Bank of America is now allowing many of us to enroll for a free FICO score monitoring benefit which shows the Transunion FICO score in their credit card login.
At the beginning of 2015, President Obama announced at a speech at the Federal Trade Commission that a number of financial institutions would be offering consumers access to their FICO score for free, one of them being Bank of America.
Back in December, we reported that by the end of the first quarter 2016 all BofA cardholders will have access to the FICO benefit. Although this hasn’t materialized completely, many of us are now seeing the credit score option in our BofA credit card login. If you don’t see it yet, try this link and see if it works for you; otherwise, the benefit will hopefully come soon.
At this time, the FICO® Score Program is not available for all eligible consumer credit card customers and it is not yet available through Mobile Banking Apps or Mobile Web.
Additional Details
- The score offered is the TransUnion FICO8 classic score
- You will be able to view up to a 12-month history of your FICO Scores, starting when you enroll and for each month up to 12 months after enrollment; after 12 months, the history display will re-start
- Cardholders need to opt-in (“enroll”) to get access to the credit score; you can unenroll at any time
- Using this benefit does not affect your credit score
- You’ll get an email when an updated score is available; you can opt-in for text alerts as well
- To access the credit score, go to ‘Tool and Investing’ > ‘Spending and cash flow’ > ‘Learn about credit scores NEW’ (see picture above)
- You can see the official terms of the credit score at this link (login required), starting at #11
HT: bluntandpointless on Reddit
