Reply
Frequent Contributor
Laugh
Posts: 254
Registered: ‎12-29-2012
0

Regret a hard pull?

[ Edited ]
I regret asking Barclay for a credit limit increase yesterday. I was so sure that it would be a soft pull, but they did a hard pull on TU.

Ugh. Back to a seedling.

I think I also regret applying for the BOFA Better Balance Card.

What about you guys?
Cards: CSP 6k, Chase Freedom 6k, BCP 7.5k, Sallie Mae 8.9k, Discover 5k, BOFA Better Rewards 3.8k
Frequent Contributor
slap_happy
Posts: 378
Registered: ‎08-17-2013
0

Re: Regret a hard pull?

for some reason I am terrified of hard pulls, I have 1 on TU 2 on exp and 1 on eq within the last year and im scared to app for anything until those fall off. 

but since being on these forums lately I have noticed people with 5-10 HP's and still getting approved for cards, so maybe a HP is not as bad as I think.




New Member
skript
Posts: 4
Registered: ‎08-09-2013
0

Re: Regret a hard pull?

I wouldn't be too concerned with just a few hard pulls. I have quite a few that are set to come off next year (6) and I just went 4 of 4 on an app spree for some prime cards.
Going garden mode for a year now.
Regular Contributor
dpechal
Posts: 148
Registered: ‎05-15-2012
0

Re: Regret a hard pull?

PenFed smacked me in the face yesterday with a "No".  Not a "7-10" or even a "Needs more time to review".  I regret that very much.

***$25,500******$20,000******$20,000******$20,000******$15,000********NPSL****

Regular Contributor
ternify-
Posts: 185
Registered: ‎10-11-2012
0

Re: Regret a hard pull?


slap_happy wrote:

for some reason I am terrified of hard pulls, I have 1 on TU 2 on exp and 1 on eq within the last year and im scared to app for anything until those fall off. 

but since being on these forums lately I have noticed people with 5-10 HP's and still getting approved for cards, so maybe a HP is not as bad as I think.


I think most of the posters here have more INQs than that. I for one have 3 on EQ, 10 on EX, and 18 on TU (I know!!). Most people here garden for a year at most so the INQs can stop hurting them, but I've rarely seen anyone waiting for INQs to completely fall off before they app for another shiny new plastic.

 

@OP

 

I regret my HP with Barclays for the initial CL recon. For some reason, they wouldn't use the HP from approval. A complete and utter waste of an INQ, but I didn't know any better at that time.

Chase Sapphire Preferred / Chase United MileagePlus Explorer / Chase Freedom / AMEX PRG / AMEX SPG / AMEX BCE / Discover IT / Barclaycard Financing / BofA Cash Rewards for Students / CITI Classic
Frequent Contributor
slap_happy
Posts: 378
Registered: ‎08-17-2013
0

Re: Regret a hard pull?

ok, like I said, seems like a hp is not as bad as I thought, I am going for my 3x61 amex cli in about a month so I will not be getting any more hps until at least I get the CLI, I dont want amex to decline me and say "to many HP's" lol, I know YMMV but my mileage doesnt work to well.

 

I think im going for the barclays arrival next or maybe the cap one venture, I love the 2x uncapped on all purchases




Frequent Contributor
Laugh
Posts: 254
Registered: ‎12-29-2012
0

Re: Regret a hard pull?

@ternify: Tell me about it! I got an 880 dollar increase. It fits my income, but I was hoping for more. The card is only 3 months old though.

@skript: Don't be afraid of HP. Just don't waste them. I have 9 on EXP, 6 on TU and 5 on EQ. On 1/1/14, it should look like this: 6 EXP, 6 TU, and 3 EQ. Well that's if I don't apply for any new accounts. Haha :smileywink:
Cards: CSP 6k, Chase Freedom 6k, BCP 7.5k, Sallie Mae 8.9k, Discover 5k, BOFA Better Rewards 3.8k
Frequent Contributor
Laugh
Posts: 254
Registered: ‎12-29-2012
0

Re: Regret a hard pull?

I meant to write "@slap_happy"
Cards: CSP 6k, Chase Freedom 6k, BCP 7.5k, Sallie Mae 8.9k, Discover 5k, BOFA Better Rewards 3.8k
Regular Contributor
Guyatthebeach
Posts: 212
Registered: ‎09-04-2012
0

Re: Regret a hard pull?

Yes I have regrets about all the hard pulls I have done this year. I was back in the garden as of August 1st and plan on staying there for a long time.

 

I have decided I'm not asking for a CLI due to the hard pulls. If the CC companies want to do soft pull for CLI's, I'm fine with that.

Super Contributor
longtimelurker
Posts: 6,830
Registered: ‎04-22-2013
0

Re: Regret a hard pull?


Guyatthebeach wrote:

Yes I have regrets about all the hard pulls I have done this year. I was back in the garden as of August 1st and plan on staying there for a long time.

 

I have decided I'm not asking for a CLI due to the hard pulls. If the CC companies want to do soft pull for CLI's, I'm fine with that.


Right, just depends on your goals.  For those with "enough" CL (and so CLIs are just for "Mine is bigger than yours" type stuff) it makes more sense to use HPs to get cards with sign-up bonuses.   And while soft-CLIs are possible with many lenders, you don't really get new cards via SP, so reserving HP for those is a good strategy.

Most active cards: Amex BC ($50K), Cap One QS ($33K) Fidelity Amex ($20K)
Others: CSP, Freedom, Chase Amazon, Cap One QS, Penfed Plat Rewards (x2), Citi Double Cash, Citi Dividend, Citi AA Plat Select, Citi Forward, Amex BCE, Amalgamated Bank, Sallie Mae, Cash Plus
Scores May 14: EQ 848, EX 833, TU 848 (Sep)

myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.

>> About myFICO
FICO Score - The Score that matters
Click to Verify - This site chose VeriSign SSL for secure e-commerce and confidential communications.
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+