The Capital One CreditWise scoreis pretty accurate, considering that it monitors your TransUnion VantageScore 3.0 score. As for how accurate is CreditWise from Capital One vs. FICO, it's really hard to determine. The methods they use aren't that clear. But the results are extremely close for both scoring models.
Here’s what you should know about the Capital One CreditWise score:
- What CreditWise is: Capital One CreditWise is a free tool that allows you to check your credit score anytime. It will also send you email alerts when there’s important activity on your credit report, such as a hard credit inquiry or a new credit card account.
- Who can use it: This tool is available to everyone who signs up on the CreditWise website, not just Capital One customers.
- Scoring model: The credit score you get is the VantageScore 3.0 model, based on your TransUnion credit report.
Overall, Capital One CreditWise is a useful tool as it accurately retrieves the data from your TransUnion credit report. However, keep in mind that Capital One CreditWise only updates once a week. You can find services that send you daily updates, along with a lot of the same information CreditWise provides. Regardless of which credit score siteyou choose, staying aware of your credit score is a necessity.
This answer was first published on 09/13/18 and it was last updated on 06/17/22. For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.
