Does upgrading a current credit card affect credit (hard pull?)

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SteelReign
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Does upgrading a current credit card affect credit (hard pull?)

Postby SteelReign » Wed Sep 14, 2011 11:40 pm

Just a straightforward question: I'm thinking of "upgrading" my Capital One student rewards card to the Cash Rewards card (does Capital One even do "upgrading" of cards?) and I was wondering if doing so requires Capital One to do a hard pull on my credit, which would lower my scores.

Thanks!


JNK
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Postby JNK » Thu Sep 15, 2011 3:48 am

Speaking from personal experience, I think it depends on the company and it depends on the kind of upgrade you're getting.

For example:

I got upgraded about a year ago on my Student Blue from American Express to the regular Blue from American Express without a hard pull (I asked before they did the upgrade) and recently, the credit rep has been talking to me about 'upgrading' it further to a Cash rewards card (without a hard pull).

I got upgraded to a Signature card on my Amazon from Chase about a month or two ago without a hard pull (I asked before they did the upgrade) though they DID hard pull me one year ago when they upped my CL and did a BT for me.

I got upgraded from a Macy's + American Express to a Preferred Macy's + American Express without a hard pull a long time ago (I asked before they did the upgrade).

Hopefully someone else who has specific experience with Capitol One might be able to give you a better possible answer.

Also, it never hurts to call the card company and make a general inquiry.
Personal Collection:

AMEX: Everyday (MR), Macy's (cobranded)
MASTER: Citibank Dividend Platinum Select (non-World version)
VISA: Chase Amazon Signature, Chase (bank issued)
GE: Care Credit (medical expenses), Macy's (store), JCP (store)


Business Collection:

AMEX: Costco True Earnings
MASTER: None
VISA: Chase Ink Cash

ooxs
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Postby ooxs » Mon Sep 19, 2011 7:47 pm

Mostly soft pull. If the bank is recommending the upgrade (EX. US Bank upgraded my Northwest card to Flex) then it i 100% soft pull.

SteelReign
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Joined: Wed Sep 14, 2011 11:06 pm
Location: US

Postby SteelReign » Mon Sep 19, 2011 9:11 pm

Awesome. I think I might just upgrade my student Capital One card to the Cash Rewards. After I get a new card this December. Thanks guys!

JNK
Platinum Member
Platinum Member
 
Posts: 93
Joined: Wed Aug 17, 2011 10:53 pm
Location: USA

Postby JNK » Mon Sep 19, 2011 10:00 pm

Coolness! Let us know how it all goes! :D
Personal Collection:

AMEX: Everyday (MR), Macy's (cobranded)
MASTER: Citibank Dividend Platinum Select (non-World version)
VISA: Chase Amazon Signature, Chase (bank issued)
GE: Care Credit (medical expenses), Macy's (store), JCP (store)


Business Collection:

AMEX: Costco True Earnings
MASTER: None
VISA: Chase Ink Cash



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