What is the difference between hard and soft credit check?

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williamjames732
 
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What is the difference between hard and soft credit check?

Postby williamjames732 » Fri Apr 05, 2013 1:41 am

Hello,

I want to know what is the difference between getting a hard credit check and a soft credit check?

Thanks


nvtech
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Postby nvtech » Tue Apr 09, 2013 2:45 pm

Hard Credit Check = will be in your history for 2 years. Will impact your score. The more hard credit pulls you have, the more chance of getting your next credit declined.

Soft Credit Check= No impact at all. Go for as many as you want ;-)

selfmadetool
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Postby selfmadetool » Wed Apr 10, 2013 4:44 pm

In additional to the above reply, never expect a customer service representative to know the difference, and always expect a hard.
Bank of America: BankAmericard Cash Rewards ($10k); Accelerated Cash Rewards ($12k)
Chase: Freedom ($2.6k); Amazon.com Rewards ($5k)
American Express: Blue Card Everyday ($14k)
Citibank: Forward ($7k); ThankYou ($10.5k)
Discover: More ($14.5k)
Barclaycard US: Barclaycard Ring ($9.4k)
GECRB: Banana Republic ($4.5k); Amazon.com Store Card ($10k)
Comenity: J. Crew ($3.6k)

Vandalized2
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Postby Vandalized2 » Mon Apr 15, 2013 9:48 pm

Anything you talk to a Rep will come back hard unless it is a product upgrade already sitting there waiting to be offered to you or an APR reducal. CLI is always a hard hit no matter what even if its instantly approved and your credit increases instantly.

Here is how I look at it: If they have a standing offer waiting for you its soft
If you have to request it, ask for it, it is a hard

Vandalized2
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Postby Vandalized2 » Tue Apr 16, 2013 12:07 am


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Z06Biker
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Postby Z06Biker » Thu Apr 25, 2013 3:36 pm

Great link.

In my own personal experience, requests for CLI's don't unanimously hit you with a hard inquiry.

With Chase, Wells Fargo (Experian) and HSBC (Equifax), it was a hard pull.

With Barclays (TransUnion), it was only a soft pull.

With Amex (Experian), they needed only to look at my purchase and payment history before granting.

YMMV.
AMEX: PRG Gold, Business Simply Cash, Business Costco, BCE.
Chase: United MileagePlus Club, Sapphire Preferred, Amazon Rewards
Barclaycard Arrival World Mastercard
HSBC Cash or Fly World Mastercard
USAA World Mastercard, USAA Platinum Mastercard
Wells Fargo Business Platinum
USC Credit Union Mastercard



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