3/2/2023
There are several financial institutions that make it easy for you to review your credit history. One of them is JPMorgan Chase, which offers you the Credit Journey platform to check your score for free and several other features. If you don't know it, here's what it's all about.
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What is Chase Bank's Credit Journey?
In a nutshell, it's a service from JPMorgan Chase that lets you check and monitor your VantageScore 3.0 for free.
That's because Credit Journey is sponsored by the TransUnion bureau, which shows you a different score than Experian or Equifax. Although FICO is a more popular standard, this bank's indicator serves as your benchmark.
This service is available to customers of this bank and to those who have no affiliation.
When you use it on the Chase Bank mobile app or the website, it shows you weekly score updates, tailored credit offers and educational tools to help you make better financial decisions.
Sign up for Credit Journey to check your score for free.
Signing up for this service is very simple. The only thing you need to do is to create an account through an online form that asks you for information such as:
- Name
- Address
- Date of birth
- Contact information
- Social Security Number
After you create a nickname/login and comply with the entity's identity verification (security questions or PIN), you are ready to use it.
At the time you generate the account and provide your information, you give Chase permission to access your TransUnion credit report.
Chase Credit Journey features for checking your score
This service includes a number of useful features that help you track your VantageScore and improve your chances of getting financing. Among its functions, you have:
Alerts
When there is a change in your credit history, you will receive an email indicating it. The change may be related to:
- New account
- Late payments
- Collection process
- Change of Address
- Hard and Soft Inquiries
- Updating your credit limit
- Public record, such as garnishment or bankruptcy
- Significant change in your credit balance or credit utilization
These notifications also occur when something good happens to you, such as reaching a goal or a reduction in your balances.
Although this bank updates the above changes, you can set up alerts to receive less information. This is very useful when there is a registration error or you have been a victim of identity theft and have an unauthorized credit inquiry.
Educational Resources
This bank has a huge library with material that assists you in a better construction and use of credit. Among its topics, the following stand out:
- Credit Myths
- How to improve your credit
- Principles of credit reporting
- How inquiries work
- How to increase your score
- How to calculate your score
Product Offers
In addition to keeping you up to date on what's happening with your score, Chase Bank provides you with offers related to mortgages, personal loans and credit cards.
It even tells you how likely you are to be approved for a particular card. In the plastic category, you can choose between personal and commercial.
The only disadvantage of this assessment is that the bank only considers its products. If, for example, you are looking for a secured credit card to start your score or recover it from a bad experience, we suggest that you first compare your options on Busconómico.
Credit simulator
This tool allows you to move some values to see how certain decisions affect your score. Among the scenarios you can simulate, here are the most common ones:
Paying off one or more credit cards
- Declaring bankruptcy
- Missing a payment
- Using all the credit on a card
- Transferring your balance to a new credit card
- Increasing your credit utilization or limit
- Being turned down for a financing application
- Adding a mortgage, loan or credit card
- Make one-time payments for a set number of months
Chase Bank Credit Journey pros and cons
While there are several interesting things about this service, it could also be improved. In the following list we summarize what's favorable:
- You don't have to pay anything or be a Chase customer.
- Your credit report is updated every week
- The experience on the website or app is user-friendly and easy to use.
- The simulator can be a great advantage to make good decisions.
And here are some of the disadvantages of Chase Bank's Credit Journey:
- You can only view the VantageScore 3.0
- Offers are limited to the Chase Bank catalog.
Reviewing your credit score is essential to know if your habits or strategies are on the right track. To reinforce this behavior, remember that our experts are attentive to answer your questions.
Español: ¿Cómo checar gratis tu score de crédito con Chase Bank?