Chase Credit Journey is a free tool for monitoring your credit score. Monitoring your credit score is essential if you are concerned about identity theft or want to qualify for loans and other credit products. The first step to keeping tabs on your credit is knowing the current status of your credit score.
Once you know what your credit score is and what’s on your credit report, you can strategize increase and protect your identity, if that’s your aim.
Chase Credit Journey, a product launched by Chase Cards, can help you monitor and grow your credit score for free.
What Is Chase Credit Journey?
Chase Credit Journey is a free credit score monitoring service that gives customers their Vantage 3.0 credit score. Chase pulls the score from TransUnion, one of the three major credit bureaus. This score gets updated weekly.
Chase Cards, one of the major credit card companies, launched the Credit Journey back in 2017 to help people monitor their credit score and credit profile.
Anybody with a valid social security number can use the services to monitor their credit score. The service is not limited to just Chase’s customers.
What Will Chase Credit Journey Do For You?
Here are some things you can do with the Chase Credit Journey:
- Check your credit score. Checking your credit score is free, with no string attached. By the way, contrary to what so many people believe, checking your credit score does not affect it at all, and in most cases, it is unnecessary to pay to check your credit score.
- Receive alerts for changes in your credit report. These alerts are useful in helping to detect fraud and identity theft. If you or anyone else opens a credit card in your name, Chase Credit Journey will send you an alert.
- Weekly credit score update. Chase Credit Journey refreshes your credit score daily and updates your credit report weekly. This way, you’ll always have access to the latest information on your credit report.
- Credit score simulator. The free simulator tool runs hypothetical scenarios about how changes to your credit activities will impact your credit score. For example, how will acquiring new debts, defaulting on your debt, opening a new credit card, or closing your credit card impact your credit score? The credit simulator can show you the impact immediately. The credit score simulator is a helpful tool in devising a strategy to improve your credit rating.
How To Join Chase Credit Journey
Joining Chase Credit Journey is relatively easy. You will need to do is sign up on Chase’s website and provide the following information to confirm your identity:
- Full name
- social security number
- Home address
- E-mail address
- Telephone number
Once you provide the information, Chase Credit Journey will ask you a series of questions to confirm you are who you say you are. Once approved, Chase Credit Journey will pull the information from your credit report and begin monitoring your credit score.
Why You Should Join Credit Journey By Chase
If you do any online banking or online shopping, you risk your identity being stolen. One way to mitigate the impact of a stolen identity is to monitor your credit report constantly. Joining Credit Journey By Chase will give you access to the tool necessary to monitor your credit report.
Chase Credit Journey will alert you when someone opens a credit card or takes a loan in your name.
Identity theft is a real possibility and can be very devastating to the victims.
In September 2017, Equifax announced a massive data breach in which millions of customers’ identities were stolen. How those stolen identities are being used right now is anybody’s guess. The risk of identity theft is real, and it can affect anybody.
Chase Credit Journey is an excellent way to monitor your credit. The best thing about it is that it is free.
Is Chase Credit Journey Credit Score Accurate?
Credit Journey by Chase provides your Vantage 3.0 credit score from TransUnion, which differs from your FICO score.
If you compare your Vantage 3.0 score to your FICO score, there may be a difference of a few points. The difference doesn’t mean your Vantage 3.0 score is wrong or that your FICO score is wrong.
FICO and Vantage 3.0 have different metrics and ways of rating creditworthiness. The scores they produce, while different, are both accurate.
Services Like Chase Credit Journey
There are several companies out there that provide the same service as Chase Credit Journey. Some of the more prominent ones are:
Capital One Bank also has a credit monitoring service called CreditWise, however, you need to have a Capital One credit card to use the service.
Who Can See Your Chase Credit Journey Score?
Only you can see your credit score on Chase Credit Journey. Usually, you will have to give permission for someone to access your credit score. For example, a landlord, a car dealer or a bank will ask your permission before they pull your credit score. Anyone pulling your credit score without your permission might be breaking the law.
Related:
- Credit Karma Review: Is Credit Karma Safe? Everything You Need To Know
- This Guy Increased His Credit Score By 84 Points In One Month Here’s How He Did It
Conclusion
Chase Credit Journey provides free credit score and free credit monitoring for anyone willing to sign up. You don’t have to be a Chase Card customer to get a Chase Credit Journey account.
Having a Chase Credit Journey account can help you monitor your credit profile to prevent or mitigate the impact of identity theft. Identity is a real possibility if you’re doing online banking or online shopping.
My final determination is that if you don’t already have credit monitoring, get the Chase Credit Journey and take advantage of the free services and benefits it offers.
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