Our lives are tied closely to our credit score, especially when we seek to buy a new home, purchase a car, or need a personal loan. It is always best to check your credit score before seeking a new line of credit; however, many consumers believe checking your credit score will lower it.
Checking your credit score using the Chase app will not lower it, and regularly reviewing it can help you find ways to improve your credit and check for potential fraud and identity theft.
Does the Chase Mobile App show your credit score?
The Chase Mobile App makes it possible to see your credit score, but you must first enroll for Chase Online Banking and activate your Online Bill Pay option.
Does checking credit score on the Chase Mobile App lower it?
Checking your credit score using the Chase app will not lower it because it is considered a soft credit check or inquiry.
These checks are different from the hard credit checks conducted by creditors, lenders, and banks to see what your credit history looks like, which may negatively affect your credit score.
Should you try checking your credit score on the Chase Mobile App?
When wanting to see what your credit looks like, it is best to check your credit score through the Chase app because it will be a soft inquiry that will not negatively affect your credit.
In addition, checking your credit using the app gives you an idea of your credit health and provides insight into the possibility of being approved for a new line of credit.
When to consider checking your credit score on the Chase Mobile App?
There are several reasons you want to check your credit score, and using the Chase Mobile App can help you avoid any potential issues related to your credit health. Other reasons why you may want to consider checking your credit score using the app include the following:
- Credit scores can vary
- Incorrect information may be on your credit report
- Your credit report may consist of signs of fraud
- Getting prepared to apply for a new line of credit
- Discovering new ways to improve your credit score
Since using the Chase Mobile App to check your credit score does not negatively affect it, you can check it as often as you want.
However, your score and report may only be updated once a day, a week, or a month. Check with Chase to see how often they update your credit reports so you know when to check them.
Is there a way to check your credit score without affecting it?
As long as you are the one checking your credit using the Chase Mobile App and not having a lender check it for you, it will not affect your credit score.
Additionally, obtaining your credit report annually from the three credit bureaus – Experian, Equifax, and Transunion – is free and does not affect your score.
When applying for a credit card, line of credit, or loan, ask the lender about the type of credit check they conduct. If they do a soft pull, it will not affect your credit score and is the best way to see if you qualify for certain loans or credit accounts.
However, if they do a hard pull, it will impact your credit score, especially if you are not approved.
Is credit monitoring free with the Chase Mobile App?
Credit monitoring is free to Chase customers who sign up for the Chase Mobile App and opt for the Chase Credit Journey feature.
Additionally, the app provides you with weekly score updates, credit offers based on your credit score, and tips on how to help improve your score.
Why is my credit score on my Chase Mobile App different from my FICO score?
Chase Credit Journey uses the VantageScore 3.0 by Experian, which is not an exact FICO score, but an estimate that can still provide insight into your credit score and financial health.
Ultimately, when checking your credit score or report using the Chase Mobile App or any other method where you are the one requesting access to your credit score and information, there will be no negative impact on your overall credit score.
Using the Chase Mobile App to check your credit score is the best way to access your credit information at your fingertips while avoiding any potential negative impacts on your overall financial and credit health.