Amex launches credit score management tool


If you want to not only track your credit score, but also find ways to improve it, American Express may have the product for you.

On Tuesday August 11, Amex launched Score Goals, an online platform that augments and extends the credit score tool established by the card company, MyCredit Guide.

The new offering, which is available to consumers whether or not they own an American Express card, “includes a range of information and tools to help them better understand their credit score and plan for it. the future, ”the company said in a press release.

Kunal Madhok, vice president and head of product and acquisitions for U.S. consumer cards at American Express, said that as the company rolls out its new credit management tool, it recognizes the new financial challenges facing many. consumers are facing in the midst of the pandemic.

“We know that many consumers are particularly focused on their financial health during this time,” Madhok said in a press release. “As we continue to innovate to provide consumers with new tools and resources that meet their financial needs, we launched Score Goals to help consumers manage and meet their credit score goals big and small.”

Amex and its new Score Goals product build on its existing MyCredit Guide platform, which updates customers weekly on credit scores using a VantageScore® credit score from TransUnion.

Score Goals offers “personalized recommendations to help achieve a desired credit score over a period of time,” drawing on TransUnion’s credit report data and “the actual credit experiences of millions of people,” noted American Express in a press release.

Consumers interested in the new credit score management tool can open an account free of charge through the MyCredit Guide.

After viewing their credit score, consumers can enter their desired credit score and in turn receive recommendations on how to achieve that goal, according to American Express.


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