Last updated on April 14th, 2023
American Express now offers credit-conscious consumers the chance to monitor their credit through their new Score Goals tool. Here’s what you need to know about the new Score Goals tool from Amex, and whether it’s worth signing up.
What is Amex Score Goals?
American Express’s new Score Goals tool is part of its MyCredit Guide. The new tool is a “brand new way to help you achieve your credit score goals,” according to the card issuer. So, how does Score Goals work?
Users first create an account with American Exprss MyCredit Guide. This service is available to both current Amex cardholders and non-cardholders. Signing up for MyCredit Guide requires your personal information, including your Social Security Number (SSN).
- Choose your credit score goal.
- Receive personalized recommendations to help you reach your set credit goals.
- Track your progress with every login.
Amex states that the recommendations from Score Goals are crafted based upon the “paths millions of others actually took to reach their credit goals.”
Related Article: What’s the Fastest Way to Repair Bad Credit?
How Does Score Goals Compare to Other Credit Monitoring Services?
There are countless credit monitoring tools on the market today besides Score Goals. Some of the most popular options include CreditWise from Capital One, Credit Karma, and MyFICO.
These services all offer many of the same features, including:
- Free credit score access.
- Credit score simulators.
- Free credit report access once per year
Essentially, the new Score Goals tool from Amex is just another example of an already crowded marketplace. For those who are looking for more advice on repairing their credit score, however, it offers value.
American Express credit cards are notoriously difficult to receive because they usually require an excellent – or very good – credit score (also known as a super-prime credit score). The easiest Amex card to get is the Credit One American Express Card. This card, however, also requires a good credit score. Having a credit repair tool from Amex is a great way to gauge your score’s improvement – especially if a premium card, like the Amex Green Card, is a long-term goal.
Related Article: Can You Raise Your Credit Score 100 Points In a Month?