08-19-2013 06:57 AM
OKay, here my situation.
I have applied a saving accoutn from NASA CU and I noticed they even hard pull my experian report (YES, just for a saving account).
However, I like to also get a credit card from them. They told me that they are required to pull AGAIN the credit report. (dont ask me why, i open the membership on Aug 15 and is only 4 days after i call and they told me this).
The guy also said if it is within 30 days period, that 2 pull only effect the report once.
I searched online and noticed there is something call rate shopping (which is multiple inquiry but counted only as one inquiry). However, i noticed it is only apply to mortgage and auto loans, but not to credit card inquiry.
SO people, my questions is,
1st, is the credit card inquriy fit int to the rate shopping method?
2nd, does the guy in customer service correct. multiple inquiry only counted as one (even for credit card.)
need you guys help.
08-19-2013 07:38 AM
08-19-2013 07:39 AM
the cs guy is pretty tricky then.
quite deseparate when a credit report is pulled for a saving account.
im still considering to go for a credit card or not since i really dont want 2 pull within one week.
08-19-2013 08:34 AM
It's pretty much standard for all credit unions to do a hard inquiry when you join and open an initial account. Not really sure why, but its the way CUs operate.
08-21-2013 04:58 PM
just to let u know
i juts open the state department credit union and a hard pull WAS NOT require for their membership.
people who is interested can try
Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more
FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.