Creditkarma.com is one of my favorite sites on the Internet. Every month it allows you to see your credit score from TransUnion, one of the 3 major credit bureaus.

This is different from annualcreditreport.com, which allows you to see the details of your 3 credit reports for free each year, but not see the score that is calculated. Freecreditreport.com is a scam.

One of new features that CreditKarma added is tracking what changed in your credit report that caused your score to change. In my case, my score dipped a few points because my credit utilization (Balance/Credit Limit) increased. This is likely due to charging all of our moving expenses back in the late fall. Next month this number should be back on track.

CreditKarma also has great offers for financial services products. I took them up on 2 of them recently.

  • $25 free for making 2 Bank of America online bill payments. I do this every month anyway, so why not get $25 for free.
  • 1.45% online savings account from Capital One with a bonus of 10% interest each quarter. Pretty good deal!

I’ll be back at CreditKarma.com on April 1st to see if my score improved.

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