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Software · head to head

Credit Karma vs Skrill

Credit Karma logo

Credit Karma

Software

Free credit scores, reports, and more

From
Free
Rated
-
Full reviewWebsite
Skrill logo

Skrill

Software

Fast and secure money transfer

From
Free
Rated
-
Full reviewWebsite

The short version

  • Each has a real cost: Credit Karma state tax filing costs 15 USD even though federal filing is 0 USD; Skrill a currency conversion fee of 4.49 percent applies to most conversions
  • They diverge on capability: Credit Karma covers Free credit score, Skrill covers Money transfers.

Where they differ

Only the attributes on which Credit Karma and Skrill actually diverge.

Attributes where Credit Karma and Skrill differ
AttributeCredit KarmaSkrill
Pricing modelfreemiumtransaction
Founded20072001

Identical on both: starting price (Free), free tier (Yes), platforms (Web, IOS, Android), user rating (Not yet rated), category (Unknown).

What each one covers

Drawn from each product's published feature list. An absence here means we hold no record of it - not that the product lacks it.

Only in Credit Karma

  • Free credit score
  • Credit report monitoring
  • Credit card recommendations
  • Tax filing
  • Credit bureaus
  • Financial institutions

Only in Skrill

  • Money transfers
  • Digital wallet
  • Currency conversion
  • Prepaid card
  • Bank accounts
  • Credit cards

Both cover

  • Web support
  • IOS support
  • Android support

What people use each for

The jobs each tool is most often brought in to do.

Credit Karma

  • Monitoring a credit score and the factors affecting it for freenot Skrill
  • Comparing credit card and loan offers with Approval Oddsnot Skrill
  • Filing federal tax returns at no chargenot Skrill

Skrill

  • Sending money internationally from a prepaid digital walletnot Credit Karma
  • Funding and withdrawing from online merchants and gaming sitesnot Credit Karma
  • Buying and selling cryptocurrency inside a wallet accountnot Credit Karma

Where each one falls short

Documented limitations, not opinions. Every one is a constraint you would hit in normal use.

Credit Karma

  • State tax filing costs 15 USD even though federal filing is 0 USD
  • Credit Spark builds score history against TransUnion, and the site states that not all lenders use TransUnion credit reports or scores
  • Card and loan listings are advertising placements, disclosed on the site as compensation from third party advertisers
  • Send and score update frequency limits are not published on the site

Skrill

  • A currency conversion fee of 4.49 percent applies to most conversions
  • An inactivity fee of EUR 5.00 is deducted monthly after six months with no login or transaction
  • Card deposits carry a 2.50 percent fee
  • SWIFT bank withdrawals cost 2.80 percent with a minimum fee of EUR 3.5
  • Skrill to Skrill transfers cost 2.99 percent with a EUR 0.50 minimum on standard accounts, reduced to 1.45 percent only for True Skriller accounts
  • Crypto trading fees are tiered by VIP status, from 1.50 percent standard down to 1.30 percent at Gold and Diamond VIP

Pricing, plan by plan

Credit Karma

Free
  • FreeFree
    • Credit score monitoring
    • Credit reports
    • Personalized recommendations

Skrill

Free
  • Free AccountFree
    • Money transfers
    • Digital wallet
  • Premier Account$undefined/month
    • Higher limits
    • Special rates

Which should you pick?

Choose Credit Karma if

  • You need free credit score.
  • You want to start without paying.
  • You work on Web, IOS, Android.
  • You also want credit report monitoring.
Credit Karma review

Choose Skrill if

  • You need money transfers.
  • You want to start without paying.
  • You work on Web, IOS, Android.
  • You also want digital wallet.
Skrill review

Questions people ask

Is Credit Karma or Skrill better?
Neither clearly leads. Credit Karma starts at Free and Skrill at Free, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.
Which is cheaper, Credit Karma or Skrill?
Credit Karma starts at Free and Skrill at Free.
Does Credit Karma or Skrill run on more platforms?
Both run on Web, IOS, Android, so platform support will not decide this one for you.
Can I use Credit Karma for free?
Both have a free tier, so you can try either at no cost before committing.
What is Credit Karma best used for?
Credit Karma is most often used for monitoring a credit score and the factors affecting it for free, comparing credit card and loan offers with approval odds, filing federal tax returns at no charge. Of those, monitoring a credit score and the factors affecting it for free and comparing credit card and loan offers with approval odds are not what Skrill is typically brought in for.
What can Credit Karma do that Skrill cannot?
Credit Karma covers Free credit score, Credit report monitoring, Credit card recommendations, Tax filing. Skrill covers Money transfers, Digital wallet, Currency conversion, Prepaid card. Both handle Web support, IOS support, Android support.
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