Banks that do an HP for a CLI request

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To My Credit
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Banks that do an HP for a CLI request

Postby To My Credit » Thu Jun 16, 2016 6:14 pm

What are the banks that do an HP when you request for a CLI? Generally, anyway. I know that Bank of America does an HP every time and that Discover does an SP most of the time, but what about Chase and American Express?

1. Chase - HP, every time (update)
2. Bank of America - HP, every time
3. American Express - SP, usually (update)
4. Discover - SP, usually
5. Citi - SP or HP, depends, and is kind of like Discover (update)
Last edited by To My Credit on Thu Jun 16, 2016 11:52 pm, edited 2 times in total.
Current cards: BankAmericard CR, BankAmericard BBR, Citi Double Cash, Chase Freedom, AmEx BCE, Discover It
Wishlist: US Bank Cash+


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CarefulBuilder14
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Re: Banks that do an HP for a CLI request

Postby CarefulBuilder14 » Thu Jun 16, 2016 7:00 pm

To My Credit wrote:What are the banks that do an HP when you request for a CLI? Generally, anyway. I know that Bank of America does an HP every time and that Discover does an SP most of the time, but what about Chase and American Express?

1. Chase - ???
2. Bank of America - HP, every time
3. American Express - ???
4. Discover - SP, most times
5. Citi - ???

Amex is usually SP...not sure about "always".
Chase is HP...even when you have a $600 CL and $10k+ in deposits. :beat:

At least that inquiry falls off in a few weeks, and Discover pays more in interest.
Very useful: SchwabPlat, CSP, IHG, Costco (was AA Plat), Freedom, SPG, Prestige (retention)
Somewhat useful: Discover, ED (was EDP), BCE, Hyatt
SD with activity alerts, might close: Arrival

Might add: Proper business card, CSR, Ritz, Delta Gold, First Tech, BofA Travel PH, Aviator Red

To My Credit
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Re: Banks that do an HP for a CLI request

Postby To My Credit » Thu Jun 16, 2016 7:07 pm

CarefulBuilder14 wrote:Amex is usually SP...not sure about "always".
Chase is HP...even when you have a $600 CL and $10k+ in deposits.

At least that inquiry falls off in a few weeks, and Discover pays more in interest.
Not sure I understand this part. Which inquiry falls off in a few weeks, and why?
Current cards: BankAmericard CR, BankAmericard BBR, Citi Double Cash, Chase Freedom, AmEx BCE, Discover It
Wishlist: US Bank Cash+

JonE
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Re: Banks that do an HP for a CLI request

Postby JonE » Thu Jun 16, 2016 7:07 pm

I believe Chase is always a hard pull unless they do it themselves. Even then you'd stand a better chance of seeing Bigfoot riding a unicorn through Atlantis.
Wallet: Chase Freedom, Discover IT
Chopping Block: Synchrony
Future: TBD

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CarefulBuilder14
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Re: Banks that do an HP for a CLI request

Postby CarefulBuilder14 » Thu Jun 16, 2016 7:26 pm

To My Credit wrote:
CarefulBuilder14 wrote:Amex is usually SP...not sure about "always".
Chase is HP...even when you have a $600 CL and $10k+ in deposits.

At least that inquiry falls off in a few weeks, and Discover pays more in interest.
Not sure I understand this part. Which inquiry falls off in a few weeks, and why?

Back when I had about 8 months of credit history, my only cards were:
1. $600 Freedom (Visa)
2. A Discover
3. An Amex
No MC

As such, if a merchant only took Visa and MC, my spending power was limited to $600. Not very convenient.

I was a checking/savings customer with something like $10k there. I called Chase and tried to persuade the CSR that a customer with 8 months of Freedom history, no baddies, and $10k in deposits should reasonably be allowed a CL greater than $600 with no HP.

No such luck. A few weeks later, I had a larger purchase looming and decided to take the inquiries (EX and TU) and request a new CL of $3k. I got a new CL of $2k. 6 months later I got a CSP and moved some CL over from that.

My comment was mostly about the EX inquiry. Most of my inquiries are on EX, so I especially like it when those die off. TU and EQ have very few, and I don't really care about those.

Most of my cash I now have in a Discover savings account, which pays more interest than I earned at Chase.
Very useful: SchwabPlat, CSP, IHG, Costco (was AA Plat), Freedom, SPG, Prestige (retention)
Somewhat useful: Discover, ED (was EDP), BCE, Hyatt
SD with activity alerts, might close: Arrival

Might add: Proper business card, CSR, Ritz, Delta Gold, First Tech, BofA Travel PH, Aviator Red

To My Credit
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Re: Banks that do an HP for a CLI request

Postby To My Credit » Thu Jun 16, 2016 8:12 pm

CarefulBuilder14 wrote:Back when I had about 8 months of credit history, my only cards were:
1. $600 Freedom (Visa)
2. A Discover
3. An Amex
No MC

As such, if a merchant only took Visa and MC, my spending power was limited to $600. Not very convenient.

I was a checking/savings customer with something like $10k there. I called Chase and tried to persuade the CSR that a customer with 8 months of Freedom history, no baddies, and $10k in deposits should reasonably be allowed a CL greater than $600 with no HP.

No such luck. A few weeks later, I had a larger purchase looming and decided to take the inquiries (EX and TU) and request a new CL of $3k. I got a new CL of $2k. 6 months later I got a CSP and moved some CL over from that.

My comment was mostly about the EX inquiry. Most of my inquiries are on EX, so I especially like it when those die off. TU and EQ have very few, and I don't really care about those.

Most of my cash I now have in a Discover savings account, which pays more interest than I earned at Chase.

Got it. So the HP from the Freedom CLI will fall off a few weeks from now. I thought you meant there was a different kind of inquiry that only lasted a few weeks on credit reports.

On a related note, I got a SL of $1000 on my BoA CR despite being a customer with them for 4 years and having around $10K in deposits with them. After two subsequent HPs (I didn't know anything about HPs when I requested those), my CL became $4500. After I was approved for my BBR for $3000, I moved $500 of it to my CR for an even $5000. I'd move more, because all I need is a CL of $10 on my BBR, but I don't want to make them suspicious.
Current cards: BankAmericard CR, BankAmericard BBR, Citi Double Cash, Chase Freedom, AmEx BCE, Discover It
Wishlist: US Bank Cash+

Kevin86475391
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Re: Banks that do an HP for a CLI request

Postby Kevin86475391 » Thu Jun 16, 2016 11:29 pm

To My Credit wrote:
CarefulBuilder14 wrote:My comment was mostly about the EX inquiry. Most of my inquiries are on EX, so I especially like it when those die off. TU and EQ have very few, and I don't really care about those.

Most of my cash I now have in a Discover savings account, which pays more interest than I earned at Chase.

Got it. So the HP from the Freedom CLI will fall off a few weeks from now. I thought you meant there was a different kind of inquiry that only lasted a few weeks on credit reports.


Ohh, I was so confused too! Thanks for clarifying. LOL, misinterpretations like that on my part are definitely how misinformation can spread. If I hadn't known better at all, hadn't read any further, and liked to shoot my mouth off I'd absolutely have been going around saying, "I heard on a credit card forum that Chase inquires only stay on your report a few weeks." :ppp

Regarding the missing info for Citi in the first post of this thread, they have a very similar approach to Discover. You can quite often qualify for a SP CLI, but if you don't qualify or don't get one as large as you want, you can then do an HP.

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PhillyPhoto
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Re: Banks that do an HP for a CLI request

Postby PhillyPhoto » Fri Jun 17, 2016 1:13 pm

Amex does a SP on initial application. Form what I understand, if they like what they see, they will do a HP before giving the final approval. Also, you can apply for other Amex cards in the same day without additional HPs, but can only be approved for 2 cards per day max.
Main Cards:
Amex: Surpass
Chase: Hyatt

Sock drawer Cards:
Amex: HHonors, MB Plat
Chase: Amazon.com Rewards, Freedom
Citi: Macy's Amex, Simplicity, ThankYou
Citizens Bank: Cash Back Plus World
Discover: it
Elan: Bank Rewards
Synchrony: PayPal Extras

755 Eq (12/16)|748 TU (12/16)|726 Ex (1/17)

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Re: Banks that do an HP for a CLI request

Postby Vattené » Fri Jun 17, 2016 2:52 pm

I asked Amex if I could request a CLI with a SP only (I had been sitting on my current CL for over a year; didn't need one but just wanted to see if I could get it). I was transferred to some special credit bureau unit because I wanted to make sure, and I was told every CLI request is a HP.

I know that to be false because I got one CLI with no HP before that...but that's what I was told by the so-called specialist.
-Vattené
FICO-8:
EX - 827 (4/17) | TU - 812 (4/17)
Primary Cards:
American Express EveryDay - $20,000 (10/14)
Discover it - $23,000 (2/14)
AU on Barclay Sallie Mae - $10,000 (8/15)
plus several store accounts of varying usefulness now

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Re: Banks that do an HP for a CLI request

Postby 12volt » Fri Jun 17, 2016 4:24 pm

I really want a CL increase on my Chase Amazon credit card but they told me it requires a hard pull. My credit score is currently 806. I really don't want a HP just for a line increase. Is there any way to talk to anybody there that can do it without an HP?

I know it doesn't matter but I've got large deposits at Chase and I literally put all my spending on my one card. Ugh!



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