Discover’s Credit Scorecard lets anyone monitor their FICO score for free – even if you aren’t a Discover customer. Here’s what you need to know.
Luckily, you might have access to basic credit monitoring through your credit card issuer. Several major issuers offer credit monitoring services that include an overview of your credit score along with alerts any time there is notable activity on your credit report.
Discover offers one such service, known as Credit Scorecard. All Discover cardholders have access to their scorecard, but you can sign up even if you don’t have a card or account with the bank.
What is Credit Scorecard?
Discover’s Credit Scorecard is designed to help you keep track of your credit score, whether or not you are a Discover customer. The service gives you your FICO score – for free – based on data from Experian.
Your scorecard will also break down the five factors that go into your credit score, including your payment history, credit utilization and length of credit history. You’ll be able to visualize data such as the number of recent inquiries on your credit report and number of missed payments.
See related: Credit cards that offer free credit scores
No matter if you have a Discover card, Credit Scorecard is a free service.
How to use Credit Scorecard
If you don’t have a Credit Scorecard account, you can sign up for one on the Discover site. You’ll be prompted to create a login and provide personal information such as your Social Security number as well as verify your identity.
Signing up for Credit Scorecard won’t affect your score, and Discover won’t sell any of your information.
Once you have an account, you can log in to your Credit Scorecard at any time online to check your score – which is refreshed every 30 days. Alerts for new inquiries and accounts on your Experian credit report (or exposed information on the dark web) are updated daily.
To keep a close eye on your personal information and credit score, we recommend checking your scorecard regularly and paying close attention to any SSN alerts. If you suspect fraudulent activity, catching notifications early can help you work proactively to prevent further damage.
Top Credit Scorecard features
On top of visualization into your credit score, Credit Scorecard offers a variety of other features designed to support users’ credit health and data security.
Credit Scorecard scans thousands of sites on the dark web for mentions of your Social Security number and will automatically send you a notification if it is found. In addition, you’ll get alerts when a new inquiry or account appears on your Experian credit report – including credit cards, loans and other accounts. That way, if a fraudulent account is opened, you can take action as soon as possible.
Education about credit
What exactly does your credit score mean? And how is it calculated? Discover offers a wide range of educational resources for Credit Scorecard users to help them answer questions like these. The more you understand how your credit score and report work, the better you can present yourself to future lenders.
Use Credit Scorecard to stay on top of your data
The more informed you are about your credit report and score, the easier it will be to take steps to protect your information.
Discover’s Credit Scorecard allows you to monitor your credit score and keep a close eye on your credit report activity – in addition to the presence of your Social Security number on the dark web.
If you get a new account alert, contact the company reporting the new account and the Federal Trade Commission as soon as possible.