Software Alternatives, Accelerators & Startups

Credit Karma VS nerdwallet

Compare Credit Karma VS nerdwallet and see what are their differences

Credit Karma logo Credit Karma

Receive your free credit score instantly and review your real credit report online.

nerdwallet logo nerdwallet

Quora for Finance
  • Credit Karma Landing page
    Landing page //
    2023-07-12
  • nerdwallet Landing page
    Landing page //
    2022-12-13

Credit Karma features and specs

  • Free Credit Scores
    Credit Karma offers free access to your credit scores and reports from two major credit bureaus, TransUnion and Equifax. This can help users monitor their credit health without incurring any costs.
  • Personalized Recommendations
    The platform provides personalized financial advice and product recommendations, including credit cards and loans, based on your credit profile. This can help users find financial products that better suit their needs.
  • Credit Monitoring
    Credit Karma offers free credit monitoring, alerting users to significant changes in their credit report. This can help users quickly detect and respond to potential fraud or identity theft.
  • Educational Resources
    The platform provides a wealth of educational resources, articles, and tools to help users understand and improve their credit scores. This can empower users to make informed financial decisions.

Possible disadvantages of Credit Karma

  • Targeted Ads
    Credit Karma’s business model relies on displaying targeted advertisements and product recommendations. Some users might find these ads intrusive or feel pressured to apply for recommended products.
  • Limited Credit Bureaus
    Credit Karma only provides credit scores and reports from TransUnion and Equifax. It does not include data from Experian, which can result in an incomplete picture of a user's credit health.
  • Accuracy Concerns
    There have been instances where users reported discrepancies in the credit scores and reports provided by Credit Karma compared to official reports from the credit bureaus, potentially causing confusion.
  • Data Privacy
    To use the service, users need to provide sensitive personal information. Although Credit Karma follows strict privacy policies, some users may be uncomfortable with the amount of data collected.

nerdwallet features and specs

  • Comprehensive Financial Tools
    NerdWallet offers a wide array of financial tools, including budgeting calculators, credit score tracking, investment comparison tools, and loan calculators. These tools help users make informed financial decisions.
  • Educational Resources
    The platform provides extensive articles, guides, and blog posts on a variety of financial topics. This educational content is designed to improve financial literacy.
  • User-Friendly Interface
    NerdWallet has a user-friendly interface that makes it easy to navigate through different sections and find relevant financial information quickly.
  • Personalized Recommendations
    The platform offers personalized financial product recommendations based on the user’s individual financial situation and goals.
  • Free Access
    Most of the resources and tools provided by NerdWallet are available for free, making it accessible to a wide audience.

Possible disadvantages of nerdwallet

  • Affiliate Links
    NerdWallet earns revenue through affiliate links and partnerships with financial institutions. This could lead to potential bias in recommendations.
  • Privacy Concerns
    To provide personalized recommendations, NerdWallet collects and stores personal financial information, which may raise privacy concerns for some users.
  • Limited Product Scope
    While NerdWallet covers a broad range of financial products, it may not include every possible option available in the market, potentially limiting choices for users.
  • Ad-Population
    The site includes advertisements and sponsored content, which can be distracting and may detract from the user experience.
  • Complexity for Novices
    Although the interface is user-friendly, the depth and breadth of information available can be overwhelming for newcomers who have limited financial knowledge.

Credit Karma videos

Credit Karma Review

More videos:

  • Review - Credit Karma : should you use it?
  • Review - BE CAREFUL USING CREDIT KARMA - WHAT YOU SHOULD KNOW

nerdwallet videos

Millionaire Reacts To NerdWallet TV Ad

More videos:

  • Review - Nerdwallet: Avoiding Personal Debt
  • Review - NerdWallet Review Best Credit Cards I December 2020

Category Popularity

0-100% (relative to Credit Karma and nerdwallet)
Tax Preparation
100 100%
0% 0
Personal Finance
51 51%
49% 49
Finance
41 41%
59% 59
Credit Builder
100 100%
0% 0

User comments

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Reviews

These are some of the external sources and on-site user reviews we've used to compare Credit Karma and nerdwallet

Credit Karma Reviews

Best Mint Alternatives to Keep Your Budget on Track
Intuit told Mint users to switch to Credit Karma, its free app best known for tracking credit scores. You can access some Mint-style features with Credit Karma — including viewing linked accounts, transactions, cash flow and your spending and net worth over time — as well as unique offerings like credit monitoring of your Experian and TransUnion reports and...
Source: www.cnbc.com

nerdwallet Reviews

Best 9 Personal Finance Software For Windows 11, 10 Free PC, Surface Pro
NerdWallet is an ideal finance software for personal and small business users. The software has plenty of tools to keep an eye on your financial movements. It is great software for those who want to improve their financial health by simply tracking down and managing their money transactions.

Social recommendations and mentions

Credit Karma might be a bit more popular than nerdwallet. We know about 58 links to it since March 2021 and only 43 links to nerdwallet. We are tracking product recommendations and mentions on various public social media platforms and blogs. They can help you identify which product is more popular and what people think of it.

Credit Karma mentions (58)

  • What card should I apply too next ? 19 years old - Second card
    If your sister carries a balance month to month on her cards, she’s not using her cards responsibly and you definitely do not need her scores dragging yours down, family loyalty and all. Join Experian.com and creditkarma.com for free, to keep track of your credit reports and FICO 8 score (Experian). Source: almost 2 years ago
  • Is this fraud?
    It could be your moms, I know one of my moms credit cards from 1987 (when I was 2) shows up on mine. But I highly doubt 8 accounts are there. creditkarma.com is another place you can quickly check. Source: about 2 years ago
  • [MI] 3 years after Ch. 7 with 795 Score, Help Me Understand
    You're correct that the 795 score is based on Vantage 3.0. I got it from creditkarma.com and it says as much under the scores. Source: about 2 years ago
  • Be Careful on Experian!
    The big 3 credit agencies are scum. Do not pay them. You DO NOT need to pay them. It's free to freeze your credit (https://www.nerdwallet.com/article/finance/how-to-freeze-credit). It's free to check your credit (www.AnnualCreditReport.com). It's free to monitor your credit (creditkarma.com). Don't give them your money. Source: about 2 years ago
  • Apartment Related
    He can also get an approximation of his score via creditkarma.com. It won't be the same one that the landlord will use but it'll give you an idea of the ballpark he's in. Source: about 2 years ago
View more

nerdwallet mentions (43)

  • Suggestions for HELOC provider?
    My mortgage holder, Wells Fargo, no longer offers HELOCs. I browsed bankrate.com and nerdwallet.com and see many providers, but only a few banks. I do not recognize many of the companies on the list. (Ex: https://www.nerdwallet.com/mortgages/heloc-rates). Source: over 1 year ago
  • Can I get a mobile home with no credit?
    I would try renting first and when you are happy where you are and with your job for awhile consider getting a new homebuyers loan. Also, you need to work on your credit for that to happen. Call a bank and ask about a prepaid credit card. Then use that card to pay a small monthly bill (3-7% of the allotted credit) that you can have taken straight out of your checking account (at that same bank or a different one).... Source: almost 2 years ago
  • Banking
    There are some good reviews on moneysense.ca or nerdwallet.com or creditcardgenius.ca or savynewcanadian.com or ratehub.ca. Source: almost 2 years ago
  • Is Minnesota liberal?
    Tough choice between Minneapolis and Portland. I'd stay away from DC personally. I love it here in Minnesota, but have friends just outside Portland who like it there as well. Both areas have good schools in the suburbs and are great cities. I think public transit is better in Portland is better and you can't beat the wilderness opportunities in Oregon, but Minnesota has a TON of great parks and wilderness as... Source: almost 2 years ago
  • Credit Card News and Deals Roundup: Week of April 10, 2023
    Per NerdWallet, Chase provided the following additional information about the conversion:. Source: about 2 years ago
View more

What are some alternatives?

When comparing Credit Karma and nerdwallet, you can also consider the following products

Experian - Your credit report, FICO Score, and more. All free.

Mint - Free personal finance software to assist you to manage your money, financial planning, and budget planning tools. Achieve your financial goals with Mint.

Credit Sesame - Credit Sesame Credit Sesame

Empower - Our vision is to transform financial lives through advice, people and technology. Our mission is to empower financial freedom for all.

Kikoff.com - Build credit fast

Quicken - Stay in control of your monthly cash flows, budgets, and expenditures. Quicken provides a navigable interface where you can organize your debit, credit, and savings, and build good habits accordingly.