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Established Contributor
lhcole77
Posts: 957
Registered: ‎09-18-2012

Re: Any major CC available without a Hard Inquiry?


09Lexie wrote:
SDFCU had a secured card without a HP. You might want to double check

+1 and it's with a great 6.99% rate...win and win!




EX08 FICO 738. EQ08 FICO 736. TU08 FICO 732.
Valued Contributor
Rhaeny
Posts: 1,507
Registered: ‎07-24-2011

Re: Any major CC available without a Hard Inquiry?


lhcole77 wrote:

09Lexie wrote:
SDFCU had a secured card without a HP. You might want to double check

+1 and it's with a great 6.99% rate...win and win!


+1000

 

However, if you apply for the secured, I was told by the CSR to call in and do it because any credit app done online automatically generates an HP.


Major CC's - Barclay's ($5.5K) | Barclay's Sallie Mae MC ($5K) | DCU ($7.5K) | Discover IT ($1.4K) | Genisys Visa ($1.4K) | NFCU Visa ($22K) | Navcheck ($15K) | Chase Freedom ($5K) | SDFCU Visa ($8K) | Amex BCP ($9.5K) | Amex Delta ($10K) |Store CC's| -Amazon ($4K) | Catherines ($850) | JCP ($4K) | Macy's ($1.7K) | Avenue ($850) | Victoria's Secret ($1.4K) | Walmart ($4.1K) | Paypal SC ($1.3K) | HSN ($2.5) | Sears ($2.6K) | Sams Club ($4.1K) |Goal|: Age with grace to 750 across the board |Last app|: 3/3/2014
Valued Contributor
Crashem
Posts: 3,098
Registered: ‎01-26-2012

Re: Any major CC available without a Hard Inquiry?


Rhaeny wrote:

lhcole77 wrote:

09Lexie wrote:
SDFCU had a secured card without a HP. You might want to double check

+1 and it's with a great 6.99% rate...win and win!


+1000

 

However, if you apply for the secured, I was told by the CSR to call in and do it because any credit app done online automatically generates an HP.


Wait.  I thought HP to join SDFCU!

 

Also didn't SDFCU move to experian?

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Frequent Contributor
Steelersboy
Posts: 343
Registered: ‎06-25-2013

Re: Any major CC available without a Hard Inquiry?

i wish, people would be applying like crazy

 
If a man empties his purse into his head, no one can take it from him. An investment in knowledge always pays the best interest. - Benjamin Franklin
FICO Equifax-727, FICO Transunion-729, FICO Experian-740, Walmart FICO-754
Capital One Platinum|Capital One Quicksilver Cash Rewards|Chase Amazon Visa Rewards|BOA Cash Rewards|Walmart Discover|Sallie Mae MC Goal scores- 760+
Valued Contributor
Crashem
Posts: 3,098
Registered: ‎01-26-2012

Re: Any major CC available without a Hard Inquiry?

Surprised no one mentioned this earlier.  If you have no revolving accounts (eg. credit cards, etc.), even with the inquiry hit, you will likely GAIN FICO SCORE with your first 2 credit cards.  Can someone else back up this statement?

 

Use the FICO Score Estimator (not the FICO Score Simulator) to check it out (btw, is this still available).

 

The problem comes up if you take the inquiry hit but don't get the card.

 

Your goal would be to get 2 credit cards, but take the inquiry hits on different credit bureaus.  So you end up with 2 cards reporting and 1 inquiry on 2 of 3 credit bureaus.

 

Also, those scores are FICO scores (ie from my fico or lender directly)?  Please don't do anything until we can fully look at your situation. 

 

I need to know what else is on your credit reports (if anything) and what your short/medium term financial goals are as it relates to credit (e.g. going for mortgage in year and need to get score to XYZ).

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Community Leader
Senior Contributor
myjourney
Posts: 25,264
Registered: ‎02-07-2013

Re: Any major CC available without a Hard Inquiry?


Crashem wrote:

Rhaeny wrote:

lhcole77 wrote:

09Lexie wrote:
SDFCU had a secured card without a HP. You might want to double check

+1 and it's with a great 6.99% rate...win and win!


+1000

 

However, if you apply for the secured, I was told by the CSR to call in and do it because any credit app done online automatically generates an HP.


Wait.  I thought HP to join SDFCU!

 

Also didn't SDFCU move to experian?


SP for account correct

"Intelligence plus character--that is the goal of true education"
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Last 5 apps 6/6/13
Established Contributor
lhcole77
Posts: 957
Registered: ‎09-18-2012

Re: Any major CC available without a Hard Inquiry?

No HP to join SDFCU. It's a soft on EQ.



EX08 FICO 738. EQ08 FICO 736. TU08 FICO 732.
Regular Contributor
themizlyne
Posts: 185
Registered: ‎07-06-2013

Re: Any major CC available without a Hard Inquiry?

Armed Forces Bank didn't pull my credit for a secured card - www.afbank.com - if you don't have an account the interest rate is about 20% (not a problem if you PIF each month). Also I understand that Open Sky doesn't pull at all for their secured card.
New Member
Ewoky
Posts: 14
Registered: ‎07-12-2013

Re: Any major CC available without a Hard Inquiry?

:smileyhappy:The scores in my scenario are FAKOs pulled from each 3 bureaus individually - lender pulled is very similar.  I am trying to get up to 640 to apply for a USDA Rural Development mortgage loan.  The lender suggested that I get a major CC and put a small balance on it, like under 10% --- pay for a couple months and watch the score jump.  I'm hoping to buy a home before the end of the year.  I have two small collection accounts remaining on my reports, both of which I have sent a PFD letter (one accepted and paid, so should be falling off soon).   I have no other open trade lines.  Several old closed accounts, some paid in full and on time, a couple derogatory.  Just trying to figure out how to maximize my score increase.

Valued Contributor
Crashem
Posts: 3,098
Registered: ‎01-26-2012

Re: Any major CC available without a Hard Inquiry?


Ewoky wrote:

:smileyhappy:The scores in my scenario are FAKOs pulled from each 3 bureaus individually - lender pulled is very similar.  I am trying to get up to 640 to apply for a USDA Rural Development mortgage loan.  The lender suggested that I get a major CC and put a small balance on it, like under 10% --- pay for a couple months and watch the score jump.  I'm hoping to buy a home before the end of the year.  I have two small collection accounts remaining on my reports, both of which I have sent a PFD letter (one accepted and paid, so should be falling off soon).   I have no other open trade lines.  Several old closed accounts, some paid in full and on time, a couple derogatory.  Just trying to figure out how to maximize my score increase.


Read my post from earlier.  You need to get 2-3 revolving accounts going.  Your score should go up even with the inquiry and new account hit.  But I would be relying on myfico vs some FAKO to get a real sense on what is going on.  You need to avoid taking an inquiry and not getting approved.  Also, if you go for multiple accounts, try to spread the inquiries to different credit reports to minimize any inquiry hit.  If you current scores are accurate, my guess with 2-3 cards and a few months will get you above 640 easily.

 

Do you have cash for secured credit card?  That will let you avoid taking inquiry and getting rejected.

 

As for your negatives, how old is the remaining derogatory?  And on the accounts that remain with both positive/negative history, how long ago were the last few late payments and were they 30, 60, 90's?

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