Inq"s 2 same date and company

Anonymous · ‎04-08-2008

I applied for instore credit from bestbuy and the CSR told me that I was approved for the Best Buy store card and that I was also approved for the Best Buy rewards Mastercard at the same time.At the, time I only applied for the store card is this standard to receive another card or is this something the retailers do to open as many new accounts as they can. My main concern is this going to count as one single INQ or will it count as two they are both pulled on the same date and time from Best Buy how will this affect my FICO score. Thanks

Anonymous · ‎04-08-2008

The INQ's should de-duplcate

Even if they don't they will be counted as 1 in scorng.

How the new accounts and INQ's affect your scoring depends on how this affected your avg age, utilization, current score, how many other inq's, how many accounts were opened in the last year.

credit08 wrote:

I applied for instore credit from bestbuy and the CSR told me that I was approved for the Best Buy store card and that I was also approved for the Best Buy rewards Mastercard at the same time.At the, time I only applied for the store card is this standard to receive another card or is this something the retailers do to open as many new accounts as they can. My main concern is this going to count as one single INQ or will it count as two they are both pulled on the same date and time from Best Buy how will this affect my FICO score. Thanks

MidnightVoice · ‎04-08-2008

Timothy wrote:

Even if they don't they will be counted as 1 in scorng.

Why? I thought that was cars amd mortgages, not credit cards?

The slide from grace is really more like gliding
And I've found the trick is not to stop the sliding
But to find a graceful way of staying slid

Anonymous · ‎04-08-2008

INQ's from the same source are deduplicated-

An example is my Amex inq's I have 4 - but count as 1 in scoring.

MidnightVoice wrote:

Timothy wrote:

Even if they don't they will be counted as 1 in scorng.

Why? I thought that was cars amd mortgages, not credit cards?

nicemann · ‎04-09-2008

Wow did not know that. So I already have a HSBC hitting my report about 3 months ago, them doing a hard pull for a CLI shouldn't effect it too much more?

Anonymous · ‎04-09-2008

Actually Not 1 point.

nicemann wrote:

Wow did not know that. So I already have a HSBC hitting my report about 3 months ago, them doing a hard pull for a CLI shouldn't effect it too much more?