From one of Canada's official credit bureaus comes TransUnion Credit Monitoring, a subscription service that provides unlimited access to your credit score, report, and many other valuable features.
If you'd like to invest resources to improve your credit score, are concerned about identity theft, or simply prefer to keep a close eye on your financial reputation, TransUnion Credit Monitoring can be an excellent tool. With so many other credit monitoring services, though, you'll want to carefully weigh the pros and cons before committing to this subscription.
TransUnion credit monitoring features
So, what do you get with TransUnion’s credit monitoring service?
Why You Want It
Up to $50,000 of ID theft insurance + Automatic email alerts.
Special Features
- Personalized credit and debt analysis
- Information is right from the bureau itself
- Up to $50,000 ID Theft Insurance
- Unlimited updates that you can check at any time
Eligibility
- Canadian citizen
- Age of majority
Provinces
ALL
Features
Monthly Fee
$24.95
Which Credit Bureau?
Transunion
Credit Score Access?
Credit Report Access?
Update Frequency
Unlimited
Mobile App
TransUnion Credit Monitoring product rating: 1.6 stars
The TransUnion Credit Monitoring service is a reliable way to keep on top of your credit score and report – you're getting the information straight from TransUnion, with no middleman. This fact alone makes this product extremely valuable.
Still, it can be tough to justify spending $24.95 per month when there are many free credit report options available. TransUnion Credit Monitoring has many valuable features that the freebies don't include, making it a tough call for anyone concerned about their credit report who's on a strict budget.
Rating methodology
To calculate our Genius Ratings, we compare the features of the account or product in question with other similar products in Canada. We give each feature a score out of 5 based on that comparison. Once we’ve rated all the features, we run them through our proprietary algorithm to produce a final rating out of 5.
Learn more about our rating methodology.
The pros of TransUnion credit monitoring
Let’s see what there is to love about this service.
Pros
Credit information straight from the source
Getting an accurate credit score is invaluable, and the best source for it is directly from one of Canada's 2 national credit bureaus – enter, TransUnion. It's important to note that the credit score you view is generated using various credit scoring models available to companies, which means your score from TransUnion might vary slightly from what a lender sees.
Personalised debt and credit analysis
Since TransUnion knows your credit score and report inside and out, they have a good foundation to build personalized analysis of your situation and tips to help you improve it.
Receive email alerts
If there's a key change in your credit report, TransUnion will let you know through an email alert. This means you don't necessarily have to check in on your report every day as you'll be kept up-to-date on any major changes that could indicate identity theft or any other issues.
$1 million expense reimbursement insurance
If you do fall victim to identity fraud, your TransUnion Credit Monitoringsubscription provides you with $1 million worth of reimbursements. This is on top of the $50,000 worth of ID theft insurance subscribers are entitled to, so you shouldn't have any problem recovering costs related to recovering credit and/or related expenses.
The cons of TransUnion credit monitoring
But here are a few cons to keep in mind as well.
Cons
High subscription fee
The major downside to this service is you'll be paying $24.95 every month you're subscribed. If you keep that for a whole year, that means $299.40 coming out of your pocket. With free alternatives at your disposal, this fee can be hard to justify for most people.
No mobile app
This is a confusing detail because if you search in the app store for TransUnion on either an Apple or Android device, you'll see an app listed there, maybe even more than one. These mobile apps aren't available in Canada, though, which is very disappointing. Accessing TransUnion Credit Monitoring via an app would make it that much more convenient and valuable.
Poor customer service
Most of the FAQs on TransUnion's site are focused on credit-related inquiries in general, not on its own products and/or services. The chatbot isn't particularly helpful either. There is a customer service phone number to try, but when we tried to reach out this way, we were misdirected and hung up on more than once.
TransUnion Credit Monitoring alternatives
How does TransUnion Credit Monitoring stack up against its competitors? Here's a side-by-side comparison with a few similar products: |  |  | |
|---|---|---|---|
| Account | Equifax Complete Premier | Credit Karma Credit Monitoring | KOHO Credit Building |
| Genius Rating | |||
| Why You Want It | Up to $1 million in ID theft insurance + Daily credit score updates. | Completely free to use + Monitors score from Transunion. | Build your credit for only $10/month + Keep tabs on your progress. |
| Monthly Fee | $24.95 | $0 | $10 |
| Which Credit Bureau? | Equifax | See Issuer for Details | Equifax |
| Credit Score Access? | | | |
| Credit Report Access? | | | |
| Update Frequency | Daily | Weekly | Monthly |
Show More | |||
| Apply Now See more Equifax products Compare | Learn More See more Credit Karma products Compare | Apply Now See more KOHO products Compare |
FAQ
What is TransUnion Credit Monitoring?
TransUnion Credit Monitoring is a subscription service that provides unlimited access to your credit score and report for $24.95/month. You'll also get a personalised credit and debt analysis and up to $50,000 of identity theft protection insurance.
Can I get my TransUnion Credit Monitoring and report for free?
The TransUnion Credit Monitoring subscription isn't free, but you have free access to your TransUnion Consumer Disclosure, which includes all the information on your credit report. Unfortunately, this report doesn't include your credit score (unless you live in Quebec).
How much does TransUnion Credit Monitoring cost?
The TransUnion Credit Monitoring subscription service is $24.95 per month. This means you have unlimited access to your credit score – which is updated daily – as well as Personalised debt and credit analysis, ID theft insurance, and more.
Editorial Disclaimer: The content here reflects the author's opinion alone, and is not endorsed or sponsored by a bank, credit card issuer, rewards program or other entity. For complete and updated product information please visit the product issuer's website.
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