Tag Archives: credit report

Tools of The Trade: Free FICO score provided by your Credit Card Banks

FICOThe FICO Score is calculated and maintained based on data provided by 3 Credit Bureaus: Equifax, TransUnion, and Experian. Several Credit Card Banks will help you monitor your FICO score and provide you with the guidance on how to improve it. myFICO.com wants to charge you $29.95 a month to have access to your 3-bureau credit report and FICO® Scores, but you can get it for free if you use a combination of free FICO score reports provided by your Credit Card bank(s) and government sanctioned credit report site annualcreditreport.com.

A FICO® is a three-digit number that summarizes your credit risk based on your credit file at one of the  three major consumer bureaus at a particular point in time. FICO® Scores are used in 90% of lending decisions. FICO® Scores help lenders evaluate credit risk and can influence the credit that’s available and the terms, such as interest rate, that lenders offer.

Bank Of America

Bank of America FICO® Score 8 based on TransUnion data and updated monthly. Your 1 year history is available at your online account under: Tools & Investing/Spending & Cash Flow/View your FICO Score.

It also provides educational information about credit, FICO score and importance of maintaining your good credit standing: Learn about credit scores (online account is required).

American Express

American Express FICO Score 8 based on Experian data and updated  what looks like quarterly. You can view your current and previous score on your online account. After you log in under Home/Useful Links/View FICO Score.

Barclay Bank

Barclay Bank FICO Score is based on TransUnion data and updated every second month with one year history available. The score and its history can be found under Services/Your FICO Score.

Barclay provides more  information from FICO about FICO® Scores and credit in general on YouTube:


Understanding your Credit Report
What goes into FICO® Scores?
What is a FICO® Score?


Discover Card holders can see free  FICO® Credit Score based on there TransUnion credit report using the FICO® Score 8 along with 12 months history. It is available under Account/Features & Benefits/FICO Credit Score for free.

On May 20, 2016 Discover lunched Credit Scorecard that gives real FICO Score 8 report based on Experian report for everyone for free and you do not need a Discover card.

Citi Bank

Citi Bank credit card holders can see FICO® Score based on information from Equifax credit report as of the date it was calculated. Check back each month to stay on top of changes.

Capital One Bank

CreditWise from Capital One, formerly Credit Tracker, lets you see your credit score for free. If you are existing Capital One Bank customer you can login using your Capital One credentials.

The Credit Score is updated weekly. It tells you key factors that impact your credit and has a Credit Simulator that shows how your decisions could affect your score. CreditWise score is based on your credit information from TransUnion, but  calculated using the VantageScore 3.0 model. It includes 12 months history starting from the day you established CreditWise account.


Credit monitoring sites like CreditKarma and Credit Sesame use FAKO (not FICO!) scores. Those are not real FICO scores but estimates of FICO scores using reverse engineered logic of FICO.


Different credit cards offer free FICO scores from the 3 credit bureaus (Equifax, TransUnion, and Experian) for its customers and some provide it for free to everyone.

All banks, along with free FICO Scores, provide explanation of  the factors affecting your FICO® Score as well as information about understanding your FICO score and frequently asked questions from FICO.

You can keep tabs on all 3 of your reports with annualcreditreport.com, the only government sanctioned credit report site. If there are mistakes there be sure to dispute them! If there are hard pulls that shouldn’t be there, if there are duplicate hard pulls, or if there are pulls older than 24 months old you should dispute those as well. Unfortunately that site only shows your report, it does not give you a credit score. For more information about free annual credit report see the https://milestopixels.wordpress.com/2015/12/10/free-annual-credit-report/ article.


Free annual credit report

The Fair Credit Reporting Act (FCRA) requires each of the nationwide credit reporting companies — Equifax, Experian, and TransUnion — to provide you with a free copy of your credit report, at your request, once every 12 months. The FCRA promotes the accuracy and privacy of information in the files of the nation’s credit reporting companies. The Federal Trade Commission (FTC), the nation’s consumer protection agency, enforces the FCRA with respect to credit reporting companies.

You can space those 3 reports throughout the year to have your own free “credit monitoring program”.

There are 3 ways to request your free annual credit report from each agency:

  1. On the web: annualcreditreport.com
  2. Over the Phone: 1-877-322-8228
  3. By Mail: complete the Annual Credit Report Request Form and mail it to:
    Annual Credit Report Request Service
    P.O. Box 105281
    Atlanta, GA 30348-5281

Do not contact credit reporting agencies directly. They will provide free report only by one of the ways mentioned above.

A Warning about “Imposter” Websites:

Only one website is authorized to fill orders for the free annual credit report you are entitled to under law — annualcreditreport.com. Other websites that claim to offer “free credit reports,” “free credit scores,” or “free credit monitoring” are not part of the legally mandated free annual credit report program.

For more information about Free Annual Credit Report program see FTC site: http://www.consumer.ftc.gov/articles/0155-free-credit-reports


In case you need to contact Credit Reporting agencies directly to “freeze” your credit or file a dispute, here is the contact information: