Update: It has now launched, you can view our review here.
Chase will launch a new website called ‘Credit Journey’ that will provide users with a free Vantage Score 3.0 score based on their TransUnion credit report and other credit tools. The website will be available to everybody (e.g not necessary to be a Chase cardholder).
Capital One offer a similar service called Credit Tracker & Discover offer Credit Score Card, although the Discover service provides users with a free FICO score – a score that is more commonly used by lenders. Other card issuers also offer free FICO scores, but only to cardholders.
I don’t think the new offering by Chase will be particularly useful, considering Credit Karma offers the same/similar data but for TransUnion & Equifax and other free credit monitoring websites also exist, such as:
- Quizzle (Equifax)
- Credit Sesame (TransUnion)
- Credit.com (Experian)
- WisePiggy (TransUnion)
- Freecreditscore.com (Experian)
I’ll wait until the service officially launches before I discount it completely though. Maybe it will offering some way to bypass 5/24 (a boy can dream, right?)
