@JGGM wrote:
@Anonymous wrote:
Hey guys! I was checking the status of my application and found something interesting, decline of Credit Card is only a soft pull. please see below from Amex FAQ's
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My application for a Card was declined. Will this affect my credit score and report?
If your application was declined, we do not report it to the credit bureaus. This will not affect your credit score. However, your request for a Card will show up on your credit bureau reports as a request for credit, also known as an "inquiry."
You can visit our Consumer Resources page to learn more about credit scores and reports.
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I think what they mean is that they don't report that your application was declined. They're not doing anything special here. It says it will still show an "inquiry"
^^^ This exactly.
People aren't reading closely enough...
"My application for a Card was declined. Will this affect my credit score and report?
If your application was declined, we do not report it to the credit bureaus. This will not affect your credit score."
"It" in this case is the decline itself, not a SP/HP. Many people aren't as savvy as the typical myFICO member, and they might not realize that declines aren't reported to credit bureaus. This is not saying a SP/HP won't be done. I do agree this is splitting hairs, since the inquiry itself (if a HP) can affect credit scores, of course.
It's well-known on here that for existing Amex (Centurion) cardholders, additional cards are usually SP if declined, with approvals being either SP or HP (again, YMMV). There's a disclaimer, of course, that any application for credit might cause a HP, so if you're in a situation where a HP would be problematic you should consider holding off regardless of what "usually" happens.
