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Barclaycard gives its 10.5m customers free access to credit scores
Barclaycard gives its 10.5m customers free access to credit scores
This is a duplicate of the Blog Entry made on: 19th November 2015 10:13
This is a duplicate of the Blog Entry made on: 19th November 2015 10:13
as data shows six in ten have never checked theirs
Barclaycard will offer its customers free, regular access to their Experian credit score from Friday, This is Money can reveal. The credit card giant, which has 10.5million customers, will offer the service online and then roll it out to its mobile app from January. The credit card provider says the Experian tie-in aims to help customers 'understand their financial footprint and get on top of their finances.' The move comes after it was revealed today that Barclaycard customers will see the rate on their credit card move in line with base rate from February 2016. Research suggests that despite an individual's credit history playing a crucial part in the ability to borrow money and obtain the best deals, only 39 per cent of people have checked in the past.
Around a quarter currently know their credit score. Of those who do not know their rating, almost a third of people feel confident that their credit history is so good they don't need to check it.
Furthermore, 26 per cent don't want to pay to access it. Many credit score providers offer the first month free – after that, people have to cancel it or be charged a monthly fee, usually around £15. Barclaycard customers will be able to see their Experian credit score. They'll then get helpful tips on how they can improve it – and in the near future, customised advice on how to improve it. It says the move will help customers understand its decisions, such as whether they will offer a credit limit increase.....Read more here
Barclaycard will offer its customers free, regular access to their Experian credit score from Friday, This is Money can reveal. The credit card giant, which has 10.5million customers, will offer the service online and then roll it out to its mobile app from January. The credit card provider says the Experian tie-in aims to help customers 'understand their financial footprint and get on top of their finances.' The move comes after it was revealed today that Barclaycard customers will see the rate on their credit card move in line with base rate from February 2016. Research suggests that despite an individual's credit history playing a crucial part in the ability to borrow money and obtain the best deals, only 39 per cent of people have checked in the past.
Around a quarter currently know their credit score. Of those who do not know their rating, almost a third of people feel confident that their credit history is so good they don't need to check it.
Furthermore, 26 per cent don't want to pay to access it. Many credit score providers offer the first month free – after that, people have to cancel it or be charged a monthly fee, usually around £15. Barclaycard customers will be able to see their Experian credit score. They'll then get helpful tips on how they can improve it – and in the near future, customised advice on how to improve it. It says the move will help customers understand its decisions, such as whether they will offer a credit limit increase.....Read more here
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