Credit Karma Money, a new checking and savings account from the company best known for its credit monitoring service, recently launched a significant new feature. Called Instant Karma, the program rewards users by randomly refunding purchases or adding money to cash deposits. So far, since launching the feature, Credit Karma says it has rewarded 100,000 transactions, worth $5 million.
I spoke to Poulomi Damany, General Manager at Credit Karma, who said the idea behind Credit Karma Money is to “change people’s relationship with money.” Credit Karma Instant Karma is an extension of that goal.
The process works differently from other cash …
