quote:
You’ve worked hard to strengthen your credit score. Keep up the good work with Credit Tracker—a free tool just for customers.

• CHECK YOUR MONTHLY CREDIT SCORE FOR FREE as often as you like without ever hurting your credit score.
• SIMULATE AND SEE how everyday decisions can impact your score.
• PROTECT YOUR CREDIT with automatic alerts that can help you detect fraud.
Sign in to your Capital One account today to get started.

Are there any catches to this?

This post was edited on 6/16/14 at 3:57 pm

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Posted by LSUFanHouston

NOLA

Member since Jul 2009

36924 posts

Posted on 6/16/14 at 4:04 pm to Lil Man

My wife and I both have cards from Capital One and we got this. We turned it on. Does not appear to be any catches. Not sure how legit the score is. The score updates automatically once a month. I tried using some of the simulations but I don't think they were working right. (I simulated what would happen with 12 additional months of on time payment and my score went down 10 points).

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Posted by BR Tiger

Baton Rouge

Member since Mar 2004

4157 posts

Posted on 6/16/14 at 6:40 pm to Lil Man

It looks to me to use the same algorithm as Credit Karma-I get the same score on both, but the score simulator doesn't seem to be exactly the same.

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Posted by JonTheTigerFan

Central, LA

Member since Nov 2003

6783 posts

Posted on 6/16/14 at 8:42 pm to Lil Man

I have it on my Capital One card and there's no catches. Just don't expect the score they give you to be anywhere near your true FICO score. They use a different scoring model than the FICO scores. You can get a free monthly FICO score with the Discover IT or Barclay card.

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Posted by Lil Man

Baton Rouge

Member since Jan 2007

1488 posts

Posted on 6/17/14 at 10:12 am to JonTheTigerFan

If nothing else it seems like an easy way to make sure there aren't any line of credits opened under my identity.