PenFed uses this FICO score

[creditfan]

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@Ubuntu wrote:

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@BootStraps wrote:

Do you have a credit card or just a checking/savings account?

I'm asking because I currently don't have a card with them and don't have that offer.

(figured that this info would be generally useful for the board.)

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I just have a savings account with them and I'm not getting the FICO offer so it must just be for members that have CCs or loan products.

Boo PenFed! Boo!

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I have only saving and money market saving and still got the free score

[Anonymous]

Dumb question: Where on the website are people finding this score?

[creditfan]

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@Anonymous wrote:
Dumb question: Where on the website are people finding this score?

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look at screen shot on the first page

[Kenny]

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@Anonymous wrote:
Dumb question: Where on the website are people finding this score?

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Main page of your accounts after you've logged in in the top center.. looks just like the first image in the thread.

[Anonymous]

I see. Images don't show up on the mobile version of the forum apparently. 

I don't have the fico offer. I have a savings and a credit card which i have not activated yet. It may need to be activated. Or it may be an account history thing. I've only had the account open for like 3 days. 

[-Wade-]

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@Anonymous wrote:

I see. Images don't show up on the mobile version of the forum apparently. 

I don't have the fico offer. I have a savings and a credit card which i have not activated yet. It may need to be activated. Or it may be an account history thing. I've only had the account open for like 3 days. 

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PenFed only sp a report every 3 months so I am sure they will only update our score 4 times a year! I got my score today from the sp pull that was on May 27th

[Ubuntu]

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@creditfan wrote:

---

@Ubuntu wrote:

---

@BootStraps wrote:

Do you have a credit card or just a checking/savings account?

I'm asking because I currently don't have a card with them and don't have that offer.

(figured that this info would be generally useful for the board.)

---

I just have a savings account with them and I'm not getting the FICO offer so it must just be for members that have CCs or loan products.

Boo PenFed! Boo!

---

I have only saving and money market saving and still got the free score

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I just came within a mouse click of getting a money market savings account to see if I would get the free FICO. Then some unhappy portion of my brain felt like I was paying $25 for a score that few other lenders use. Another portion of my brain then felt that the $25 would just sit there like the $5 I used to open my PenFed savings account so it wouldn't actually cost me anything.

The whole of me then decided to sleep on it. Oh FICO... what have you done to me?

P.S. I'm not schizophrenic or anything these were just stream of consciousness type thoughts

[-Wade-]

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@Ubuntu wrote:

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@creditfan wrote:

---

@Ubuntu wrote:

---

@BootStraps wrote:

Do you have a credit card or just a checking/savings account?

I'm asking because I currently don't have a card with them and don't have that offer.

(figured that this info would be generally useful for the board.)

---

I just have a savings account with them and I'm not getting the FICO offer so it must just be for members that have CCs or loan products.

Boo PenFed! Boo!

---

I have only saving and money market saving and still got the free score

---

I just came within a mouse click of getting a money market savings account to see if I would get the free FICO. Then some unhappy portion of my brain felt like I was paying $25 for a score that few other lenders use. Another portion of my brain then felt that the $25 would just sit there like the $5 I used to open my PenFed savings account so it wouldn't actually cost me anything.

The whole of me then decided to sleep on it. Oh FICO... what have you done to me?

P.S. I'm not schizophrenic or anything these were just stream of consciousness type thoughts

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The way it looks you have to have a credit product to get the FICO score

[Ubuntu]

That was my first thought but then creditfan said he or she only had savings and money market savings accounts and got the free FICO.

Tomorrow... I'm going to wait until tomorrow... really... or later tonight... shhhh! quite down in there!

[Revelate]

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@-Wade- wrote:

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@Ubuntu wrote:

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@creditfan wrote:

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@Ubuntu wrote:

---

@BootStraps wrote:

Do you have a credit card or just a checking/savings account?

I'm asking because I currently don't have a card with them and don't have that offer.

(figured that this info would be generally useful for the board.)

---

I just have a savings account with them and I'm not getting the FICO offer so it must just be for members that have CCs or loan products.

Boo PenFed! Boo!

---

I have only saving and money market saving and still got the free score

---

I just came within a mouse click of getting a money market savings account to see if I would get the free FICO. Then some unhappy portion of my brain felt like I was paying $25 for a score that few other lenders use. Another portion of my brain then felt that the $25 would just sit there like the $5 I used to open my PenFed savings account so it wouldn't actually cost me anything.

The whole of me then decided to sleep on it. Oh FICO... what have you done to me?

P.S. I'm not schizophrenic or anything these were just stream of consciousness type thoughts

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The way it looks you have to have a credit product to get the FICO score

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People actually care about their FICO Next Gen score?  It's a very dated model, in between the '98 and '04 releases there was Gen 1 and Gen 2.

Penfed is one of the outliers that still uses it rather than the far more common '04 and '08 models (and all their various industry options): I only have a small share savings account with them, certainly not going to open a credit product to get access to this fairly useless score.  People decried the TU '98 score as near worthless on the forum, I would suggest since many mortgages are still on EX Risk Model 2 (a '98 derivative) that this score is FAR more worthless than that one.  

Granted you had to pay for TU'98 and this one is free (well sort of, Penfed credit product requirement) but this shouldn't be a big advertising draw for their products in my estimation.