Discover Offers Free FICO Credit Scores to Customers: 5 Things to Know for the Week

Simon Zhen

Updated on Fri Sep 26, 2014

A FICO credit score is expensive when you purchase them one at a time. Thanks to a new program by FICO, called the FICO Score Open Access Program, customers of participating card issuers are getting the free credit scores that are actually used by lenders to assess creditworthiness. Barclaycard US joined the program two weeks ago. Discover has also joined.

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  • With the approved merger of U.S. Airways and American Airlines, the largest U.S. airline is formed. Those who have credit cards from one of the two respective airlines can expect changes to their program and terms in the near future. When United and Continental merged, new credit cards were introduced.
  • Capital One is matching up to $150,000 in charitable donations to Operation USA and AmeriCares Foundation, Inc. Both organizations are aiding in recovery efforts following the destruction caused by Typhoon Haiyan in the Philippines and surrounding areas. Capital One customers may donate by debit card, credit card or credit card rewards.
  • Discover plans to offer free monthly FICO Scores on cardmembers’ monthly statements. Currently, the free credit scores are available only to Discover it cardmembers. The program is expected to expand to other cardmembers in the coming months. Typically, a single FICO score costs $19.95.
  • On Wednesday, Google will officially shut down its Google Checkout service, which allowed users to pay for purchases with payment information stored in their Google accounts. The service is similar to that of PayPal. Google Checkout is being replaced with Google Wallet.
  • Due to a July decision by a U.S. district judge, the Fed’s limits on debit card swipe fees were ruled unconstitutional. Oral arguments by the Fed and merchants have been scheduled for January, when each side will make their case for and against a change to the current debit interchange regulations.

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  • doctorofcredit

    Glad to see more companies are signing up to the FICO open access program, I think a free monthly FICO score is going to be a standard benefit by the end of 2014.

  • LovelyDovey

    It looks like Discover is using transunion for the score. Isn’t Credit Karma already offering transunion scores for free (used to be unlimited but now weekly access to latest score)?

    • sancho

      Discover offers the FICO score which calculates the credit differently than Credit Karma does. FICO score is more respected.