Is Target's free monitoring service good enough?

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PowerMan572
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Is Target's free monitoring service good enough?

Postby PowerMan572 » Tue Feb 11, 2014 10:55 am

I signed up for Target's 1 yr of free credit monitoring service since I'm a frequent shopper there. Now that I'm really determined to build my credit, I was approved for 3 cards last week, is this monitoring service good enough for me to monitor my credit couple times a month?

Target partnered up with ProtectMyID. I get 1 year free. After that, who should I go with to monitor my credit for a small monthly fee? I know if you sign up for FreeCreditScore you can get it for as little as $4.99 a month if you call and threaten to cancel. Any suggestions?


MemberSince 79
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Postby MemberSince 79 » Tue Feb 11, 2014 11:24 am

The Target service is really only good for new accounts opened in your name. As I understand it, they don't monitor your current accounts.

You still need to watch those on your own.
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PowerMan572
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Postby PowerMan572 » Tue Feb 11, 2014 11:26 am

Any recommendations to watch old accounts?

samhradh
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Postby samhradh » Tue Feb 11, 2014 1:21 pm

PowerMan572 wrote:Any recommendations to watch old accounts?


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Vattené
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Postby Vattené » Wed Feb 12, 2014 6:37 pm

MemberSince 79 wrote:The Target service is really only good for new accounts opened in your name. As I understand it, they don't monitor your current accounts.

You still need to watch those on your own.


Really? Odd, doesn't that kind of defeat the whole purpose of Target partnering with Experian to offer the service?* If the issue was a data breach, the real risk to Target customers is people using the existing accounts previously used at Target. Unless criminals could get enough information to open up new accounts...I just don't know enough about credit card fraud to know if that's a possibility.

*Or perhaps not. For Target, I'm sure the whole point is for PR and damage control.
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MemberSince 79
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Postby MemberSince 79 » Wed Feb 12, 2014 7:07 pm

You said it exactly. PR.
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And a few other cash back cards as well.

PowerMan572
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Postby PowerMan572 » Wed Feb 12, 2014 7:14 pm

Well I guess lucky for me I've been working on switching ALL my finances for 1 week now! LOL it's just a coincident, but I decided to switch my bank over to Ally, so I'm in the process of doing that.

Then I decided to apply for a Barclaycard for an upcoming trip in May. Got approved, so then I stumbled upon this site.. started investigating other cards and applied for 2 more and got approved.

So basically by early next week I'll have all new bank account info, credit card numbers, and all the old stuff will be shutdown/turned off. No, I'm not paranoid! Again, it just kind of was a coincident. I wasn't planning on switching banks, but one thing lead to another :ppp

So I guess the Target monitoring will be good enough for me, because if it's monitoring only new accounts..... all my old stuff is shutdown, or will be by early next week.



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