5 Facts: Capital One® Credit Tracker (Now CreditWise from Capital One)

5 Facts: Capital One® Credit Tracker (Now CreditWise from Capital One)

credit card advice

Mike Randall
By: Mike Randall
Posted: November 30, 2016
Opinions expressed here are ours alone, and are not provided, endorsed, or approved by any issuer. Site may be compensated through the issuer affiliate programs.

Capital One is one of the largest and most respected credit card issuers in North America, with more than 63 million active card accounts. In addition to offering a wide variety of credit card choices for consumers, Capital One also provides credit tracking and free access to credit scores through its popular Credit Tracker tool.

Since 2014, Capital One’s Credit Tracker has helped American consumers view and track their credit score whenever they want. Now, the next generation of anytime credit score tracking has arrived, and here’s what you need to know.

1. Credit Tracker was Rebranded to Capital One CreditWise in Early 2016

The popularity of Credit Tracker meant that millions of consumers were taking advantage of the opportunity to better understand their credit profile. However, Capital One decided to improve on this service by introducing new features and tools.

In early 2016, Credit Tracker was rebranded as Capital One CreditWise and now includes even more useful and informative features. In addition, CreditWise is now available as a mobile app for both Apple and Android devices, so now you can take your credit monitoring tools with you wherever you go.

2. CreditWise is Free & Includes a TransUnion VantageScore

Perhaps the biggest advantage to the new Capital One CreditWise tool is that anyone can use it for free, whether or not you have a Capital One credit card. And once you sign up, CreditWise allows unlimited access to your TransUnion VantageScore 3.0 credit score.

Now, the all-new CreditWise tool allows more consumers to monitor and understand their credit profile, and to learn how certain financial actions can impact their score. You’ll also get a weekly update of your Vantage credit score sent to your computer or mobile device — all for free.

3. Capital One Offers Cards Tailored to Your Credit Profile

As one of the largest credit card issuers in America, Capital One is able to meet the needs of consumers, no matter what their credit history looks like. From full-featured cards for those with excellent credit, to special cards to help establish or rebuild a credit history, there’s a Capital One card to fit just about any need. Here are some of the many credit card offers available to consumers right now.

Good-to-Excellent Credit (700+ Credit Score)

For those with good-to-excellent credit, Capital One offers some of the best programs of any credit card available. With features that offer unlimited cash-back bonuses, travel rewards, double points, low APR rates and more, these top-tier Capital One credit cards are designed to reward consumers who have maintained a superior credit score.

Capital One credit cards for good-to-excellent credit are especially suited for small business owners, frequent travelers, and those who use their cards for major purchases.

  • Earning unlimited 2% cash back could mean thousands of dollars each year going back into your business
  • Plus, a one-time $500 cash bonus once you spend $4,500 on purchases within 3 months of approval
  • Use Spark Cash across all your business spend, with no categories to limit your purchasing
  • $0 intro annual fee for the first year; $59 after that
  • Rewards don't expire, and you can redeem your cash back for any amount, anytime
  • Get employee cards at no additional cost, and earn rewards from their business spend
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
N/A
N/A
17.24% (Variable)
$0 intro for first year; $59 after that
Excellent, Good Credit

EXPERT'S RATING

★★★★★
4.9

OVERALL RATING

4.8/5.0
  • Enjoy a one-time bonus of 40,000 miles once you spend $3,000 on purchases within 3 months of approval, equal to $400 in travel
  • Earn unlimited 2X miles per dollar on every purchase, every day
  • Fly any airline, stay at any hotel, anytime
  • Travel when you want with no blackout dates
  • Miles don't expire and there’s no limit to how many you can earn
  • No foreign transaction fees
  • $0 intro annual fee for the first year; $59 after that
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
N/A
N/A
13.24% - 23.24% (Variable)
$0 intro for first year; $59 after that
Excellent, Good Credit

EXPERT'S RATING

★★★★★
4.9

OVERALL RATING

4.9/5.0
  • Enjoy a one-time bonus of 20,000 miles once you spend $1,000 on purchases within 3 months of approval, equal to $200 in travel
  • Earn unlimited 1.25 miles per dollar on every purchase, every day and pay no annual fee
  • Fly any airline, stay at any hotel, anytime
  • Enjoy a low intro APR on purchases for 12 months; 12.24%-22.24% variable APR after that
  • Travel when you want with no blackout dates
  • No foreign transaction fees
  • Miles don’t expire and there’s no limit to how many you can earn
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
0% for 12 months
N/A
12.24% - 22.24% (Variable)
$0
Excellent, Good Credit

+See more cards for good-to-excellent credit

Fair Credit (650 – 700)

Consumers with only fair credit — typically in the 600-range of FICO scores — can still get a Capital One credit card with great benefits. Many of the credit cards for fair credit come with a slightly higher APR, but still have a lot of the same rewards and programs as the top-tier cards. These can include cash-back bonuses, travel rewards, airline miles and zero annual fees. These Capital One credit cards are easier to qualify for, and still provide the benefits of a high-quality credit card.

FAIR CREDIT RATING

★★★★★
4.9

OVERALL RATING

4.5/5.0
  • Earn unlimited 1.5% cash back on every purchase, every day
  • No rotating categories or sign ups needed to earn cash rewards; plus, cash back doesn’t expire and there’s no limit to how much you can earn
  • Get access to a higher credit line after making your first 5 monthly payments on time
  • Fraud coverage if your card is ever lost or stolen
  • Use online banking to access your account, even from your smartphone, with our mobile app
  • Help strengthen your credit for the future with responsible card use
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
N/A
N/A
24.99% (Variable)
$39
Average, Fair, Limited Credit

FAIR CREDIT RATING

★★★★★
4.5

OVERALL RATING

4.5/5.0
  • Enjoy no annual fee
  • Earn 1% cash back on every purchase, every day
  • Build business credit with responsible use
  • Fraud coverage if your card is ever lost or stolen
  • No foreign transaction fees
  • Enjoy business benefits including Year-End Summaries, employee cards at no extra cost, and experienced small business customer service
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
N/A
N/A
23.24% (Variable)
$0
Average, Fair, Limited Credit

+See more cards for fair credit 

Bad Credit (<650)

Qualifying for a credit card can be challenging for people with bad credit. Luckily, Capital One has programs that are designed to help folks rebuild their credit, while providing the benefits of a secured credit card. A secured credit card requires an amount be deposited in an account, and a credit card is then issued with a matching credit line. This is a great way to begin rebuilding your credit score since Capital One reports your usage and payments to the major credit bureaus.

BAD CREDIT RATING

★★★★★
4.5

OVERALL RATING

4.0/5.0
  • No annual fee, and all the credit building benefits with responsible card use
  • Unlike a prepaid card, it builds credit when used responsibly, with regular reporting to the 3 major credit bureaus
  • You will get an initial $200 credit line after making a security deposit of $49, $99, or $200, determined based on your creditworthiness
  • Get access to a higher credit line after making your first 5 monthly payments on time with no additional deposit needed
  • Easily manage your account 24/7 with online access, by phone or using our mobile app
  • It’s a credit card accepted at millions of locations worldwide
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
N/A
N/A
24.99% (Variable)
$0
Limited, Bad Credit

+See more cards for bad credit

No or Limited Credit

Many banks and card issuers won’t offer you a credit card if you have little or no credit history. Capital One, however, has credit card programs designed just for you. Students and those just starting out on their credit journey will appreciate the flexibility and easy application process with these Capital One cards.

And by making your payments on time for a set period, many cards in this category will reward you with a higher credit line, or with a lower APR.

NO/LIMITED CREDIT RATING

★★★★★
4.5

OVERALL RATING

4.2/5.0
  • Earn 1% cash back on all your purchases. Pay on time to boost your cash back to a total of 1.25% for that month
  • There’s no limit to the amount of cash back you can earn, and rewards don't expire
  • Get access to a higher credit line after making your first 5 monthly payments on time
  • Pay no annual or foreign transaction fees
  • Fraud coverage if your card is lost or stolen
  • Pick the monthly due date that works best for you
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
N/A
N/A
20.24% (Variable)
$0
Average, Fair, Limited Credit

NO/LIMITED CREDIT RATING

★★★★★
4.8

OVERALL RATING

3.8/5.0
  • Pay no annual fee
  • Get access to a higher credit line after making your first 5 monthly payments on time
  • Fraud coverage if your card is lost or stolen
  • Use online banking to access your account, even from your smartphone, with our mobile app
  • Pay by check, online or at a local branch, all with no fee - and pick the monthly due date that works best for you
  • Get access to your account 24 hours a day, 7 days a week
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
N/A
N/A
24.99% (Variable)
$0
Average, Fair, Limited Credit

+See more cards for no or limited credit

4. Credit Report Details & Tools Help You Manage Your Credit

CreditWise from Capital One also lets you view the details and receive weekly updates on your TransUnion credit score. It will send a notification when there’s a change or update to your credit score, and allows you to access your credit information with no negative impact to your score. It will give you a detailed list of both open and closed lines of credit, along with balance details for each account. Finally, CreditWise lets you manage your credit using a unique credit simulator that shows you the potential impact of certain credit decisions you may be contemplating.

5. Your Information is Updated Weekly

Many credit score tools and services provide monthly updates to your credit information. With Capital One’s CreditWise tool, you get weekly updates about your credit status. This is especially helpful if you are in the process of applying for a mortgage or a large loan, and need to carefully monitor your credit events. And keep in mind, CreditWise is a free tool that can send all information to your mobile device, making it an indispensable service for many.

Sign Up for CreditWise to Better Understand Your Credit

With all the benefits of CreditWise from Capital One, you owe it to yourself to sign up for this free service. Regardless of whether you are a Capital One cardholder, the benefits of CreditWise make this a great financial management tool for understanding your credit.

Of course, choosing to open a Capital One credit card can also make a lot of sense — and CreditWise can help you manage that account as well.