Capital One Offers Credit Education Tool

Capital One has launched a new tool to help its student cardholders learn about credit. The tool, called Journey Credit Tracker, is an interactive online credit education tool powered by Credit Karma.

People who use the company's Journey Student Rewards Card not only have free access to their TransUnion credit score through the Journey Credit Tracker, but they can also use it to learn about and keep an eye on factors that impact their credit score. The tool also includes an interactive simulator that enables cardholders to find out how certain financial actions can impact their credit score, as well as educational resources including credit facts, tips and quizzes.

[Click here to read about banks' latest personal financial management offerings.]

"The Journey card was custom designed for students to help them familiarize themselves with how credit works and build a strong credit history responsibly," said Mike Wassmer, EVP of U.S. Cards at Capital One, in a statement. "We want to equip our student cardholders with information and tools to help them make good financial choices, and the Journey Credit Tracker will allow students to understand the impact of their financial choices and track their progress on the path to building a strong credit foundation and a bright financial future."