8/15/2023
Did you know that everyone has a credit score? It is a score used by financial institutions to make important decisions when granting you a loan, a credit card, a mortgage, etc.
If you are a Citibank customer or you intend to become one by opening one of its checking accounts and contracting one of its credit cards, we tell you how you can know your FICO Score for free thanks to this bank.
What is the credit score?
Your credit score is formed by your payment history (credit cards, loans, etc.), if you have current debts, your experience with previous credits, etc. If you are a good payer, your score goes up, while if you pay late or have debts, your score will be lower.
For this reason, many people make their purchases with credit cards, as it helps to create a good credit profile if you pay on time.
We already have a very complete article on what a credit score is and how it is calculated, so we are not going to waste much more time on that now, if you want more details you can go read the article, we tell you all about how it is calculated and details about the different scores.
While there are some credit score alternatives, the most widely used is the FICO® Score and it is the one we are going to focus on right now.
How to get a free FICO® Score with Citibank?
If you have a Citi credit card, you can probably access to check your credit score for free, although it is not available for all cards (check Citibank's website to see which cards are enabled).
What you have to do to access your credit profile is to enter Citi's credit card benefits portal and there you will find the option to check your profile.
The score is a number that goes from 250 to 900, the higher your score, the more likely you are to have access to different financial services as well as better conditions.
| Range | Value |
| 800 - 900 | Excellent |
| 740 - 799 | Very good
|
| 670 - 739 | Good |
| 580 - 669 | Regular |
| 250 - 579 | Poor |
Frequently Asked Questions about Citibank Credit Scores
Where do I get the FICO® Score with Citi?
Citibank has agreements with major credit reporting agencies such as FICO and Equifax to obtain the data.
Is the score updated every day?
No, the score is updated once a month and may have a 10 day delay while Citibank validates the information.
What model is used to calculate the score?
The FICO® Bankcard Score 8 is used with Equifax data.
Can my score be different with other services?
Yes, the score presented to you by Citi is updated once a month and has a 10-day lag, other services may update the score differently or use different models.
Why is Citibank offering me a free credit score?
Citi believes that a good financial health of its customers is important, that's why they offer you the information for free so you can improve it if necessary.
Español: ¿Cómo checar tu score de crédito con Citibank?