No credit card required
Browse credit cards from a variety of issuers to see if there's a better card for you.
Hello All. I'm a new memeber and was trying to find some info in the forums about the MyFICO subscription... I signed up a couple weeks ago, and am a little confused about what all is included.
If I understand the services offered, the site charges $60 for a 3B report, one of which came with the first month of the subscription. It says that I'm scheduled for my next report in 3 months, and I get a discount if I want to pull it at some point in the interim. So, will my credit scores shift from day/week to day/week in the interim, if say, I pay down debt, or open a new credit card? Or will those only show up on my FICO dashboard in July when my next 3B comes out?
Basically, should I expect to see those numbers change when my next credit card statement comes out? Or am I paying $30/month for the identity/account monitoring, the scenario simulator, and a FICO update every 3 months?
For comparison, I have a Chase credit card that gives me my TU Vantage 3.0 score that updates every week. It's a month or two behind reality, vis-a-vis remaining cc debt, but usually knows within a week if there's been a new credit enquiry, etc. I know it's not a real FICO score, but it *feels* more responsive at least.
You sound like you are trying to balance the cost of a particular credit monitoring solution (CMS) against other possible CMS's. That's always smart to do. We live in a free market, and there's never just one option for anything you want to buy.
In fact, there some CMS's that cost $0 per year, and which give you monthly reports and FICO 8 scores. Let us know if you'd like to hear some possible options along that line.
Otherwise, yes, with the myFICO Ultimate package you are paying $30 a month for ID monitoring and updates to your FICO 8 score (but bear in mind that your score can change substantially without triggering these alerts). The alerts only cover certain kinds of changes to your report.
@Anonymous wrote:Hello All. I'm a new memeber and was trying to find some info in the forums about the MyFICO subscription... I signed up a couple weeks ago, and am a little confused about what all is included.
If I understand the services offered, the site charges $60 for a 3B report, one of which came with the first month of the subscription. It says that I'm scheduled for my next report in 3 months, and I get a discount if I want to pull it at some point in the interim. So, will my credit scores shift from day/week to day/week in the interim, if say, I pay down debt, or open a new credit card? Or will those only show up on my FICO dashboard in July when my next 3B comes out?
Basically, should I expect to see those numbers change when my next credit card statement comes out? Or am I paying $30/month for the identity/account monitoring, the scenario simulator, and a FICO update every 3 months?
For comparison, I have a Chase credit card that gives me my TU Vantage 3.0 score that updates every week. It's a month or two behind reality, vis-a-vis remaining cc debt, but usually knows within a week if there's been a new credit enquiry, etc. I know it's not a real FICO score, but it *feels* more responsive at least.
The best thing to get is the Ultimate 3B report for $30 a month. It gives you constant updates to FICO 8, and a full set of FICO scores with a 3-bureau report once a quarter. http://www.myfico.com/Products/FICO-Premier-3B/
They used to have a product which included the monthly 3B report, but they seem to have pulled it.
SJ, the link in your post leads to the monthly Premier 3B product.
The link says Premier, but I clicked on it and it ends up at the Ultimate page. That's too bad if they don't offer Premier anymore. I was able to get it for $29.95 same as I was paying for the Ultimate. But I did have to cancel Ultimate then sign up for Premier.