Discover Launches New Credit Score Tracking Service
By Curtis Arnold, Founder of CardRatings.com
Discover Card is now offering comprehensive credit score tracking to its cardholders. Discover’s Credit ScoreTracker, which costs $7.99 a month, sends out alerts when a member’s score changes. It also provides resources to help members understand their scores and to reach target scores that they set themselves.
If you’re a regular reader of the CardRatings.com Forum, you’re already aware of how important it is to know your credit score, and to keep an eye on it - as well as on your credit reports - to both protect your identity and to make sure there are no errors cropping up. ScoreTracker gives you 24/7 access to your Experian credit report.
Discover has created some nifty tools for its ScoreTracker. For example, you can look at a graph that shows your credit score over time - as well as in relation to the goals you’ve set for yourself. You can take a short-term view, such as three or six months, or open up the picture of your credit score to one or two years, so you can see the highs and lows over time.
There’s also something called the Credit Score Illustrator, which shows the importance of various factors in determining a credit score, for example, payment history, closing accounts, credit inquiries, and so on. Interestingly, you can also use this tool as a simulator, to see what might happen to your score if, for example, you pay off more of what you owe or open a new account. I can see how this tool might motivate some folks to improve their credit.
Other resources that Discover makes available via its Credit ScoreTracker include an interactive survey and quiz, which were designed to lead to better financial decision-making, along with articles written to help cardholders better understand their credit. Perhaps the best benefit of this product is that if you need help understanding your credit score, you can always call a Member Services Representative toll free!
If you have a Discover card, you can enroll online or you can call Discover at 888-201-1440. If you do enroll, please let us know your thoughts about this new service!
This article was originally published on CreditBloggers.com by Curtis Arnold, a nationally recognized consumer educator and advocate. Curtis has been educating consumers about credit cards since 1998. He is regularly interviewed and quoted by respected members of the national press regarding consumer credit issues. Curtis is currently working on publishing a book about credit card usage with Pearson/Prentice Hall- more details forthcoming!
CardRatings.com is the most comprehensive source for comparing credit card offers. CardRatings.com is pleased to offer consumers free credit card ratings.
Please Note! You are welcome to republish this article as long as you state that CardRatings.com is the source for the article. You must also include a link to our website if you republish the article online. Click here for more details about using our articles and thank you for your interest!
Discover Card is now offering comprehensive credit score tracking to its cardholders. Discover’s Credit ScoreTracker, which costs $7.99 a month, sends out alerts when a member’s score changes. It also provides resources to help members understand their scores and to reach target scores that they set themselves.
If you’re a regular reader of the CardRatings.com Forum, you’re already aware of how important it is to know your credit score, and to keep an eye on it - as well as on your credit reports - to both protect your identity and to make sure there are no errors cropping up. ScoreTracker gives you 24/7 access to your Experian credit report.
Discover has created some nifty tools for its ScoreTracker. For example, you can look at a graph that shows your credit score over time - as well as in relation to the goals you’ve set for yourself. You can take a short-term view, such as three or six months, or open up the picture of your credit score to one or two years, so you can see the highs and lows over time.
There’s also something called the Credit Score Illustrator, which shows the importance of various factors in determining a credit score, for example, payment history, closing accounts, credit inquiries, and so on. Interestingly, you can also use this tool as a simulator, to see what might happen to your score if, for example, you pay off more of what you owe or open a new account. I can see how this tool might motivate some folks to improve their credit.
Other resources that Discover makes available via its Credit ScoreTracker include an interactive survey and quiz, which were designed to lead to better financial decision-making, along with articles written to help cardholders better understand their credit. Perhaps the best benefit of this product is that if you need help understanding your credit score, you can always call a Member Services Representative toll free!
If you have a Discover card, you can enroll online or you can call Discover at 888-201-1440. If you do enroll, please let us know your thoughts about this new service!
This article was originally published on CreditBloggers.com by Curtis Arnold, a nationally recognized consumer educator and advocate. Curtis has been educating consumers about credit cards since 1998. He is regularly interviewed and quoted by respected members of the national press regarding consumer credit issues. Curtis is currently working on publishing a book about credit card usage with Pearson/Prentice Hall- more details forthcoming!CardRatings.com is the most comprehensive source for comparing credit card offers. CardRatings.com is pleased to offer consumers free credit card ratings.
Please Note! You are welcome to republish this article as long as you state that CardRatings.com is the source for the article. You must also include a link to our website if you republish the article online. Click here for more details about using our articles and thank you for your interest!
Labels: credit, credit score, Discover Card, score tracker
posted by CardRatings.com at 12:14 PM
