New Credit Cards: Hard or Soft Pull?

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DGenerateKane
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New Credit Cards: Hard or Soft Pull?

Postby DGenerateKane » Fri Apr 27, 2012 12:41 am

When applying for a new card do you get hit by a soft or hard pull? I was under the impression it was a hard pull, but when I pulled my free credit reports for the first time earlier this year all three said I had no hard inquiries in the last two years. In those two years I applied for and was approved for three cards. So, was my assumption wrong or was I just lucky? Or, while highly unlikely, are all three of my reports wrong?


amexguy321
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Postby amexguy321 » Fri Apr 27, 2012 1:16 am

lol not sure what happened there..

BUT, normally new accounts ALWAYS result in hard pulls, except for upgrades where you keep the same account number. looking at your own credit report results in soft pulls

JCarter
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Postby JCarter » Fri Apr 27, 2012 1:20 am

DGenerateKane wrote:When applying for a new card do you get hit by a soft or hard pull? I was under the impression it was a hard pull, but when I pulled my free credit reports for the first time earlier this year all three said I had no hard inquiries in the last two years. In those two years I applied for and was approved for three cards. So, was my assumption wrong or was I just lucky? Or, while highly unlikely, are all three of my reports wrong?


It is always a hard pull, unless the underwriting is based upon accounts existing with them.

Crashem
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Postby Crashem » Fri Apr 27, 2012 8:54 am

What cards were these? Also, did you check your credit report with all three bureaus?
Amex Centurion, Amex Platinum, Amex BCP 8k->24k (5/23/12), Amex TE 15k, Cap One 1.5% 15k->20k (8/7/13), CSP 25k, Chase Palladium 100k, Citibank AA 35k (AU), Firestone 1.8k->2.2k->2.4k (8/20/12), JFCU Jloc 30k, PenFed Plat Rewards 30k, SF Fire 30k, US Bank Cash+ 25k

DGenerateKane
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Postby DGenerateKane » Fri Apr 27, 2012 11:08 pm

One was the Discover More which is my first Discover card. The second was a Citi Platinum Select which was my first card issued from Citi. The third was the Chase Freedom which was my second issued by Chase but the third account that they had of mine at the time. I did pull all three but I must have read them wrong. I missed two sections on Equifax and Experian that I assume must be inquires that affect my credit score. (One says nothing about it, the other says may or may not affect my score)

Equifax shows three, one each from Discover and Citi for applying for their cards, and the third from Chase when I applied and was denied a credit limit increase (Mind you Discover gave me two increases in 6 months without my asking for it, I hate how Chase operates). Experian shows one from Chase corresponding to when I opened the Freedom card. Seems silly to use one bureau for one thing and another bureau for another thing. Transunion definitely shows none.

So mystery solved, I can't read. :/



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