Multiple CLI Hard Hit Inquiries Count as One?

daudi81 · ‎01-17-2015

I was told a CLI on my cards might help raise my score. So I requested a CLI from Bank of America. The person told me it wasn't going to be a hard hit, but then I just got an alert on my score watch that they did indeed do a hard hit. Out of all the cards I got a CLI from, BoA was the only one - and iorincally a card I rarely use - go figure.

I do have a couple other cards from banks that I actually do need a CLI from - but don't want anymore hard inquires. However, since I already have this one sitting on my report from BoA - will it count as one? Similar to when getting an auto / mortgage loan - multiple inquries within a certain time frame only count as one.

Is this the same thing with credit cards?

Thanks

Adam B

RobertEG · ‎01-17-2015

No.

Anonymous · ‎01-17-2015

@daudi81 wrote:
I was told a CLI on my cards might help raise my score. So I requested a CLI from Bank of America. The person told me it wasn't going to be a hard hit, but then I just got an alert on my score watch that they did indeed do a hard hit. Out of all the cards I got a CLI from, BoA was the only one - and iorincally a card I rarely use - go figure.

I do have a couple other cards from banks that I actually do need a CLI from - but don't want anymore hard inquires. However, since I already have this one sitting on my report from BoA - will it count as one? Similar to when getting an auto / mortgage loan - multiple inquries within a certain time frame only count as one.

Is this the same thing with credit cards?

Thanks

Adam B

Nope, not the same as auto financing. Every HP counts as one. And just to be clear the whole auto financing inquiry counting as 1 is misleading. Counts as 1 for FICO scoring only. They still show as individual inquiries and if a credit card company or anyone pulls your credit all of the injuries are counted, especially if it's done by a computer.