- Centurion Member
- Posts: 4046
- Joined: Thu May 08, 2014 7:42 pm
- Location: United States
kdm31091 wrote:And you get to a point where you generally have the cards you want, you know your score is in a good range, you make your payments, etc. At that point, what's the need to monitor your score obsessively? I have no upcoming apps planned at all, be it credit or car loan or anything. I know my scores and I know they are not likely to suddenly dramatic change. I charge and make my payments. I have the myfico monitoring but I am definitely cancelling when the year ends. It's just not worth the money.
I know monitoring your scores can be important at certain points (rebuilding, upcoming apps) but in general, once you have what you need, it's a waste of time/effort/money IMO. Nothing wrong with occasionally checking but day to day monitoring for me is overkill. Discover provides me my TU monthly for free. That's good enough.
Once a person has a decent score, a few healthy accounts, and not too many accounts opening or closing, I agree that there's not much point in tracking the score often.
I've not gotten any of the paid credit monitoring services because the free, ad-supported ones with weekly updates are good enough, and so often issuers are slow to actually send the most recent information.
Very useful: SchwabPlat, CSP, IHG, Costco (was AA Plat), Freedom, SPG
Somewhat useful: Discover, ED (was EDP), BCE, Hyatt, Arrival
May close or PC: Prestige, BrooksBros
Might add: Proper business card, CSR, Ritz, Delta Gold, First Tech