It's a hard inquiry.
Also, this is a subprime, ripoff card. $79 account set up fee? WTF.
Don't waste your time. You want your credit to go forward, not backwards.
Credit Unions are good, but Public Savings Bank does not pull credit at all. I applied a few months ago and had a decent experience. They report now to all 3 bureaus and my score has gone up. I like that there are no other fees past the $79 to get the card.
It's true, the deposit earns no interest, but who cares? It's pennies in the grand scheme of things.
Applied Bank has agood card, but the monthly fees are really high. They also only report to 2 bureaus.
I got this card 4 months ago. It was easy and quick. There was no credit inquiry. They only verify your indenity. I have had no problems with it.
The only fee is $79 which you pay with the deposit, so if you plan to keep the card for several years, that is better than most secured cards.
It was the right choice for me.
Pro: So I can get this card, set my limit, and not get a credit check (higher limit than BofA secured).
It reports to all three CRB as regular credit card
Con: It will never unsecure
I pay 79 bucks
I'm wondering if I really need it. I want to build my credit, I have a BofA secured for 300, a Cap1 for 500, and a BBRZ for 1,000. All new. I have the money to put into a secured card, 1 or 2 grand, but do I really need it?