Does being enrolled in a Credit Monitoring service get you more easily approved for credit cards?

I am offered this service for free for one year through my job, and i would like to know if being enrolled in a Credit Monitoring service which includes total protection from identity theft, can improve your chances when applying for credit cards and loans.

Or is it simply just good for protecting you from fraudelent charges?

I need to know which site/programe is the best for credit monitoring. Such things like freecreditreport.com, credit lock, credit keeper. Which ones do you recomend and think are the best to use? All advice welcomed.
Thank you,
PVT Watts, Christopher US Army

For example I can go via Costco pay a little more and have all three monitored or go to a financial instituion pay several dollars less but only monitor one of the three credit agencies.
I guess it all depends on how important it is for me and 24 dollars or so more a year… Also – has anyone used Costco credit monitoring system? If so is it good?

I would like one that sends alerts for all 3 credit bureaus.

Thanks for any info.