cancel
Showing results for 
Search instead for 
Did you mean: 

Is cutting Disney Plus a good idea for my credit score with Experian?

tag
IcyCool7227
Regular Contributor

Is cutting Disney Plus a good idea for my credit score with Experian?

I want to cut out my Disney Plus subscription of $8.39 per month but am hesistant to do so because it's my only bill that Experian sees for their Boost (landlord pays the utility bills and I get a free government lifeline cell phone plan). I just used their Boost for the second time and it went to 752! I barely watch much on it though so that's why I am considering canceling. Is there a max amount of times I can use the Boost? Would the Experian just increase on it's own with good credit behavior?

 

Also, why doesn't Trans Union and Equifax have boost features like Experian? I see TransUnion has something called eCredable Lift but that's only for utility bills and not streaming services, plus it costs money.

As of: 3/28/24:

EQ: 785 (prev. 778 on 2/6/24; 773 on 1/26/24 & 750 on 1/7/24 & 626 on 6/7/24 & 652 in April 2023) - FICO 8
EX: 763 (prev. 755 on 2/6/24; 753 on 1/26/24 & 732 on 1/7/24 & 643 on 6/7/24 & 619 in April 2023) - FICO 8
TU: 759 (prev. 748 on 2/6/24; 744 on 1/26/24 & 689 on 1/7/24 & 6/7/24 & 654 in April 2023) - CreditKarma

Have:
- Amazon Prime Store Card: $5,000
- Capital One SavorOne Cash Rewards: $1,200
- Chase Freedom Flex: $500
- Discover it Cashback: $2,000
- Kohl’s Charge: $3,000
- Mercury Rewards Visa: $4,390
- Super Cash: Limit varies based on debit balance - doesn't show up in accounts anymore though on CRs.
Message 1 of 6
5 REPLIES 5
GZG
Valued Contributor

Re: Is cutting Disney Plus a good idea for my credit score with Experian?


@IcyCool7227 wrote:

I want to cut out my Disney Plus subscription of $8.39 per month but am hesistant to do so because it's my only bill that Experian sees for their Boost (landlord pays the utility bills and I get a free government lifeline cell phone plan). I just used their Boost for the second time and it went to 752! I barely watch much on it though so that's why I am considering canceling. Is there a max amount of times I can use the Boost? Would the Experian just increase on it's own with good credit behavior?

 

Also, why doesn't Trans Union and Equifax have boost features like Experian? I see TransUnion has something called eCredable Lift but that's only for utility bills and not streaming services, plus it costs money.


experian boost is just a gimmick, the points "go up" but it's hollow and doesn't really mean anything. 

 

unless you have a specific underwriter tell you that if you achieve X score you will get Y outcome/loan/APR etc. and they will accept alternative tradelines like rent reporting/experian boost, it's all magic dust that is surely discarded and not considered from any underwriting from most lenders. 

don't pay $8 a month for a service you don't want just for experian boost, just remove it from your file and you can then actually see when your profile meaningfully improves

 

image.png

 

I'm still on the hulu promo price, nice

Starting FICO 8:

Current FICO 8:

3/6, 5/12, 14/24

Message 2 of 6
IcyCool7227
Regular Contributor

Re: Is cutting Disney Plus a good idea for my credit score with Experian?

Curious if others would say the same about EX Boost. I think I will cut before it bills me next Feb 11th. I wish Disney Plus had like a $1 per movie or show rental for 24 hours along with the subscription plan to choose from if I wanted more than 8 movies to watch per month. If I could watch 2-3 things for only $2-3 per month I'd go for that but unfort. Disney Plus doesn't offer that. So maybe once in a while I will just resubscribe for a month or two when there are some Disney movies I'd like to see.

 

I see lots of bad feedback about Experian Boost not really being the score that creditors pull so, so so long Boost!

As of: 3/28/24:

EQ: 785 (prev. 778 on 2/6/24; 773 on 1/26/24 & 750 on 1/7/24 & 626 on 6/7/24 & 652 in April 2023) - FICO 8
EX: 763 (prev. 755 on 2/6/24; 753 on 1/26/24 & 732 on 1/7/24 & 643 on 6/7/24 & 619 in April 2023) - FICO 8
TU: 759 (prev. 748 on 2/6/24; 744 on 1/26/24 & 689 on 1/7/24 & 6/7/24 & 654 in April 2023) - CreditKarma

Have:
- Amazon Prime Store Card: $5,000
- Capital One SavorOne Cash Rewards: $1,200
- Chase Freedom Flex: $500
- Discover it Cashback: $2,000
- Kohl’s Charge: $3,000
- Mercury Rewards Visa: $4,390
- Super Cash: Limit varies based on debit balance - doesn't show up in accounts anymore though on CRs.
Message 3 of 6
Thomas_Thumb
Senior Contributor

Re: Is cutting Disney Plus a good idea for my credit score with Experian?

Experian BS. Don't bother with it. If you need to build a credit history, get a couple revolving credit cards. If necessary, get secured cards and then transition them to unsecured. Later, If transitioning is not possible, get a couple unsecured cards and then close the secured card accounts.

Fico 9: .......EQ 850 TU 850 EX 850
Fico 8: .......EQ 850 TU 850 EX 850
Fico 4 .....:. EQ 809 TU 823 EX 830 EX Fico 98: 842
Fico 8 BC:. EQ 892 TU 900 EX 900
Fico 8 AU:. EQ 887 TU 897 EX 899
Fico 4 BC:. EQ 826 TU 858, EX Fico 98 BC: 870
Fico 4 AU:. EQ 831 TU 872, EX Fico 98 AU: 861
VS 3.0:...... EQ 835 TU 835 EX 835
CBIS: ........EQ LN Auto 940 EQ LN Home 870 TU Auto 902 TU Home 950
Message 4 of 6
CorpCrMgr1
Valued Contributor

Re: Is cutting Disney Plus a good idea for my credit score with Experian?

Unfortunately, paying for a streaming device on time doesn't count on TU and Equ. Stop paying and watch how fast they report it. When Exp first started its boost I tried it and actually lost a few points. I got out of it and regained my points. No, I didn't have any missed payments. At one time my energy bill counted as a loan (other), but that stopped several years ago. I don't believe in paying for credit. I have no AF CC. 
You might try canceling your Disney subscription. While I don't subscribe to Disney often the monthly charge is lowered when I go to cancel other services. Good luck!

Message 5 of 6
citymunky
Established Contributor

Re: Is cutting Disney Plus a good idea for my credit score with Experian?

If you are looking a credit building product that reports your history to the big 3 CRAs for subscriptions, look into Grow Credit.

 

They bill you for a subscription base service (ie Disney+, Hulu, Spotify, YouTube, audible, etc.) and then their pay for the service on your behalf and report the payment history.

 

I have had their free plan of the past few years, no issues.

Screenshot_20240128_070750_myFICO.jpg

Screenshot_20240128_070805_myFICO.jpg

 

Rebuilding since 2021


Closed CCs
USAA (Jul 2019| Settled CO), Jasper $1 CL (Jul21-Jul22), Sable $250CL{Secured} (Jan22-Jun23), CreditOne Platinum $750CL (Jul21-Aug23), Prosper $1.9K CL (Jan22-Apr24)

Starting FICO 8 Scores:
Current FICO 8 Scores:


Message 6 of 6
Advertiser Disclosure: The offers that appear on this site are from third party advertisers from whom FICO receives compensation.