What Is An Updated Tradeline Credit Alert

The Story Behind the Recent JPMCB Credit Monitoring Alerts

Final updated: Feb 12, 2022

If y'all have an army of credit cards (like I do) and you use credit monitoring services (like I do), at that place is a good chance that y'all've seen a barrage of mysterious credit monitoring alerts over the past calendar month.

For example, I got this alert from Credit Karma:

Co-ordinate to your TransUnion credit report, someone added you every bit an authorized user for their JPMCB Carte credit card.¹

Accounts that you're an authorized user on tin can affect your credit score just like a normal account, so you'll desire to make sure you trust the primary user of this menu.

Bank check in today to see the details of this new account.

Hmm… that'south odd. I had not, to my cognition, been added as an authorized user on any credit card recently. And then I put the alert on my to-exercise list to look into further, as any unexplained credit monitoring alert is something that should be followed up on – especially in light of the massive Equifax hack. To make things even more concerning, Mrs. 20SF got the exact same alert on the exact same 24-hour interval.

Had nosotros somehow had our identities hacked?

A few days later on, I got a new "paid tradeline" alert from another free credit monitoring service, Credit Sesame:

You lot accept a Paid Tradeline alert from TransUnion.

I noticed that this 1 besides mentioned a "JPMCB CARD". I surmised that "JPMCB" = JP Morgan Chase Banking concern. And so, I decided that I should give Chase a call to see if anyone had opened new cards in our names.

The Chase representative told me that we can ignore the alerts, as they were likely triggered past a recent renaming from "Chase Bank" to "JP Morgan Chase Bank".

Finally, I started receiving revised user agreement emails from Hunt that confirmed what nosotros were told by the Hunt representative, equally the emails started out with the following language,

Find: Your Cardmember Agreement and associated Rewards Program Agreement (if whatsoever) were assigned to JPMorgan Chase Bank, Due north.A., every bit successor past merger to Chase Bank USA, North.A., on 05/18/2019. Furthermore, start 05/18/2019 all references to Chase Bank United states, North.A. in your Guide to Benefits and any additional account agreements and documents shall be read as JPMorgan Chase Banking concern, N.A.

Looking into both my Credit Karma and Credit Sesame business relationship histories further, information technology appears that no new accounts were created with the Chase name change (this is adept – as new accounts outcome in a "hard credit research", equally opening or closing a credit card tin can impact your credit score), and all full account histories for each card are now displayed under "JPMCB Card Services", example below.

Putting everything together, my take on what happened is:

Chase officially renamed itself from "Chase Bank Us" to "JPMorgan Chase Banking company".
This renaming set up off simulated alarms and automated alerts with credit monitoring services similar Credit Karma and Credit Sesame.
No new accounts were created, so in that location is no impact on your credit score.

Nothing to worry nigh.

I retrieve this trivial saga – and a seemingly weekly update of yet another hack – serve as important reminders that we should all be using gratuitous credit monitoring services that can alert us of suspicious activity.

Too – if you experience like you have legitimately become a victim of identity theft, as of 2018, gratuitous credit freezes (and thaws) are now available to all Americans.

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