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One of the quickest ways to get your feet wet in the points-and-miles hobby is by taking advantage of credit card sign-up bonuses. However, before you can even start thinking about signing up for credit cards, there are some vital pieces of information you need to know and understand about your credit. Identifying your credit score can sometimes be an obstacle — although some credit cards do provide access to your most recent FICO score. However, Discover recently launched Credit Scorecard, which gives everyone free access to their FICO score.
Discover is the first credit-card issuer to offer everyone, not just cardholders, their FICO score for free. Earlier this year, Capital One introduced a credit tool, CreditWise, available to everyone, but it only showed your VantageScore 3.0 for Transunion credit score — not your FICO score.
The new Discover service is very easy to use. Go to Discover’s website and register with your personal information. The Credit Scorecard will give you not just your FICO score, but also what is helping and/or hurting your score, as well as a summary of the data that factors into scoring. In addition, you’ll have access to resources and education materials to help you better understand your credit score and tools to help you stay on top of it.
While the average American’s credit score is pretty terrible, perhaps having access to this new info will make it easier for consumers to give their score a boost.
Even after the introduction of the Chase Sapphire Reserve, the Chase Sapphire Preferred is still a fantastic choice if you want to avoid the Reserve’s $450 annual fee, earn 2x on all travel & dining and earn a 50,000 point sign up bonus.
- Earn 50,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $625 toward travel when you redeem through Chase Ultimate Rewards®
- Named Best Credit Card for Flexible Travel Redemption - Kiplinger's Personal Finance, July 2016
- 2X points on travel and dining at restaurants worldwide & 1 point per dollar spent on all other purchases.
- Earn 5,000 bonus points after you add the first authorized user and make a purchase in the first 3 months from account opening
- No foreign transaction fees
- 1:1 point transfer to leading airline and hotel loyalty programs
- Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards. For example, 50,000 points are worth $625 toward travel
- No blackout dates or travel restrictions - as long as there's a seat on the flight, you can book it through Chase Ultimate Rewards