Posted by William Charles on December 21, 2016
Credit Scores

Published on December 21st, 2016 | by William Charles

47

Chase Credit Journey Review – Free TransUnion Credit Score

Yesterday I let you know that Chase would be launching a new free site called Credit Journey that would give users access to a free credit score, credit monitoring and other benefits. That site has now launched, so I thought I’d do review it like I have for other similar sites such as Credit Karma, Credit Sesame, Quizzle, Discover Score Card, Wise Piggy, Credit.com & Freecreditscore.com.

Free Credit Score

As mentioned, one of the benefits of the site is the fact that it gives you a free credit score. Your not required to input any credit card details, so there is no worry about being charged (this isn’t just a free trial). You don’t need to be a Chase cardholder either to sign up.

The score it provides is a VantageScore 3.0 and is powered by TransUnion. What’s interesting is that Chase typically doesn’t pull TransUnion data when they are making approval decisions on credit cards. It’s also unlikely that they use VantageScores as part of the lending decision as a FICO score is much more commonly used.

This means the score they are giving you is unlikely to be the same score they are looking at as part of their lending decision. The score itself updates weekly as long as you log in and checking the score does not impact your score in anyway.

chase-credit-journey

Credit Tools

Credit Monitoring

You’l be alerted whenever a ‘critical’ change is made to your credit report, for example a delinquent or late payment or a hard pull on your credit report.

Credit Score Simulator

You can see how your score will be affected by doing certain things, e.g how your score will be effected if you pay off debt or open a new account.

Our Verdict

I didn’t have high hopes for Credit Journey, I really don’t think a VantageScore based on TransUnion data is remotely useful anymore especially when Credit Karma gives you the exact same information but also gives you data on your Equifax report and a lot of other features. The Discover Scorecard provides you with a free FICO score as well.

Do you see any point in signing up for Credit Journey? Let us know in the comments below.

Update: Readers point out two things:

  • This tells you exactly how many accounts have been opened in the last two years, this could be useful for determining your Chase 5/24 status
  • They might use this for determining Chase pre-approval data (they surely must be planning to market to users of the site).

 



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47 Comments on "Chase Credit Journey Review – Free TransUnion Credit Score"

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Justin
Justin

No point in signing up but Chase DID pull my Transunion on a Southwest Premier recon call.

J.M.
J.M.

Only reason I can see is to maybe have another staggered report date. Credit.com pulls every 14 days, creditkarma every 7, so if you start this Credit Journey on a day when none of your other sources are reporting, it might at least fill in a gap, if you’re someone who likes to watch it daily.

Lrdx
Lrdx

If you want daily updates of VantageScore 3.0 from TU, sign up for WalletHub, they have that.

Mark
Mark

Most of the credit scoring applications show you “Total Accounts.” This new one by Chase tells you exactly how many new accounts were opened within a 2-year timeframe. That alone is useful to me when gauging my status to Chase’s 5/24 rule.

Alex
Alex

I do not see how it’s useful:
“Recent Credit History
See a record of Opened Accounts and Hard Inquiries on your credit report over the last 2 years.”
This number includes not just opened credit cards but also other loans and mortgages and also hard inquires.

Don
Don

This score has me at 660 with clean credit reports, a 10-year credit history, and barely 10% utilization, with a dozen open accounts and 7 inquiries over the past 2 years. Ouch.

Not sure why Chase would offer this score except to dissuade people from applying for Chase cards.

JW
JW

My credit journey score is 18 points less than fico. Not a huge gap by any means, and I’m sure there’s an algorithm variance.

chriso3030
chriso3030

There’s no way your credit score is 825 with 10% utilization, and 7 hard inquiries. It’s just impossible. Each hard inquiry lowers you 4 points and 10% utilization at least another 15.
850 – 15 = 835 – (4 x 7 (=28)) is at maximum 807 and I mean at best, not including any other problems you might have. I have to call bullsh!t on that, but it was great story.

DudeHoffman
DudeHoffman

@chris3030
before you call “bullsh!t” on someone, you should read. It makes a big difference in the grand scheme of things.

You do realize that Don was the original poster and Carlos simply replied to the thread with his 825 credit score. Nowhere does Carlos state that he has 10% utilization and 7 hard inquiries…that was Don.

You might be good at math, but your reading skills are subpar. Now that was a great story bruh

Miss Parker
Miss Parker

DudeHoffman,

I was so freaking confused when I saw Chriso3030’s post. Thanks for putting smarty pants in his place lol. Loved it. People are too quick to judge and go on rants. Chriso3030 does not have 2020 vision.

Red
Red

Is overall utilization at 10% but one or more of the cards significantly over 20%?

Elijah
Elijah

Interesting. This site says I’m 8/24 but my own calculations have me at 10/24 (and I’m outside the range of when cards would have reported the new accounts). So that’s odd.

Evan
Evan

Check out Credit Karma. They don’t just give you a VS, but also free credit reports form both TU and EQ.

Matt P
Matt P

Vantage scores are always way off on my wife’s score (75 points higher) vs the FICO shown on all the credit card sites. She’s never had anything but credit cards and the only old ones are her AU cards on mine.

She’s at 18/24 and me 19/24, not too shabby.

DrRyan_L
DrRyan_L

Am i naive in hoping Chase would use my signing up for this as a way to target me for their products? I could be persuaded, Chase, to accept a pre-approval 5/24 bypassing offer for the sapphire reserve if it were to pop up on my dashboard.

Radster
Radster

I signed up to check the two year account opening feature – I will be under Chase’s 5/24 threshold in Jan. Journey shows 4 opened in the last 2 years. My own records (backed up by those on Credit Karma) show 5 opened.

May need to take the results of this feature with a grain of salt!

Lrdx
Lrdx

How does the score simulator work? CK only allows to simulate the effect of a single change. Capital One’s CreditWise allows for simulating multiple changes.

Johnny

I rather like the credit simulator. It’s more intuitive than other ones I’ve used. Useful tool to show my friends that opening numerous credit cards is not detrimental to your score. It will fluctuate within a small range, but it won’t drastically decrease the score like 99% of people think and fear. I can also show them that not paying, for example, is the main detriment to your credit score by using the simulator.

5150
5150

Very easy to apply. Only ask for last 4 digits of SS #.

5150
5150

Also score is same as FICO score provided by AmEx.

arch
arch

Just tried and got this message: Temporary Issue: We are currently unable to obtain your credit information.

Anybody else?

Jacko
Jacko

Me too. No idea

John
John

Me too. Any solution?

kay
kay

Hey William, Which site will be a good one to signup if I want to see my experian credit report? I have creditkarma and I can see my transunion and equifax. Thanks! Appreciate your blog!

Avi
Avi

I know I’m a few days late on the bandwagon here, but the number of opened accounts in the past 2 years listed on Credit Journey does *NOT* count closed accounts, whereas as far as I am aware, Chase applications do count closed accounts opened in the past 24 months. Credit Karma shows 8 accounts (including 2 closed) and Credit Journey shows 6, so I reckon that is where the discrepency is coming from.

Matthew
Matthew

This looks to be the exact same information and website as Transunion’s CreditView Dashboard (www.creditviewdashboard.com). Transunion appears to have built this as a platform to offer various institutions to put their own skin on it and offer to consumers (https://www.transunion.com/product/creditview) (https://www.transunion.com/partners/product/creditview-dashboard-product-suite). This is also the same service U.S. Bank offers customers for its credit monitoring. It’s possible we may be seeing other banks adopt this as their credit monitoring application, which is disappointing because now they will all offer the same information instead of building their own and each offering unique data on your credit score.

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