Card

Credit Karma offers users a Credit Report Card, which rates areas of their credit much like a report card you might have received when you were in school. The areas covered in the Credit Report Card include:

  • Open Credit Card Utilization
  • Percent of On-Time Payments
  • Average Age of Open Credit Lines
  • Total Accounts
  • Hard Credit Inquiries
  • Derogatory Remarks
  • Total Debt
  • Debt to Income Ratio

My TransRisk Credit Score from Credit Karma and TransUnion showed the opportunity for improvement in Average Age of Open Credit Lines and Total Accounts. My average age of credit isn’t very old, coming in at only 3 years 1 month.

This is partly my fault because a few years ago I closed my oldest credit card, which at that point was going on 8 years old. This was before I was reading and writing about personal finance on a regular basis and I didn’t realize that closing a credit card can affect your credit score.

Since then I have also opened a few other cash back credit cards and more recently, I purchased a home (4 months ago). These new accounts have dragged down my average age of credit and changed my overall credit profile.

I received a “C” on my credit report card for the total number of accounts I have, which is 11. I thought that sounded high, and it turns out it is – kind of.

Credit Karma reports the total number of accounts you have open and closed, and gives you a score based on that. My assumption was that more lines of credit equaled a greater risk since you have access to more debt at your fingertips. It turns out some credit issuers don’t see it that way. According to the Credit Report Card:

Total accounts is another measure of your creditworthiness. Consumers with more credit accounts generally have better credit scores because it means more lenders are willing to grant credit. This metric represents the total number of accounts listed on your credit report. A breadth of different account types is indicative of good credit.

Unfortunately, the Credit Report Card doesn’t show which accounts I currently have on my report (or it wasn’t immediately evident how I could find this information without going to to download a free copy of my credit report). I will need to verify these accounts to ensure accuracy.

It also makes me consider opening a new rewards credit card, since there are a few on the market right now which offer great cash back and other rewards, along with special sign up bonuses. My family and I are planning a trip for Christmas, so I am thinking about getting a new travel credit card.

Other Credit Karma services:

In addition to the Score Center and Credit Report Card, Credit Karma offers a few more tools to help you understand and improve your credit score: Credit Compare, Credit Simulator, and Credit Monitoring.

Credit Compare

Credit Compare is just as it sounds – it shows where your credit score and profile rank among several criteria, including similar Credit Karma profiles, in your state, on a national level, for your age, and more. This information in and of itself is more for a baseline than anything, as it doesn’t give you anything actionable to do. But it can be good o get an idea of how you are doing compared to your peers.

Credit Simulator

Credit Simulator is one of the more interesting tools on Credit Karma. The Credit Simulator takes user inputs and shows how they could hypothetically affect your credit score. According to Credit Karma, they take over 200 factors into consideration when they simulate your credit score. And remember how I mentioned I was thinking about opening another credit card? Well, I decided to add another credit card with a $10,000 limit to my credit profile to see how it would affect my credit score. The result was the opposite of what I expected. Even though I would increasing my credit limit and decreasing my average age of credit, the Credit Karma Credit Simulator predicted my credit score would increase!

Credit Monitoring

Credit Karma offers free, daily credit monitoring in addition to free credit scores. Credit monitoring helps you keep up to date with your credit accounts and can alert you to changes in your credit profile, credit score, or notify you about applications for new credit under your name.

Tax Preparation and Tax Filing

Update: In November of 2020, Square, Inc (parent company of Cash App) acquired Credit Karma’s free tax service, rebranding it as Cash App Taxes. Since then, Credit Karma has announced a new, upcoming partnership with TurboTax. This article will be updated when more information is released.

Credit Karma recently acquired AFJC, which is a software provider that provided the software for Jackson Hewitt. With their tax filing services, called “Credit Karma Tax,” you’ll be able to take advantage of several advantages, all at no costs to you. With their tax services, you’ll be able to file your state and federal taxes for free. They won’t try and upsell you or force you to pay for premiums services. Correctly filing your taxes can be a long and confusing process, but Credit Karma’s tools can make it as simple as making a few mouse clicks. Instead of having to pay hundreds of dollars to a tax professional, you can file your taxes for free.

Questions which might interest potential Credit Karma customers:

  • How accurate is the credit score? The credit score is as accurate as the information in your credit report. Since this credit score is based on the TransRisk Credit Score from TransUnion, it is only as accurate as the information in your TransUnion credit report. Each of the 3 major credit bureaus may have slightly different information on file for you, so it is a good idea to check your credit report from each of the credit bureaus at least once per year (you can do this for free from
  • How can Credit Karma offer free credit scores? Credit Karma is following a similar business model as – offer consumers a valuable product for free, then find a way to make money after the fact. Like Mint, Credit Karma makes money by recommending products and services which might benefit you. For example, they may offer you a better credit card than the one you are using, or recommend you refinance your home loan to save money. These products can benefit you, and they have already done the research, making it easy to compare products and services. While there are ads on their site, I don’t find them to be intrusive, nor do they push them on you
  • How safe is it? Credit Karma uses the same security procedures as major banks and other financial institutions, so I would say it’s basically the same as online banking. The website will also automatically log you off after just a few minutes of inactivity (which happened to me several times while I was writing this review).

Bottom line: I can’t find much fault with Credit Karma. The only thing I wanted to see was a list of the accounts they used for the credit scoring and credit report card. I wasn’t able to find a list, but I can get one by obtaining a free copy of my TransUnion credit report from Other than that, I believe this is a great service, which almost everyone should consider. Even if you aren’t planning on making any purchases on credit in the near future, it’s a good idea to periodically monitor your credit score for changes – this is one of the easiest ways to catch identity theft.

Your finances are precious. You should do everything that you can to get the most out of your credit score. Credit Karma is a great way to track your credit score. Not know your credit score, or monitoring it, is one of the worst mistakes that you could make. While there might be some different services with more advanced tools, those aren’t free. With Credit Karma, you won’t spend a dime, but you’ll get excellent services.

You can sign up for a free Credit Karma account here: Join Credit Karma.

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  1. Sandra Hampton says

    I would like to check my score so that I can work on getting it higher and in better standing. Thanks!

  2. finco86 says

    Be carefull! The score on CreditKarma is not your FICO score. It is a vanity score from TransUnion. I grant you that it is close, but not exact. I just refinanced my mortgage and I had a score on CreditKarma of 776. When the mortgage banker checked my credit scores, they were 804 for all three credit reporting companies.

    I use it to see if anything changes between the times I pull my credit reports. Might help to dig deeper if your score is moving around with no direct changes by you.

    • Ryan says

      Agreed, finco86, and that’s clearly stated in the article. These credit scores are good for a general idea of what your score is, and for tracking general changes over time, but lenders may use a different score. And many mortgage lenders use a credit score from FICO that is different than the one FICO will sell you, so that is another place to beware. If you have a specific need for a credit score, it is a god idea to contact your lender in advance and ask which type of credit score they use, then see if you can get a copy of that on your own before applying for the loan. But if you only have a general need for a credit score, then this credit score, or one from a service like Credit Sesame should be fine.

  3. Britt says

    My wife and I use the each year to check our credit reports, and like you say, if you want to check your credit score, then you have to sign up for their service, then opt-out before the trial period ends. It’s such a pain, I haven’t bothered in years. It’s nice to know that there’s a service like this out there!

    • Ryan says

      Britt, I was in the same boat – I actually signed up for a credit monitoring service before buying my home, just so I had a better idea of my credit score and because I wanted to track how things changed in my credit profile when I moved (the answer is very well; the credit bureaus all updated my address within a week or two of moving). I canceled the monthly membership after a couple months, since I didn’t need it for my original purpose. This time I wanted to know how my score changed after buying a home and I didn’t want to sign up again. These services are great if all you have is a casual need for a credit score (ie, if it doesn’t matter to you which of the three bureaus you use for your score, you don’t need the credit monitoring, etc.).

  4. Brett Adams says

    Thanks for this, I have been looking for a way to check my score, more than once a year, but I was not willing to pay for it since it isn’t that important to me. I just know I would like to raise mine.


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