3/10/2023 0 Comments Chase credit journey![]() (That's the red D in the screencap I shared earlier.) Credit Journey doesn't explain that my lack of credit diversity is the largest factor preventing me from having a higher score. This is useful, I suppose, but Credit Sesame's diagnostic tools are a little more robust. I haven't been doing anything with credit…)įor added insight, Credit Journey provides a credit overview so that you can see the status of various factors that go into making up your credit score. (I'm not sure what's responsible for the recent downward slide. Here's how my score has fluctuated over the past twelve months. As of today, let's call my credit score 816.Ĭredit Journey also gives you a one-year history of your credit score so that you can spot trends. Yay! It's the same as reported by Credit Sesame. Here's my current VantageScore according to Credit Journey at Chase: Both scores are numerical representations of your credit history designed to give lenders a quick way to evaluate whether or not to do business with you.) (VantageScore is a competitor to the popular FICO score. Because I'm a Chase customer, I have access to their “Credit Journey” feature, which provides free VantageScore monitoring. Next, I went looking for a second opinion. ![]() Can you guess what the company's revenue model is?) (As a side note, I think it's hilarious that Credit Sesame thinks I should open lots of new credit cards to boost my credit score. My credit score has remained roughly the same over the past twelve months. Today, Credit Sesame says my credit score is 816: When I last checked in January 2018, Credit Sesame said my credit score was 814: To start, of course, I need to learn my current credit score.įirst, I visited Credit Sesame, a free credit-monitoring tool that I use maybe once or twice a year. I've decided to document the process! Let's find out together. But is it bad to cancel a credit card? And if it's bad, how bad is it? I'd rather cancel the card and take a temporary hit to my credit. My primary credit card right now is the Chase Sapphire Reserve, which I use for 99% of my personal credit transactions.īasically, I'm paying $75 per year - the British Airways card's annual fee - for nothing…except to maintain my credit score. It's a fine card, but I never use it because I have better ones. It's a Chase British Airways card that I signed up for in 2011. That said, for the past several years I've been carrying a credit card that I don't want or need. (Kim's very proud that she has a higher credit score than I do, by the way.) With a score like that, I'm considered to have “exceptional credit”, and that's good enough for me. I know that it ranges between 800 and 820, so I don't worry about it. I normally don't pay much attention to my credit score. Then I'm going to explain how to cancel a credit card, no matter why you want to do so. Today I'm going to walk you through in real time as I evaluate this decision. I have a credit card I'd like to cancel, but I don't know if I should.
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