No credit card required
Browse credit cards from a variety of issuers to see if there's a better card for you.
TOTAL RETURNS Reporter By AnnaMaria Andriotis 2:38 pm ET Oct 17, 2014
CITI BANK
Millions of Consumers to Gain Access to Credit Scores. Citigroup, the fourth-largest credit-card lender by purchase volume in the U.S., is partnering with Fair Isaac Co., the provider of the credit score most widely used by lenders, to provide its customers with their FICO score beginning in January. Consumers with Citi-branded credit cards will be able to see the FICO score that Citi has for them—and that it uses to make lending decisions—on their online accounts.
Citi is the largest credit-card issuer so far to join a program that Fair Isaac, often called FICO, launched last year. Participating lenders agree to provide the exact FICO score they have on their customers. Prior to this program, consumers weren’t able to view those scores, unless they were denied for a mortgage.
Thanks for posting this, I had not seen it yet. I wonder if "citi-sourced" cards like Home Depot or Exxon/Mobile will be included.
So this seems to be the norm now a days and everyone will likely join the wagon. I doubt anyone wants to be that company thats doesnt provide their customers a score. That said, I now have to wonder how this might change the face of credit score monitoring. Will people be less likely to subscribe to a monitoring service? The ever so elusive credit score becomes more and more exposed. I love it.
Yes, thanks for posting.
Do we know what CRA it's going to pull? Another TU 08 or maybe something useful like EQ 08 since that's what Citi likes to pull for applications.
@Anonymous wrote:TOTAL RETURNS Reporter By AnnaMaria Andriotis 2:38 pm ET Oct 17, 2014
CITI BANK
Millions of Consumers to Gain Access to Credit Scores. Citigroup, the fourth-largest credit-card lender by purchase volume in the U.S., is partnering with Fair Isaac Co., the provider of the credit score most widely used by lenders, to provide its customers with their FICO score beginning in January. Consumers with Citi-branded credit cards will be able to see the FICO score that Citi has for them—and that it uses to make lending decisions—on their online accounts.
Citi is the largest credit-card issuer so far to join a program that Fair Isaac, often called FICO, launched last year. Participating lenders agree to provide the exact FICO score they have on their customers. Prior to this program, consumers weren’t able to view those scores, unless they were denied for a mortgage.
Thank you for letting us know here , Too bad CITI has Declined me 4 times already and each time i called to Recon had NO luck...
''Beginning in January Citi, in partnership with FICO, will be making free credit scores available online to consumers with Citi branded credit cards —this score will be updated monthly and is the same score Citi Cards uses in lending decisions.'' - October 17, 2014
Millions of consumers are about to gain access to their credit scores.
''Citigroup, the fourth-largest credit-card lender by purchase volume in the U.S., is partnering with Fair Isaac Co., the provider of the credit score most widely used by lenders, to provide its customers with their FICO score beginning in January.''
http://blogs.wsj.com/totalreturn/2014/10/17/millions-of-consumers-to-gain-access-to-credit-scores/
@Anonymous wrote:i thought i read somewhere that Citi going to offer free credit scores too. ''Beginning in January Citi, in partnership with FICO, will be making free credit scores available online to consumers with Citi branded credit cards —this score will be updated monthly and is the same score Citi Cards uses in lending decisions.'' - October 17, 2014
- This announcement builds on work done by institutions like Discover, Barclaycard, Pentagon Federal Credit Union, and First National Bank of Omaha who, since implementing similar systems, have provided over 70 million Americans with access to their scores to track their credit health.
Wonder which score! Penfed offers FICO NextGen, which is pretty useless except it is the one they use internally.
@longtimelurker wrote:
@Anonymous wrote:i thought i read somewhere that Citi going to offer free credit scores too. ''Beginning in January Citi, in partnership with FICO, will be making free credit scores available online to consumers with Citi branded credit cards —this score will be updated monthly and is the same score Citi Cards uses in lending decisions.'' - October 17, 2014
- This announcement builds on work done by institutions like Discover, Barclaycard, Pentagon Federal Credit Union, and First National Bank of Omaha who, since implementing similar systems, have provided over 70 million Americans with access to their scores to track their credit health.
Wonder which score! Penfed offers FICO NextGen, which is pretty useless except it is the one they use internally.
i believe its the current Experian FICO uses.
Woohoo!