What is Karma Guarantee?
Karma Guarantee is sponsored and managed by Intuit Credit Karma. For personal loan offers with a Karma Guarantee badge, it means means that you may be eligible to receive a payout from Credit Karma if: (a) you aren’t approved by the applicable lender for the personal loan; or (b) you are approved for the personal loan, but not on the same or better terms than what was offered to you on Credit Karma. “Same or better terms” means that the loan you are approved for has: (c) the same or higher principal amount than what was offered; (d) the same or lower APR than what was offered; and (e) the same repayment term as what you were offered. * Check for offers now.
It is not a guarantee of approval for any personal loan offer. Only the lending partner can make the credit approval.
Which offers have the Karma Guarantee?
The Karma Guarantee is only available on some personal loan offers right now, so not all Credit Karma members will see offers with the Karma Guarantee. Look for the Karma Guarantee badge to spot applicable offers.
How do I know if I am eligible for a payment?
You will receive an email notification from us if you are eligible for a Karma Guarantee payment. Some exclusions do apply– for example, Credit Karma members aren’t eligible for the Karma Guarantee if they’ve been eligible for a Karma Guarantee payment within the past 90 days. You can review the terms below for a full list of exclusions.
How do I get my money?
If eligible, we will send you an email with steps to redeem the payment as a prepaid card or gift card. You must complete the steps to redeem the payment as a prepaid card or gift card within 90 days of when the email was sent.
I applied for an offer with a Karma Guarantee badge. How do I know if I am eligible for a payment?
You will receive an email notification from us if you are eligible for a Karma Guarantee payment.
I was declined or approved on worse terms for an offer with a Karma Guarantee badge and am eligible for payment. When and how will I receive the payment?
If eligible, we will send you an email with steps to redeem the payment as a prepaid card or gift card. You must complete the steps to redeem the payment as a prepaid card or gift card within 90 days of when the email was sent.