CreditWise from Capital One Now Available to Everyone
March 10 2016 - 2:40PM
Business Wire
Capital One is first major bank to offer
free credit score monitoring app to all;Wants every American
to be on the path towards credit success
To help more Americans take control of their financial
well-being, Capital One® is unveiling CreditWise® – a free and easy
to use mobile app and website that enables more consumers to easily
see and understand their credit profile, track it and learn how to
improve it. With the launch of CreditWise, Capital One is the first
major bank to offer a credit monitoring tool – free of charge – to
everyone, even people that don’t have a product with Capital One.
Capital One’s new CreditWise is available in the Apple App Store
and online at www.capitalone.com/creditwise.
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View the full release here:
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Capital One is unveiling CreditWise – a
free and easy to use mobile app and website that enables more
consumers to easily see and understand their credit profile, track
it and learn how to improve it.
“Knowing your credit score, understanding the things that can
impact it, and taking steps to help increase it, is empowering and
can be one of the most important things you can do to improve your
financial health,” said Bill Hardekopf, CEO of LowCards.com. “A
higher credit score can benefit you in so many areas of life.
CreditWise will make it easier for consumers to manage their credit
score and achieve a more stable financial position.”
CreditWise, an updated new version of Capital One’s popular
Credit Tracker, is designed to offer a user-friendly experience
that makes keeping on top of your credit easy. Key features
include:
- Unlimited access to your TransUnion
credit information with no negative impact on your score
- Weekly updates of your TransUnion
VantageScore 3.0 credit score
- Notifications when there’s a change to
your credit report
- Credit simulator that allows you to see
the potential impact of financial decisions before you make
them
- An overview of key factors that impact
your credit score
- A full list of both open and closed
lines of credit, organized by account type (e.g., real estate,
credit cards, personal loans, etc.)
- Balance details for both open and
closed accounts
According to a recent Capital One survey, less than one-third of
Americans (31 percent) know their credit score and 37 percent
haven’t checked their score in more than a year. With CreditWise,
Capital One aims to help people understand, improve and monitor
their credit score.
“We first launched Credit Tracker in 2014 to help offer guidance
to our U.S. credit card customers. It was an incredibly popular and
helpful tool for our cardholders, and we decided to expand the
experience with CreditWise to enable everyone to have a convenient
and transparent way to monitor their score for free,” said Sarah
Strauss, Managing Vice President of U.S. Card at Capital One.
“CreditWise gives users so much more than just a score – it helps
them understand what makes up their score, what makes it go up,
what makes it go down, and focuses on actions they can take to
improve it. With CreditWise, we have our customers’ backs when it
comes to their credit health.”
“With CreditWise, Capital One is proactively addressing the
credit score knowledge gap and empowering consumers with
information they need to make well-informed financial decisions,”
said Patty Hasson, Executive Director for Clarifi – a non-profit
financial counseling organization. “Making this tool freely
available can have a real and positive impact, helping consumers
across the United States gain a better understanding of credit
scores and the key factors that go into every person’s score. It is
a useful tool that can help take some of the mystery out of what is
a very important number in every U.S. consumer’s life.”
Check out more about CreditWise at www.capitalone.com/creditwise
and watch a demo video that shows key features of the CreditWise
experience. An Android version of CreditWise will be available
soon.
About Capital One
Capital One Financial Corporation (www.capitalone.com) is a
financial holding company whose subsidiaries, which include Capital
One, N.A., and Capital One Bank (USA), N.A., had $217.7 billion in
deposits and $334.0 billion in total assets as of December 31,
2015. Headquartered in McLean, Virginia, Capital One offers a broad
spectrum of financial products and services to consumers, small
businesses and commercial clients through a variety of channels.
Capital One, N.A. has branches located primarily in New York, New
Jersey, Texas, Louisiana, Maryland, Virginia and the District of
Columbia. A Fortune 500 company, Capital One trades on the New York
Stock Exchange under the symbol “COF” and is included in the
S&P 100 index.
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version on businesswire.com: http://www.businesswire.com/news/home/20160310006403/en/
Capital OneAngela Solomon,
646-628-7188angela.solomon@capitalone.com
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