CreditWise: How Everyone Can Get Their Free Credit Score From Capital One

Should you sign up for Capital One CreditWise services?

In 2014, the Consumer Financial Protection Bureau recommended that the nation’s major credit card companies make credit scores freely available to their customers. Capital One went above and beyond that recommendation when it released CreditWise, a credit monitoring app that’s free even for non-Capital One members. Keep reading to find out how to monitor your credit with CreditWise.

CreditWise Features and Services

The CreditWise app — which is available in the Apple App Store and in Google Play — can provide you with key services relating to your credit. These services include:

  • CreditWise free credit score: When you enroll, you’ll receive your VantageScore 3.0 credit score, provided by TransUnion.
  • Email alerts: You’ll receive an email notification when there are changes to your TransUnion credit report. Changes can include recent inquiries or delinquent accounts.
  • Credit protection: CreditWise monitors the dark web, tracks your Social Security number and sends you alerts from two credit bureaus if any fraud is detected.

Related: 7 Ways You Could Accidentally Set Off Your Own Fraud Alert

CreditWise Simulator

The CreditWise Simulator allows you to see how your financial decisions can affect your credit score before you make them. For example, you can input the amount of money you plan to put toward credit card debt or the amount you plan to increase your credit limit on one of your credit cards, and you’ll see how many points your credit score is expected to gain or lose based on this action.

Check Your Credit Today

What Does Your CreditWise Credit Score Mean?

The score you receive from CreditWise is an indicator of your credit health. However, it’s important to note that this score won’t be the same as the score prospective lenders use to determine your lending terms because that score takes additional factors into account.

Is CreditWise Secure?

Data you share with CreditWise from Capital One is encrypted with 256-bit Transport Layer Security. This means any sensitive information you share can only be viewed by you and CreditWise’s secure systems.

See: How to Raise Your Credit Score by 100 Points (Almost) Overnight

Signing Up for CreditWise

You don’t need to be a Capital One customer to enroll in CreditWise. However, you do need to be over 18 and have a valid Social Security number that matches a credit profile with the TransUnion credit bureau. To enroll, you will need to provide basic personal information as well as your Social Security number. If you are already a Capital One customer, you can use your existing online login to access CreditWise.

Signing up for CreditWise and using its features will not hurt your credit score.

More on Monitoring Your Credit

Share this article:

About the Author

Gabrielle Olya

Gabrielle joined GOBankingRates in 2017 and brings with her a decade of experience in the journalism industry. Before joining the team, she was a staff writer-reporter for People Magazine and Her work has also appeared on E! Online, Us Weekly, Patch, Sweety High and Discover Los Angeles, and she has been featured on “Good Morning America” as a celebrity news expert. 

Read More