Cardmembers to See Key Factors that Affected Their FICO®
Score Directly on Discover Account Center
RIVERWOODS, Ill.--(BUSINESS WIRE)--Feb. 6, 2014--
Discover today announced the full rollout of free FICO®
Scores provided on the monthly statements of millions of Discover
cardmembers, following the pilot launch to Discover it cardmembers,
which occurred in November 2013. The FICO® Scores are based
on data from TransUnion®, a world leader in consumer credit information.
Discover is the first major credit card issuer to provide free FICO®
Scores directly to its cardmembers on their monthly statements.
“The response from Discover it cardmembers – who already receive free
FICO Scores on their monthly statements – has been overwhelmingly
positive, so we’re thrilled to extend this service to other Discover
cardmembers,” said Julie Loeger, senior vice president of brand and
acquisition at Discover. “Knowing their score can help our cardmembers
achieve their personal goals and better prepare to reach life’s many
In addition to providing free FICO® Scores to consumer
cardmembers, Discover is providing the two key factors explaining what
information from a person’s TransUnion credit report influenced his or
her particular FICO® Score. Understanding the key factors
that affect a FICO® Score, which can include payment history,
amount owed and length of credit history, can give consumers a better
understanding of how lenders are making credit decisions about them.
Cardmembers can view this information simply by logging on the Discover
“Beyond sharing the FICO Score itself, we’re now taking it one step
further by providing consumers with the specific reasons their score is
what it is,” Loeger continued. “A knowledgeable consumer is a powerful
one, and we’re happy to partner with FICO and TransUnion to
give consumers the information they need to make smart financial
In addition to Discover it cardmembers, qualified cardmembers who have
Discover More, Discover Open Road, Discover Motiva, Miles by Discover
and Escape by Discover cards will receive their free FICO®
Scores based on data from TransUnion directly on their monthly
statements, made available through the mail or on the secure Account
Center on Discover.com.
To learn more about free FICO® Scores offered by Discover on
monthly statements, please visit www.discover.com/FICO.
Discover Financial Services (NYSE: DFS) is a direct banking and payment
services company with one of the most recognized brands in U.S.
financial services. Since its inception in 1986, the company has become
one of the largest card issuers in the United States. The company issues
the Discover card, America’s cash rewards pioneer, and offers home
loans, private student loans, personal loans, home equity loans,
checking and savings accounts, certificates of deposit and money market
accounts through its direct banking business. It operates the Discover
Network, with millions of merchant and cash access locations; PULSE, one
of the nation’s leading ATM/debit networks; and Diners Club
International, a global payments network with acceptance in more than
185 countries and territories. For more information, visit www.discoverfinancial.com.
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Source: Discover Financial Services