In any case, I'm not going to trust any of these greedy doddering fools with my information. Their job ALREADY involves monitoring my credit.

Their job does not include notifying you of negative changes to your credit though.

Doesn’t Chase offer this for free?

If so, Chase pays a fee to one of the big three credit reporting agencies to monitor this. The fee is still paid to the ones that hold the data.

Doesn't almost anyone with a credit card have credit monitoring now?

My guess is they start asking people who already signed up for the $125 for the proof of their credit monitoring. The settlement agreement and the terms we agreed to when accepting the $125 allowed them to do this, and they would probably see the number of claims go down.

FWIW Credit Karma just sent out an email that they qualify as a credit monitoring service for this purpose.

I would guess the kind of person who is paying enough attention and was willing to spend the few minutes it takes to sign up for this settlement right away, is also using some kind of service like Credit Karma (or Mint might qualify now as well). So a lot of these people might actually have it covered.

I think even if people are covered, they may be counting on people finding it exhausting to jump through yet another hoop. Maybe they’ll even make us fax it :/

I have credit monitoring through Chase through my Saphire Reserve card. They gave it to me for "free" and I never asked for it. I have to wonder how many others are out there, like me, who are just getting it as a matter of course as an add-on to one of their accounts.