Discover Now Offering Free FICO Score Access To Everyone

There are lots of services out there that give free credit scores, but they all simulate scores based on their own models. These are called FAKO scores that aren’t going to be used in a credit approval decision. A FAKO score can be significantly different than your FICO score, discrepancies of more than 100 points aren’t uncommon.

Discover is launching Credit Scorecard and it gives a real Experian 8 FICO score. It does not hurt your score if you check your own score. You don’t need a Discover card to join and check your FICO score for free.

ex8

 

 

 

 

 

 

 

 

AMEX also gives Experian 8 FICO scores to their cardholders and indeed it was an exact match:

ax

 

 

 

 

 

 

 

Interestingly if you have a Discover credit card they provide you with another FICO score, the Transunion 8:

tu

 

 

 

 

 

 

 

 

 

Barclaycard also provides a Transunion 8 FICO score to its cardholders, it was taken a day later and was 1 points higher than the score Discover gave:

barclays

 

 

 

 

 

 

 

 

 

Other programs that you signup for aren’t giving you a real FICO score.

You can keep tabs on all 3 of your reports with annualcreditreport.com, the only government sanctioned credit report site. If there are mistakes there be sure to dispute them! If there are hard pulls that shouldn’t be there, if there are duplicate hard pulls, or if there are pulls older than 24 months old you should dispute those as well. Unfortunately that site only shows your report, it does not give you a credit score.

One trick to get your score higher is to pay off what you spend, besides for a buck or 2, before your monthly statement prints. Once your statement is generated even if you pay it off on time you will lose up to 30% of your score depending on how much you owe that month. You can call your credit card bank to have all your card’s statements print on the same day of the month to keeps things organized.

If you can’t swing that, then try spending on a business card where the spending doesn’t affect your personal credit score. Some other tips can be found in this post from the DD archives.

HT: emak, via DDF and Davidthebest, via DDFB

Tweet about this on TwitterEmail this to someoneShare on Facebook

32 Responses to “Discover Now Offering Free FICO Score Access To Everyone”

  1. Yanky Kaufman Says:
    1

    Dan , I believe that I deserve the HT this time ….. Via DDFB ….. Posted few hours ago already …

    ReplyReply
  2. EJB Says:
    2

    show off!

    ReplyReply
  3. hvaces42 Says:
    3

    Capital one just switched to CreditWise which is FAKO. It used to be FICO.

    ReplyReply
  4. Deal Guy Says:
    4

    @hvaces42:

    It was always FAKO. C1 never provided FICO

    ReplyReply
  5. anonymous Says:
    5

    What about the score that Amex provides?

    ReplyReply
  6. Doodness Says:
    6

    845… whos got a bigger one?

    ReplyReply
  7. Ydad Says:
    7

    Thanks Dan! Seems the $2 trick served me well 🙂

    ReplyReply
  8. mikey Says:
    8

    Is Chase Slate Fico or Fako ? How about their scoreboard ?

    ReplyReply
  9. SoCal Dude Says:
    9

    836 No debt to pay on….

    ReplyReply
  10. Phillip Says:
    10

    Does the fact that they cannot provide me the report online (and I must send in the information via mail) mean that I may have some issues?

    ReplyReply
  11. chanad Says:
    11

    I only saw my Transunion score and I have a discover card. Anyone know how I can see the Experian score too? thnkx.

    ReplyReply
  12. Yerach Says:
    12

    Anyway to check the Equifax score?

    ReplyReply
  13. Anonymous Says:
    13

    @Yerach: follow the link above will connect you to Discover cards Equifax Fico. Interesting that on Discover’s main site they offer Faco.

    ReplyReply
  14. Anonymous Says:
    14

    @Anonymous: The free option from discover is from experian, and the one for card holders is from transunion. non of the options mention equifax.

    ReplyReply
  15. Hello Says:
    15

    When I try creating an account to check my score, at the end of identity verification, it keeps saying error…anyone had that?

    ReplyReply
  16. chaz Says:
    16

    831 is no show off i have seen 847 from amex and i have a printed letter from chase after applying for a card that says 849 now thats show off!

    ReplyReply
  17. haleivi Says:
    17

    I entered all my info(name add. email ss#.). and did not receive anything after waiting over half an hour’ I am worried for my identity.

    ReplyReply
  18. a yid Says:
    18

    citi has cards giving you equifax

    ReplyReply
  19. Charge card Says:
    19

    Is spending on a charge. Add same as on business, regarding the spend utilization?
    Thanks

    ReplyReply
  20. zvi Says:
    20

    suspect identity theft on my Credit Scorecard

    this is what comes up for me

    Information within the form is either missing or incorrect. Please fix the following:
    Last four digits of Social Security Number is required.
    The information you entered is incorrect. Please try again.
    Welcome back to your Credit Scorecard.

    To validate your identity, please enter the last four digits of your Social Security Number.

    Last four digits of Social Security Number

    XXXX
    Continue Cancel

    ReplyReply
  21. Yerach Says:
    21

    @a yid: Thanks!

    ReplyReply
  22. Dan Says:
    22

    @a yid:
    @Yerach:
    I didn’t mention Citi because they use an annoying 900 point FICO bankcard scale.

    ReplyReply
  23. Yerach Says:
    23

    @Dan: Thanks!

    ReplyReply
  24. Izzy Says:
    24

    Just for the record it’s called FICO 8 based off Experian or a trans union.
    Another point, FICO 8 score is significantly higher than FICO v2 (the most commonly used FICO.
    Credit karma uses their own score too.

    ReplyReply
  25. KayBee Says:
    25

    Are the credit scores on CreditKarma the real thing?

    ReplyReply
  26. Moe Says:
    26

    @Dan, I tried having Amex change my closing date to the same day each month but they said it can’t be done. It will always be a day or 2 off depending on amount of days in billing cycle. Is that not true? HUCA?

    ReplyReply
  27. moey Says:
    27

    651…. how can i fix this

    ReplyReply
  28. Jersey Says:
    28

    Pretty sure Credit Karma gives free Transunion & Equifax credit scores as often as once a week

    ReplyReply
  29. Dan Says:
    29

    @KayBee:
    No

    @Jersey:
    FAKO

    ReplyReply
  30. MG Says:
    30

    Regarding that trick you mentioned about paying off everything besides a dollar or two: How does this help? Do I get charged interest on the dollar left over, or I should pay it off before the due date but only after the statement prints?
    Thanks in advance.

    ReplyReply
  31. Dan Says:
    31

    @MG:
    You pay it before the due date.

    ReplyReply
  32. MG Says:
    32

    @Dan: Thanks. Why does this work? Does the amount owed part of your credit score only look at how much is owed after your statement prints?

    I was told that in order to build credit, as I’m just starting out, I should only spend about $5 a month (with a $200) credit line, to keep the credit utilization low. But if my understanding is correct, then if I follow what was recommended here it accomplishes the same thing.

    Please correct me if I’m misunderstanding.

    ReplyReply

Leave a Reply

Please note: Comment moderation is enabled and may delay your comment. There is no need to resubmit your comment.

Switch to our mobile site