AMEX Platinum: CreditSecure monitoring

[Anonymous]

I have the American Express Platinum card and just discovered they offer CreditSecure monitoring for $1.99 for the first month, and $11.99 per month thereafter.  It says instant access to three-bureau credit reports and scores twice every 30 days, and daily credit monitoring and alerts of key changes to my credit.  Cancel at anytime.

1. Is that a good price?
2. Does anyone have experience using CreditSecure via AMEX Platinum?
3. Does checking my own credit show a “hit” or inquiry on my credit report?

[UpNUp]

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@Anonymous wrote:

I have the American Express Platinum card and just discovered they offer CreditSecure monitoring for $1.99 for the first month, and $11.99 per month thereafter.  It says instant access to three-bureau credit reports and scores twice every 30 days, and daily credit monitoring and alerts of key changes to my credit.  Cancel at anytime.

1. Is that a good price? I think so. It's cheaper than MyFico. Good credit monitor, IMO.
2. Does anyone have experience using CreditSecure via AMEX Platinum? Yes. I have the Green Card. Just remember these are PLUS Credit Scores. Not true Fico scores.
3. Does checking my own credit show a “hit” or inquiry on my credit report? No

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[Anonymous]

Thanks for the quick reply!  So theres a difference between PLUS credit scores and FICO?   I’m a new member, and just learning the ropes here, so sorry if that’s a elementary question :-)

If there is a difference in PLUS and FICO, then whats more reputable and used by most banks and mortgage lenders?   

[score_building]

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@Anonymous wrote:

Thanks for the quick reply!  So theres a difference between PLUS credit scores and FICO?   I’m a new member, and just learning the ropes here, so sorry if that’s a elementary question :-)

If there is a difference in PLUS and FICO, then whats more reputable and used by most banks and mortgage lenders?   

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The Plus scores are called FAKOS because they are not generally used by lenders.  Checking your own credit is a soft hit so doesn't impact score and is not viewable by lenders.

[fused]

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@Anonymous wrote:

I have the American Express Platinum card and just discovered they offer CreditSecure monitoring for $1.99 for the first month, and $11.99 per month thereafter.  It says instant access to three-bureau credit reports and scores twice every 30 days, and daily credit monitoring and alerts of key changes to my credit.  Cancel at anytime.

1. Is that a good price?
2. Does anyone have experience using CreditSecure via AMEX Platinum?
3. Does checking my own credit show a “hit” or inquiry on my credit report?

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Is Amex CS offering you an upgrade for $21.99 so you can pull all three of your reports daily?

[LEXiiON]

Fused,

I made a mistake. I wrote daily to IIecs. It is actual unlimited:

Quote:

Upgrade to Unlimited Report Updates

Have an interest in updating your report and information more frequently? You have the option to get unlimited credit reports from all 3 bureaus for an extra $10 each month. Your total monthly membership fee would become $21.99 ($11.99 + $10) for CreditSecure with unlimited reports.

Now have they ever though about that you possibly can make your CR really large by doing multiple Pulls a day?

But then, why would you want multiple reports daily?

LEXiiON

[fused]

Some of us like to be able to pull daily for various reasons: credit fixing mode, to prevent ID theft, just curious, just obsessive-compulsive. I'm a long time subscriber of CS, so I was curious to see if new subscribers have the same options as old-timers do.

[LEXiiON]

Hi Fused,

I am a new subscriber. I signed up 06/22. And I got the upgrade offer. Yes and I am aware that some like to pull daily, but they say unlimited (what do you think happens to your file at the CRA if you pull hourly for a year ?)

Good to know that they still offer it...

LEXiiON

[fused]

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@LEXiiON wrote:

Hi Fused,

I am a new subscriber. I signed up 06/22. And I got the upgrade offer. Yes and I am aware that some like to pull daily, but they say unlimited (what do you think happens to your file at the CRA if you pull hourly for a year ?)

Good to know that they still offer it...

LEXiiON

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Actually, its only one pull of all three reports per day. I guess that is what CS means when they say unlimited pulls. Fewer and fewer credit monitoring services are allowing daily pulls of all three reports. 

[haulingthescoreup]

I wound up canceling CreditSecure, after I realized that even with daily pulls, they only actually update once a week or so on my reports, even the Experian one. I knew this after checking the full reports from the individual CRA's, and then pulling a CS report and seeing old balances. It happened enough times that it just didn't seem worth it.

I honestly don't think that there are any 3-report monitoring services that do daily pulls any more.