Capital One Unveils CreditWise Mobile App

Capital One Unveils CreditWise Mobile App
11.03.2016 08:45 am

Capital One Unveils CreditWise Mobile App


With the launch of CreditWise, Capital One is the first major bank to offer a credit monitoring tool - free of charge - to everyone, even people that don’t have a product with Capital One. Capital One’s new CreditWise is available in the Apple App Store and online at

“Knowing your credit score, understanding the things that can impact it, and taking steps to help increase it, is empowering and can be one of the most important things you can do to improve your financial health,” said Bill Hardekopf, CEO of “A higher credit score can benefit you in so many areas of life. CreditWise will make it easier for consumers to manage their credit score and achieve a more stable financial position.”

CreditWise, an updated new version of Capital One’s popular Credit Tracker, is designed to offer a user-friendly experience that makes keeping on top of your credit easy. Key features include:

Unlimited access to your TransUnion credit information with no negative impact on your score
Weekly updates of your TransUnion VantageScore 3.0 credit score
Notifications when there’s a change to your credit report
Credit simulator that allows you to see the potential impact of financial decisions before you make them
An overview of key factors that impact your credit score
A full list of both open and closed lines of credit, organized by account type (e.g., real estate, credit cards, personal loans, etc.)
Balance details for both open and closed accounts

According to a recent Capital One survey, less than one-third of Americans (31 percent) know their credit score and 37 percent haven’t checked their score in more than a year. With CreditWise, Capital One aims to help people understand, improve and monitor their credit score.

“We first launched Credit Tracker in 2014 to help offer guidance to our U.S. credit card customers. It was an incredibly popular and helpful tool for our cardholders, and we decided to expand the experience with CreditWise to enable everyone to have a convenient and transparent way to monitor their score for free,” said Sarah Strauss, Managing Vice President of U.S. Card at Capital One. “CreditWise gives users so much more than just a score - it helps them understand what makes up their score, what makes it go up, what makes it go down, and focuses on actions they can take to improve it. With CreditWise, we have our customers’ backs when it comes to their credit health.”

“With CreditWise, Capital One is proactively addressing the credit score knowledge gap and empowering consumers with information they need to make well-informed financial decisions,” said Patty Hasson, Executive Director for Clarifi - a non-profit financial counseling organization. “Making this tool freely available can have a real and positive impact, helping consumers across the United States gain a better understanding of credit scores and the key factors that go into every person’s score. It is a useful tool that can help take some of the mystery out of what is a very important number in every U.S. consumer’s life.”

Related News

PayNearby announces partnership with Sub-K Impact Solutions; enables access to loan repayment options through its retail network

India’s largest agent banking platform, PayNearby is happy to formally announce its partnership with Sub-K Impact Solutions Ltd (Sub-K), a leading player facilitating loans,... Read more »

Banking Circle secures five finalist places at 2020 Emerging Payments Awards

Banking Circle, the financial infrastructure provider to Payments businesses and Banks has secured 5 finalist slots in the 2020 Emerging Payments Awards.... Read more »

Starling, TranSwap and Remitr among first wave to sign up to Currencycloud Spark

New solution provides global multi-currency accounts to Fintechs and FIs

Read more »

Tinkoff launches charitable scheme ‘Cashback to Give Back’

Tinkoff is happy to announce the launch of its new charitable scheme Cashback to Give Back. The aim of the project is to help get... Read more »

PPRO announces 85% volume growth despite pandemic, accelerates plans with new investment from Sprints and Citi

PPRO, the world’s leading local payments platform-as-a-service, reports today an 85% increase in transaction volume from last year, highlighting the... Read more »

Absa ARO Completes Fully Virtual Implementation as It Moves to Fiserv for Card Management and Processing Across Nine African Nations

Fiserv, Inc. (NASDAQ: FISV) a leading global provider of payments and financial services technology, today announced that... Read more »

Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App
Financial It Youtube channel