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Comment by slg | Hacker News Reader

As a Credit Karma user, this sounds like bad news. I was happy with the service I was getting at the price I was getting (free but with the knowledge they were probably selling my info to their partners). But I'm now worried what exactly they are going to have to do to justify $3.5 billion. Can you really earn that kind of valuation peddling new credit cards and refinanced loans?

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> Can you really earn that kind of valuation peddling new credit cards and refinanced loans?

I'd imagine yes. Those sorts of offers are immensely lucrative.

>Can you really earn that kind of valuation peddling new credit cards and refinanced loans?

I think so. That's a huge market.

Honestly, I think it is a win-win. I don't have any loans but if I were to have a big loan like a mortgage I would welcome offers from leaders who could save me a significant amount of money. Many people I know have refinanced their mortgages at some point in the life of the loan.

I'm concerned too. I jumped ship from Mint when Intuit bought them out. CK might do it right but...there is a very lucrative market for refinancing, I'm very concerned they will make a poor choice for it's users.

Did you leave Mint because of specific changes that Intuit did, or was it proactive based on what you expected Intuit to do? I use Mint and haven't noticed any changes after the Intuit purchase.

Agreed - that was actually the problem, as they left Mint frozen in time as it was when it was created (2008? 2010?). They've made some recent updates but constant improvements would be welcomed.

I had the same thought as soon as I read the HN title. Even NerdWallet is supposedly valued around $1B. I guess we need to get used to the new normal of billions of dollar of valuations.

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