Having good credit is part of the American dream. Whether you’ve maintained a high credit score or your score leaves a bit to be desired, you can use technology to help manage and even improve your credit.
Managing Your Credit Online
From websites to apps to online financial educational resources, your options are endless. Here are eight useful apps you can use when managing your credit.
Best Reward Federal Credit Union Mobile Banking App
At Best Reward Federal Credit Union, we offer a free mobile banking app with the ability to:
View Account Balances & Transaction History
Mobile Deposit* - Deposit Drafts/Checks Using Your Mobile Device
Pay Your Bills (Online Bill Pay)
Pay Other People (Popmoney®) * - Pay a Friend, Relative, Anyone - Anytime, Anywhere Using an Email Address or Mobile Phone Number.
Account-to-Account (A2A) Transfers* - Transfer Funds Between Best Reward Federal Credit Union and Other U.S. Financial Institutions.
And Best Reward Federal Credit Union we can help members access their free credit report from all three credit bureaus annually at www.annualcreditreport.com.
Credit Karma is known for giving users free access to their credit score and history. The Credit Karma app allows you to get credit monitoring updates so you know when there are changes to your report. You also receive personalized recommendations to help improve your credit score.
Other Helpful Features Include:
• Updates About When Your Information is Included in a Data Breach
• Access to a State Database to Find Unclaimed Money
• Access to Credit Karma Tax to File Your Taxes for Free
Credit Sesame is similar to Credit Karma in that it enables you to monitor your credit score and receive personalized recommendations to improve your credit. You get free monthly credit checks including:
Your Credit Report
A Personalized Credit Strategy
Timely Credit Alerts and Monitoring
Recommendations for Credit Cards and Other Financing Options
ID Theft Protection up to $50,000
Price: Free with In-App Offers to Purchase
Mint is a free app for money management and tracking your finances that combines your financial institution accounts, credit cards, bills, and investments in one place. It provides you with personalized money saving tips that highlight where your money is going so you can make the best financial choices. With the Mint app, you also get free credit score monitoring along with fraud and identity alerts. Mint gives you a comprehensive look at your finances to help you secure a stable financial future.
You Need A Budget
You Need A Budget, also referred to as YNAB helps you get out of debt, save money, and end the paycheck-to-paycheck cycle. When you download the YNAB app, you can connect all of your banking apps, use tools to pay down your debt, create a goal tracking sheet, get detailed spending reports, and more. While you might download YNAB because you need a budget, you’ll walk away with much more.
Price: Free for 30 Days Then $6.99/Month
Digit offers a new way to save by analyzing your spending and income to move the ideal amount of money from your bank account to a separate savings account. Your savings are held in an FDIC-insured account, and you earn 1% annually with this account. Use your Digit savings to create an emergency nest egg, put aside money to pay off debt, or just to have some extra cash.
Price: Free for 30 Days Then $2.99/Month
NerdWallet is a leader in personal finance. The app allows you to maximize your credit card rewards, earn extra cash back, track your credit score, and make budgeting easier. It’s a one-stop-shop for improving your finances. The personalized spending insight can help you identify where your money is going and find extra cash that you can use towards meeting your financial goals.
myFICO is the official FICO credit monitoring app which provides you with your FICO score. You can use the app to view your full credit report from the three major credit bureaus and monitor your scores.
The myFICO App Includes:
Credit History Insights
A FICO Score Simulator
Credit and Identity Alerts
FICO Score History Graph
Educational Content on Credit Management
Mortgage and Auto Loan Rate Forecasts Based on Your Score
Price: Requires a Paid Credit Monitoring Service That Starts at $19.95/Month
Financial Control & Managing Your Credit
To achieve your financial goals, you have to take control of your finances. Using available technology is a great step in managing your credit. Whether you use one of the apps listed above, one you discover on your own, or find another method that works best for you, the most important thing to remember is that your financial health can open or close doors for your life and your future.
Read more financial tips or learn more about Best Reward Federal Credit Union.