January 17th, 2014

Credit Karma Tips & Resolutions 2014 — Part 5

12 Comments | Twitter | |

To celebrate the new year, we asked the Credit Karma team to share any resolutions they were making or tips they had to get one’s finances into shape in 2014. We got a lot of great responses and decided to share them in a week-long series on Facebook. Now we’re sharing them with you, along with our thoughts!

Credit Karma Tips & Resolutions 2014 — Part 5 | Credit Karma Blog

 

Stan actually requested to expand on his tip, so here’s more information in his own words. And be sure to check out some of our other blog posts on this subject!

Most people know about Rental Car Insurance that you can get with credit cards. However, I encourage you to carefully read the promotional literature to learn about the other useful fringe benefits, some of which come with products offered by our advertising partners:

  • Purchase, Return, and Event Ticket Protection, plus Travel Accident and Baggage Insurance are included with most American Express charge cards. (American Express is a Credit Karma advertising partner.)
  • Purchase Protection, Return Guarantee and Flight Accident and Baggage Delay Insurance are some of the useful Discover Card perks.
  • Price Protection, Accident and Trip Cancellation Insurance and Lost Luggage Reimbursement come with any World MasterCard.
  • Purchase Security, Lost Luggage Reimbursement and Travel Accident Insurance are offered with any Visa Signature card.

Many individual banks add additional benefits, like Citi Price Rewind and Cell Phone Protection on selected cards. Discover and Capital One don’t charge foreign transaction fees on any of their cards, which can save you up to 3% whenever you travel abroad.

It is really worthwhile to spend some time to learn about all of these extra features!

Editorial Note: The editorial content on this site is not provided by the bank or issuer. Opinions expressed here are author’s alone, not those of the bank or issuer, and have not been reviewed, approved or otherwise endorsed by the bank or issuer. Credit Karma may be compensated by companies mentioned through advertising, affiliate programs or otherwise. It is this compensation that enables Credit Karma to provide its members with services like free access to your credit scores and free monitoring of credit and financial accounts at no charge.

 
Disclaimer: All information posted to this site was accurate at the time of its initial publication. Efforts have been made to keep the content up to date and accurate. However, Credit Karma does not make any guarantees about the accuracy or completeness of the information provided. For complete details of any products mentioned, visit bank or issuer website.

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12 Comments

  1. I use 4 credit cards and have never known that they provide Lost Luggage Reimbursement. though I haven’t really lost any luggage yet, this information helped me a lot. I’ll lookinto the World Mastercard Terms and Conditions more closely to check this out. Thanks Stan.

    Fionna Merciollis at 5:25 am on January 30, 2014
  2. It would be nice if this site like others allowed us to dispute wrong postings to our credit history. That way we can have things removed that really should not be on our credit history and our score would be correct. Thank you and hope this matter can be addressed,

    scott at 3:52 am on March 7, 2014
  3. Mike

    Hi Scott – All of the credit report information on Credit Karma comes directly from TransUnion. You can find information on the TransUnion dispute process here: http://www.creditkarma.com/article/dispute-credit-report-errors

    Mike at 10:25 am on March 7, 2014
  4. CreditKarma is reporting a balance on 1 of my cards of $0 which is correct,it’s paid, however, your website shows TransUnion with a large balance. Which is not correct. I have been trying for 2 months to get this fixed so you report this correctly.

    Joanne at 5:16 pm on April 8, 2014
  5. Mike

    Thanks for the comment Joanne. All of the credit report information on Credit Karma comes straight from TransUnion, one of the three major credit bureaus. You can find more information on the dispute process here: http://www.creditkarma.com/article/dispute-credit-report-errors

    Mike at 12:19 pm on April 9, 2014
  6. There are 3 hard inquiries from T-Mobile operators on my account and unfortunately this again reflected on the credit points. Can you please help me whom i need to contact to remove these points on my credit report please. Thanks Rao.

    Mohan Rao at 6:37 pm on April 27, 2014
  7. You are still reporting I owe a balance on one credit card, when Trans Union shows it paid. How can I get you to fix this?

    joanne at 12:48 pm on April 28, 2014
  8. Mike

    Hi Rao – All of the credit information on Credit Karma comes directly from TransUnion. If you think some of the information displayed on your CK profile is incorrect, I’d suggest checking out the following article to learn more about the dispute process: https://www.creditkarma.com/article/dispute-credit-report-errors

    Thanks!

    Mike at 1:23 pm on April 28, 2014
  9. Mike

    Hi Joanne – We’d be happy to look into this problem for you. Please email our support team directly at support@creditkarma.com and we’ll get back to you as soon as possible. Thanks!

    Mike at 1:25 pm on April 28, 2014
  10. I work for Lexington Law, and people call us looking for credit repair – referred from Credit Karma. They always have great things to say about Credit Karma and they really like the fact that there is no credit card required. Keep it the good work Credit Karma!

    Beth Naccos at 2:45 pm on April 30, 2014
  11. Sorry if this is off-topic
    I logged in and found my CC grade was a C – but for a counter-intuitive reason.
    I have over 100K of total CC available credit but use less than 1% of that (I carry no CC debt month to month)

    Q: Should I close the CC (no fee) accounts I never use to improve grade? Will this result in my credit agency score going up if my CC use:Available credit ratio rises about 1-2%?

    Also, I tried to add my WF checking/savings account but its still “updating” after 30 minutes (do our checking and savings balances help factor into the credit agency’s calculations of our credit scores? – what about 401K balances?)

    thanks!

    todd at 11:27 pm on May 8, 2014
  12. Mike

    Hi Todd – Great questions. Starting from the bottom: If you’re having trouble linking an account, please feel free to email our support team at support@creditkarma.com. From there, we can look at the specific error message we’re receiving and troubleshoot. Checking/Savings accounts and 401k balances are not included on your credit report and will not affect your credit score. In fact, any accounts you connect through our linking feature will not affect your credit score, which comes directly from TransUnion, at all.

    Regarding your CCU grade, I unfortunately cannot offer any specific advice. A CCU below 30% is generally thought optimal. You can read more about how CCU correlates with score and how to keep your CCU at a good level here: https://www.creditkarma.com/article/CreditCardUtilizationAndScore and here: https://www.creditkarma.com/article/when-should-i-pay-my-credit-cards

    Thanks!

    Mike at 3:39 pm on May 9, 2014

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