Capital One’s New Credit Tool is Free to All Consumers

Capital One’s New Credit Tool is Free to All Consumers

March 8, 2016         Written By Bill Hardekopf

Giving consumers their credit scores for free is a significant trend in the credit card industry. Today, Capital One took this trend to a different level by giving all consumers, not just their cardholders, the opportunity to see their credit score for free.

Capital One introduced CreditWise, a mobile app and online tool that enables consumers to see their credit score as well as their credit profile. The tool shows consumers what makes up their credit score and how they can improve it. It will show balances, total monthly payment amounts, total accounts opened and number of inquiries. CreditWise will also have a credit score simulator which shows consumers how their credit score can be affected by everyday financial decisions before they are made.

CreditWise uses the VantageScore 3.0 from TransUnion, which is updated every week. It is available to everyone over 18 years old who has a valid social security number that can be matched to a TransUnion credit profile.

CreditWise is available online or can be downloaded from the Apple App Store beginning today. It is expected to be available to Android users soon.

CreditWise replaces the Credit Tracker tool that Capital One launched in 2014.

The information contained within this article was accurate as of March 8, 2016. For up-to-date
information on any of the terms, cards or offers mentioned above, visit the issuer's website.


About Bill Hardekopf

Bill Hardekopf is the CEO of and covers the credit card industry from all perspectives. Bill has been involved with personal finance for over 15 years. He is a frequent contributor to Forbes, The Street and The Christian Science Monitor.
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