RIVERWOODS, Ill. — Discover Financial Services, the fourth largest card brand in the U.S. after Visa, MasterCard and American Express, has announced a deal with a part of the Experian credit reporting firm to offer its cardholders resources to monitor and understand their credit scores.
The company said that unlike most credit-related products that are bundled with additional offerings, the new product was specifically designed for score monitoring, alerting cardholders when their score changes and allowing them to set a target score and providing resources to help them understand the factors that may be influencing their score.
"Knowing your credit score makes a difference, and monitoring it allows consumers to make better financial decisions," said Vice President of Fee Product Marketing Karin Giffney at Discover Financial Services. "The Credit ScoreTracker is a great resource for cardmembers interested in building their credit score, achieving a specific score or those who simply want to know as much about their credit status as possible."
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