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Wells Fargo's Free Credit Score Promo & Other Free Credit Score Options

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Wells Fargo is offering customers free access to their credit score and credit report through November 15, 2012. One important thing to note is that it's not the real FICO score. Nevertheless, like many other free credit scores that are available, it can give you an estimate about how you're doing with your credit. Even if you don't have plans to apply for a loan, your credit score can be important. A low credit score can result in higher auto insurance premiums. It can also cause you to be rejected when you apply for a bank account as explained in this post on Why Banks Check Your Credit Score for Deposit Account.

Wells Fargo described the details of its credit score offer in its news release:

From Oct. 1 through Nov. 15, 2012, all Wells Fargo consumer customers have complimentary, no-obligation access to their credit score and credit report. Customers can take part in this program by visiting a store and obtaining a unique access code from a Wells Fargo banker. Typically, if consumers wish to check their credit score, they either pay a flat fee or they sign up for a service such as credit monitoring or identity theft protection and pay a monthly fee.

According to San Francisco Chronicle, this is a custom version of the VantageScore. The VantageScore is used by some lenders, but the vast majority of lenders use the FICO score.

Free Credit Score Services

If you're already a Wells Fargo customer, this seems like a good deal. If you're not a Wells Fargo customer, you may want to consider other options to obtain your credit score.

If you have an American Express credit card, you can get a non-FICO score through their service called "My Credit Score & Report". This CreditCardForum post has more details.

There are several services that provide free non-FICO credit scores. One of the best is CreditKarma.com. Allan Roth provided a useful review of this service in this CBS MoneyWatch article. Some of the other services include CreditSesame.com and Quizzle.com.

Free Credit Score from Credit Unions

You can also get free credit scores from credit unions. Digital Credit Union is unique because it offers the FICO credit score. I first reported on this in 2010. One thing that appears to have changed is that to qualify for this free service members must have either the Checking Plus or Relationship Checking. Please refer to this DCU page for more details. Anyone can join DCU. I have more details about membership in my DCU credit score post.

Another credit union that offers its members free credit scores is Alliant Credit Union. However, it's the VantageScore instead of the FICO score. Refer to this Alliant page for more details. Like DCU, anyone can join Alliant Credit Union. I have more details in my Alliant Savings and Checking review.

Credit Report

Don't forget that you can get a free copy of your credit report once a year from each of the bureaus from AnnualCreditReport.com, the website setup by the government. However, this does not provide your credit score.


  Tags: Wells Fargo Bank

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Comments
5 Comments.
Comment #1 by AZ Cowboy (anonymous) posted on
AZ Cowboy
My question is: if I have WFB pull my credit report will points be deducted lowering my score...it has happened in the past that everytime a financial institute or a credit card co or prospective employee or landlord looks at your credit you get point deducted each time...will that happen here?

2
Comment #5 by free credit score (anonymous) posted on
free credit score
Your work is totally appreciative and informative.

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Comment #17 by Anonymous posted on
Anonymous
Ther'a an article online that says From March 1 – April 15, 2013, all Wells Fargo consumer customers have access to a free, no-obligation Experian custom VantageScore and a complimentary credit report. Customers of WFC must visit branch to get access code.

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Comment #25 by Jenn (anonymous) posted on
Jenn
I read that article on CBS Money Watch that you referenced half way down the page.  By now most people should already know that AnnualCreditReport.com is the best place to get you scores, if only once a year. CreditKarma.com and Quizzle aren't bad free options as well.  Som of the paid services, which bundle credit monitoring of some version in with the ability to access credit scores & reports on a daily/monthly basis have their merit.  I ended up signing up for the Identity Guard plan, even though I just wanted to have more regular access to my reports.  For $14.99 a month, it seems like a cheap way to get your score when you want AND have someone looking out for major issues with your credit reports.   Some people will probably disagree and think it's a waste of money.  I sleep better at night, so I'm happy to pay a few dollars per month for that.  Hope it was ok to post a link to that site.  I know some blogs don't allow it in the comments.  Thanks. 

Jenn P

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Comment #26 by Jerry (anonymous) posted on
Jerry
Brilliant! This is a really marvelous stuff for me. Must agree that you are one of the coolest blogger. I was curious to see a stuff like that. Fabulous post!

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