Why did BofA do a hard pull?!

Discuss the Visa & MasterCard payment networks as well as cards that operate through them.
6 posts
cdogg
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Why did BofA do a hard pull?!

Postby cdogg » Wed Aug 01, 2012 9:02 am

i recently requested credit limit increase on my BOA card online. at that time, i was asking for $5k, was approved right away. This morning, when i check creditKarma, it shows that i had HP from BOA, why it is HP?
Current Cards: American Express:Blue Cash Everyday CL 33.6k member since 94
Bank Americard Power Cash Rewards Signature Visa CL 20k member since 10
Discover IT $9.5k member since 10
Chase freedom $10k, since 13
BB Store card $2600, since 02
Macys $2700, since 02
Gap/BR $800, since 02


m20e3087
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Postby m20e3087 » Wed Aug 01, 2012 11:22 am

With BOA its almost always hard pull.
American Express: Blue Cash Everyday & Platinum

Visa Signature: BankAmericard Travel Rewards, Chase Freedom Unlimited, & Chase Sapphire

Visa Infinite: Chase Sapphire Reserve

trumpet-205
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Postby trumpet-205 » Wed Aug 01, 2012 12:27 pm

When you ask for CLI on any card, lender has the right to HP you (cause you are asking for more credit).

It just so happen that with BofA, 99.99% of the time it is HP.
In My Wallet:
Citi Forward (12/2010) | Citi TY Preferred (05/2011) | Chase Freedom (11/2011) | GECRB/PayPal (05/2012)
Discover it (07/2012) | AMEX BCP (09/2012) | TD/Target REDCard (10/2012) | Chase Ink Classic (11/2012)
BofA BBR (04/2013) | FNBO/Overstock.com (02/2014) | Barclaycard Arrival (04/2014) | FIA/Fidelity AMEX (04/2014)

FutureBillionaire
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Postby FutureBillionaire » Wed Aug 01, 2012 2:25 pm

They did a hard pull on my account just to move some available credit over to their cash rewards card from another account that I wasn't using.
Gas: Discover It, Penfed Platinum Rewards x2, Chase freedom, Citi TYP
Plane tickets: CSP
Groceries: AMEX BCP, Penfed Platinum Rewards,Citi TYP
Clothes: Express, Amex BCP, Discover IT
Amazon: Citi Forward, Cash +
Restaurants: Citi Forward, Chase Freedom, Discover IT, CSP
Hotels and other travel: Discover Escape, CSP
Movies: BofA travel rewards visa signature(fandango), Discover IT, Citi Forward, Freedom
Bars, clubs, tomfoolery: CSP, Citi Forward, Discover IT, Freedom
Balance transfers: Kroger 123 rewards
Bill Pay: Chase Ink Plus, Citi Forward
Everyday spending: Bofa Accelerated cash rewards amex, Discover Escape

2percentPlus
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Postby 2percentPlus » Wed Aug 01, 2012 3:03 pm

Guess I will hold off on anything BofA related until I get mortgages closed

KingVicc
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Postby KingVicc » Thu Aug 02, 2012 1:57 am

Yeah it also happened to my brother. Most companies do a hard pull. I wish I would have known that before asking for CLI's on my Amex, Wells fargo, and Barclay card within a two week span. Since they are all different companies they don't share the pull.
[size=80]Wells Fargo Platinum Card (2010)
American Express Blue Card (2011)
Barclay US Card (2011)
[/size]



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