Costco Credit Monitoring – Review
Q: What do you think of the credit monitoring service from Costco? I almost signed up for it the other day but decided I should do some research first. Thanks
A: Costco credit monitoring is technically not their own. Rather, they are an authorized seller of a service called Identity Guard® which gives its subscribers a variety of benefits. Costco currently sells two different packages from them:
Identity Guard® Credit Protection
This plan includes the following benefits:
- 3-Bureau Credit Monitoring
- 3-Bureau Credit Score
- $20,000 Identity Theft Insurance
Costco charges $9.49 per month for this credit monitoring plan if you are a Gold Star or Business member. $7.49 per month for Executive members.
Identity Guard® Total Protection
According to their website the “key features” of this plan are:
- 3-Bureau Credit Monitoring
- 3-Bureau Credit Score
- Identity Monitoring
- Address Monitoring
- $1 Million Identity Theft Insurance*
The price for this credit monitoring plan is $11.49 per month for Costco Gold Star and Business members or $9.99 per month for Executive members.
Should you get it?
Their plans will suffice, but they would not be my first choice. For starters, the pricing for Costco credit monitoring is not very competitive. If they were discounted more heavily I would consider them more seriously, but based on their current pricing, I’ll pass.
Secondly, I personally wouldn’t consider them to be the leader in this industry. There are a couple other companies offering credit monitoring which are more reputable and respected in my personal opinion, not to mention their pricing is comparable. Although Costco is a good choice for many things, don’t just automatically assume their the best for this to. Consider all your options before making a decision.
Yes. Please name the other companies offering credit monitoring services at a comparable price which are more reputable and respected. I have looked at numerous credit monitoring companies and have not found one close in price to the $7.49 per month I pay for the Costco service.
This service is the biggest waste of money and time. Each time I try to log in to my account, my pin is not recognized and when I request a new pin, my very personal account information is unrecognized. They are REALLY GOOD about charging my credit card each month. No problems at all there! Don’t waste your $9.99 per month.
Could you identify the “couple other companies offering credit monitoring which are more reputable and respected in my personal opinion, not to mention their pricing is comparable”?
Thanks