Hard pulls are important if you're rebuilding or rounding out your profile. Most people here are.
jsucool76 wrote:
Application is submitted. Cancelling it now most likely won't stop a HP. lol.
Everyone on myfico is so inquiry conscious. They go away. Y'all acting like HPs are the end of the world.
I would let it roll... the HP is really not the end of the world. What could have a much bigger impact is the cut in AAoA when the new account(s) report. I lost 60+ points last year adding my cards but with time it will diminish and with "gardening" it will slowly come up again... If I have the choice of having 20 points more on a Fico score or a nice card that suits my needs .. I will take the card 
@Shock wrote:Hard pulls are important if you're rebuilding or rounding out your profile. Most people here are.
jsucool76 wrote:
Application is submitted. Cancelling it now most likely won't stop a HP. lol.
Everyone on myfico is so inquiry conscious. They go away. Y'all acting like HPs are the end of the world.
Try rebuilding without taking a few hard pulls.
ideally, the backdating from amex should negate the HP
@lg8302ch wrote:I would let it roll... the HP is really not the end of the world. What could have a much bigger impact is the cut in AAoA when the new account(s) report. I lost 60+ points last year adding my cards but with time it will diminish and with "gardening" it will slowly come up again... If I have the choice of having 20 points more on a Fico score or a nice card that suits my needs .. I will take the card
And then a card you really want, or the sign-up bonus you really want, appears and you look at your previous card and say "What the hell am I doing with this piece of crap? I want my 20 FICO points back so I can get this new card that what I want right now!"
@lg8302ch wrote:I would let it roll... the HP is really not the end of the world. What could have a much bigger impact is the cut in AAoA when the new account(s) report. I lost 60+ points last year adding my cards but with time it will diminish and with "gardening" it will slowly come up again... If I have the choice of having 20 points more on a Fico score or a nice card that suits my needs .. I will take the card
With AMEX cards, this is not a problem. In fact, it might actually take care of the HP hit and add some more.
@Ghoshida wrote:
@lg8302ch wrote:I would let it roll... the HP is really not the end of the world. What could have a much bigger impact is the cut in AAoA when the new account(s) report. I lost 60+ points last year adding my cards but with time it will diminish and with "gardening" it will slowly come up again... If I have the choice of having 20 points more on a Fico score or a nice card that suits my needs .. I will take the card
With AMEX cards, this is not a problem. In fact, it might actually take care of the HP hit and add some more.
Yes...that is exactly the reason why I let the nice targeted SPG offer go....I will jump the gun with the offer early 2015 for backdating purpose ...these offers always come back and the first in 2015 I will accept....lol
(my AAoA is higher than the age of my Amex 
)
