Is there a negative impact to subscribing to the CreditCheck® & ID Monitor program with USAA? It is the same as having a credit check? It is my understanding that checking your credit score often can drop your credit score.
Thank you for your question. Good news, pulling your own credit is considered a "soft pull" and will not impact your credit score. When a bank or other lending institution pulls your credit as part of a lending decision, this is considered a "hard pull" and will show up as an inquiry on your credit report. Hard inquiries can have a negative impact on your score, although it is typically minimal. You can read more about the difference between hard and soft inquiries at Experian.com.
CreditCheck® & ID Monitor is a great way to keep an eye on your credit reports and there are also several tools and resources to help you understand how to build and maintain good credit. Be sure to check out all three options available and let us know if you have any additional questions.