Chase Credit Cards Without Hard Pull

For just about anything you want to get off your chest about credit cards.
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Chris2609
 
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Chase Credit Cards Without Hard Pull

Postby Chris2609 » Thu Jun 16, 2016 7:40 pm

Hi everyone,

this is my first post here :)

I just recently spoke to one of my colleagues regarding chase credit cards. He said that he has two credit cards with chase and neither of those cards shows up as a hard pull on his credit report. Has anyone maid a similar experience with chase? I personally have three chase cards and every single one required a hard pull.

My wife and I do all our banking with Chase. Do you think it's possible that they issue cards based on the relationship history that one has with them? Or if it makes a difference if you apply for a card online or at a branch?

Looking forward to some interesting discussions.

Cheers!
Chris


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CarefulBuilder14
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Re: Chase Credit Cards Without Hard Pull

Postby CarefulBuilder14 » Thu Jun 16, 2016 10:19 pm

Chris2609 wrote:Hi everyone,

this is my first post here :)

I just recently spoke to one of my colleagues regarding chase credit cards. He said that he has two credit cards with chase and neither of those cards shows up as a hard pull on his credit report. Has anyone maid a similar experience with chase? I personally have three chase cards and every single one required a hard pull.

My wife and I do all our banking with Chase. Do you think it's possible that they issue cards based on the relationship history that one has with them? Or if it makes a difference if you apply for a card online or at a branch?

Looking forward to some interesting discussions.

Cheers!
Chris

The most likely explanation is that your colleague doesn't know what he's talking about. The inquiries may have fallen off with age, or he may not be looking at all three reports.
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Kevin86475391
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Re: Chase Credit Cards Without Hard Pull

Postby Kevin86475391 » Thu Jun 16, 2016 11:39 pm

Welcome to the forum!

CarefulBuilder14 wrote:The most likely explanation is that your colleague doesn't know what he's talking about. The inquiries may have fallen off with age, or he may not be looking at all three reports.


Yeah, to be honest this is what I'm thinking too. Many people don't understand that they have 3 separate credit reports. Your colleague may simply be looking at a report Chase didn't pull to issue the account. OR if the accounts are over 2 years old then the inquiries will have aged off by now.

I consider it highly highly unlikely that Chase would issue someone, anyone a credit card without doing a hard pull. They won't even do customer-initiated CLIs without an HP. I guess maybe if the person applying was a top level executive with the bank or something maybe they wouldn't, but even then I suspect they probably would as a formality. But just a regular consumer, even one with a long history with them and ample of assets? Extremely unlikely.

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lobbythis
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Re: Chase Credit Cards Without Hard Pull

Postby lobbythis » Fri Jun 17, 2016 1:18 am

Having a bank account with them makes absolutely no difference. Multiple reps told me this before I started my credit card relationship with Chase. Matter of fact, not one bank I have ever spoken to said that having history with them would do any help at all. Not sure where those rumors ever came from.

Chris2609
 
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Re: Chase Credit Cards Without Hard Pull

Postby Chris2609 » Fri Jun 17, 2016 9:40 am

Thanks everyone for your responses.
That absolutely makes sense and I think you are right.

Thanks again!

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Re: Chase Credit Cards Without Hard Pull

Postby TXviking » Fri Jun 17, 2016 10:53 am

lobbythis wrote:Having a bank account with them makes absolutely no difference. Multiple reps told me this before I started my credit card relationship with Chase. Matter of fact, not one bank I have ever spoken to said that having history with them would do any help at all. Not sure where those rumors ever came from.


Back in the days before everything was in databases and credit reports became the standard way to evaluate creditworthiness, your prior relationship with the bank actually mattered. Nowadays, "relationship" has zero value.

kdm31091
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Re: Chase Credit Cards Without Hard Pull

Postby kdm31091 » Fri Jun 17, 2016 11:00 am

lobbythis wrote:Having a bank account with them makes absolutely no difference. Multiple reps told me this before I started my credit card relationship with Chase. Matter of fact, not one bank I have ever spoken to said that having history with them would do any help at all. Not sure where those rumors ever came from.


Agreed. People fall into the "relationship" mindset way too often. If you are a Chase Private Client with tons and tons of assets maybe it slightly matters but the average Joe with a checking account? That has no bearing on anything.

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Re: Chase Credit Cards Without Hard Pull

Postby TXviking » Fri Jun 17, 2016 11:04 am

kdm31091 wrote:
lobbythis wrote:Having a bank account with them makes absolutely no difference. Multiple reps told me this before I started my credit card relationship with Chase. Matter of fact, not one bank I have ever spoken to said that having history with them would do any help at all. Not sure where those rumors ever came from.


Agreed. People fall into the "relationship" mindset way too often. If you are a Chase Private Client with tons and tons of assets maybe it slightly matters but the average Joe with a checking account? That has no bearing on anything.


We see too often that even CPC customers post here, on FT etc about being unable to get a particular Chase policy waived or overruled in spite of being CPC. Anything from HP for CLI to denials for 5/24 to having cards blocked for "fraud" seems to apply to CPC just as much as to average clients.

On the flip side, my local Chase branch has a lot of CPC clients (because it's located next to a ritzy country club) and that branch treats me extremely well, even to the point of waiving fees for me that I'm not really eligible to have waived (e.g. cashier's check/money order fees.) Those only come up once in a blue moon, but other than fee waivers, CPC appears to be little less than some extra branding.

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Re: Chase Credit Cards Without Hard Pull

Postby Nixon » Fri Jun 17, 2016 2:42 pm

It's possible.

If you were pre-approved and Chase approved accounts using TU only, which they then proceeded to bump off the INQ. It would eventually show up as no inquiry.
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lobbythis
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Re: Chase Credit Cards Without Hard Pull

Postby lobbythis » Sat Jun 18, 2016 1:37 am

TXviking wrote:
lobbythis wrote:Having a bank account with them makes absolutely no difference. Multiple reps told me this before I started my credit card relationship with Chase. Matter of fact, not one bank I have ever spoken to said that having history with them would do any help at all. Not sure where those rumors ever came from.


Back in the days before everything was in databases and credit reports became the standard way to evaluate creditworthiness, your prior relationship with the bank actually mattered. Nowadays, "relationship" has zero value.



Ok, makes sense. That was before my time then.



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