Barclaycard To Offer Cardmembers Complimentary FICO® Scores
Cardmembers Can Now Access the Same Information Used By Banks and Lenders to Help Them Better Understand Their Credit Scores
The partnership gives Barclaycard cardmembers instant and convenient access to their FICO® Score 24 hours a day from their Barclaycard online account. It also provides them with simple tools for understanding and tracking their credit score, including the top two factors currently affecting their score and a graphical chart showing historical changes in their score (after three months of history, up to 12 months of data). Cardmembers will receive e-mail alerts any time Barclaycard is notified that their score has changed.
Barclaycard's FICO® Score access is completely complimentary to its cardmembers, with no hidden fees, sales pitches or intrusive advertising. Many "free" credit score offers do not provide true FICO® Scores. These programs provide credit information for a limited time, but then they either require a fee for ongoing access or they share your personal information with advertisers looking to market other financial products.
"We are pleased to partner with Barclaycard to provide their customers with the specific FICO Score used to manage their credit account at no additional cost," said James Wehmann, executive vice president of Scores at FICO. "We applaud them for being a leader in consumer financial education and empowerment."
"Barclaycard is pleased to be to offer bona fide FICO® Scores as a complimentary benefit to our cardmembers through FICO Score Open Access," said Paul Wilmore, Managing Director Consumer Markets at Barclaycard US. "The program aligns perfectly with our overall business philosophy of being fair and transparent with our cardmembers, giving them easy access to important financial information that will help make their financial lives easier."
Barclaycard will initially offer FICO® Score access to its Barclaycard Ring, Barclaycard Arrival, Barclaycard Rewards, Juniper, Frontier and Carnival cardmembers on an opt-in basis. The company plans to expand the program to additional card portfolios in early 2014.
About Barclaycard US
Headquartered in Wilmington, Del., Barclaycard US creates customized, co-branded credit card programs for some of the country’s most successful travel, entertainment, retail, affinity and financial institutions. In 2013, MONEY Magazine named Barclaycard Arrival the Best Travel Rewards credit card, and its Upromise World MasterCard® the Best Rewards Credit Card for college students. For more information please visit www.barclaycardus.com.
FICO (NYSE: FICO) is a leading analytics software company, helping businesses in 80+ countries make better decisions that drive higher levels of growth, profitability and customer satisfaction. The company’s groundbreaking use of Big Data and mathematical algorithms to predict consumer behavior has transformed entire industries. FICO provides analytics software and tools used across multiple industries to manage risk, fight fraud, build more profitable customer relationships, optimize operations and meet strict government regulations. Many of our products reach industry-wide adoption — such as the FICO® Score, the standard measure of consumer credit risk in the United States. FICO solutions leverage open-source standards and cloud computing to maximize flexibility, speed deployment and reduce costs. The company also helps millions of people manage their personal credit health. FICO: Make every decision count™. Learn more at www.fico.com.