June 27th, 2011
The Credit Card Companies Aren’t Going to Like This…
Ever wondered how credit card companies decide who to approve? Well, Credit Karma has been busy crunching billions of data points and we’ve come up with a way to help you avoid being declined for a credit card.
We’re introducing Approval Odds to our credit card section, a new, free feature that will help guide you even more in your credit card decisions.
Credit Karma’s Approval Odds are:
- Tailored. We use key factors from your credit profile and some mind-numbing math to calculate your approval odds for over 30 of our top credit cards.
- Up Front. The Approval odds badge appears right next to Credit Karma’s credit card offers to help you understand how likely you are to be approved for that offer.
- Credit Smart. Too many inquiries on your credit report can impact your credit health. Following the badges to the best offer is a good way to keep inquiries down by avoiding declined applications.
We’re pretty excited about this cool feature because it will help you figure out which credit card is best for you and help you avoid applying for cards that aren’t suited to your credit life.
Approval Odds will kick in and update when you update your credit score at Credit Karma. Keep up with your credit score health and we’ll keep you up to date with your latest Approval Odds.
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