American Express has launched American Express MyCredit Guide, a new free credit score reporting tool for consumers. This new tool is available to all, American Express Card Members and non-members alike.

American Express MyCredit Guide offers a simple and easy way to manage and keep track of your credit score. This new tool provides helpful financial resources including:

• VantageScore 3.0 by TransUnion
• Access to detailed TransUnion credit reports updated weekly upon login at no cost.
• Email alerts about critical changes to credit information to help identify potential fraud
• Credit score simulator, which shows how different financial decisions can potentially impact credit score

MyCredit Guide enrollees may also receive prequalified offers and promotions for American Express products. There’s no details on what these offers will be, but hopefully we see something worthwhile, maybe even increased credit card offers.