The following guest post was written by Caitlyn Ramey, Director of Marketing at First Bankcard, a division of First National Bank of Omaha
Even if you’re not a child of the 1970’s, you may still remember the Life cereal commercial where Mikey’s siblings get him to try what they deem to be a boring cereal that’s supposed to be good for you (so of course they don’t want to try it). They foist it off on little Mikey and are incredulous when he digs in and Mikey likes it! A kid eating healthy cereal; who would’ve thought?!
Well, now we all know what’s good for us, right? Eating fruits and veggies, exercising, getting enough sleep, supportive friendships, etcetera, etcetera. Those of us in the financial services industry would say that your credit health is also very important, but how do you know if your credit is in good shape? It’s not as though you see it getting thick around the middle and decide it’s time to hit the gym.
At First Bankcard, we decided that we needed to give our credit cardholders the advantage of knowing their general credit health by giving them access to their FICO® 8 Bankcard Score for free (through FICO® Score Open Access). It’s the credit score we use to help manage their account, and it’s a good indicator our cardholders can use to generally understand their credit health. We believe our customers can benefit from knowing their FICO® Score – it can be a healthy part of their financial fitness.
Even though we know it’s smart for our cardholders to monitor their FICO® Score, we’ve been wondering if they think so too. So, in keeping with our First Bankcard philosophy around open communication with our cardholders, we simply asked. Crazy idea, I know. Take a peek at the results:
Getting their FICO® Score is a great way for consumers to help keep tabs on their credit health, so we were excited to see that it seems our cardholders know what’s good for them. They like it!
Read Caitlyn's previous blog post: Do Consumers Actually Care About Their Credit Scores?