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Discover%26#039;s Credit Score Tracker? Should I enroll in it?
So I was chatting with customer service from discover, they have great customer service btw, anyway I told her that this was my first credit card and that I wanted to keep my account in good standing. She told me about the services they had, like the credit score tracker. Each month discover mails you your credit report. The enroll fee is 7.99. This is so you can see how your credit score changes for month to month good or bad. Anyhow, I told her that I haven%26#039;t had my credit card for 6months so I may not have a score yet, She told me I may and I may not. My concern is that I heard that when you get your credit report it lowers your credit score. Is this so with the discover card tracker.Also do I need to enroll now or should I wait till June? I know that each credit card company reports to the credit bureau each month, but I doubt I have a score. Ive only made two payments so far. December and January. So what do you guys think?|||What they show isn%26#039;t a REAL credit score. The only REAL credit scores are the ones obtained by myfico.com. They are called FICO credit scores and they are the ones that lenders see when you apply for credit.
Many places try to sell you what they call %26quot;credit scores,%26quot; but FICOs are the only true scores. You can bet that when Discover gave you a card, they checked your FICO.
When a consumer checks their own credit report, it does NOT lower your score. It is coded with the company as a %26quot;soft%26quot; pull, which does not count towards any credit scoring. Only %26quot;hard%26quot; credit pulls count toward your score -- they are used by the business extending you credit, and these types of pulls stay on your credit report for 2 years and are viewable by other lenders.|||it is not a 1 time fee. It will be a monthly charge as credit scores are never free
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