topic Re: Us bank visa CLI hard or sofrt pull in Credit Card Applications

Us bank visa CLI hard or sofrt pull

firefox100 — Thu, 10 Oct 2019 17:44:44 GMT

I had called Us bank about to set up 5 percent earnings for next three months and just after having card for six months could I ask for cli with out a hard pull, thay told me that it could be soft pull but thay could do hard pull if thay need mo info. Once you ask for cli you can't stop the process. You don't know if you will get hard pull or not. What is the expexperience with US bank and is ther any way to know if you are going to get hard pull.

Re: Us bank visa CLI hard or sofrt pull

Anonymous — Thu, 10 Oct 2019 19:19:46 GMT

Almost always a HP. Some people have had luck with only a SP if they ask for an increase under $1500, but not all. Expect a HP.

Re: Us bank visa CLI hard or sofrt pull

Remedios — Thu, 10 Oct 2019 22:32:07 GMT

Unless you get an email notifying you SP CLI is available, you should expect HP.
If you call for CLI and card is older than 6 months, CSR wont be able to tell you if it will be SP or HP.

Under 6 months HP, probably with poor results.
You could recon the amount but that will be another HP.

If you're a fan of SP CLIs, US Bank will be a sore disappointment in that respect.

Re: Us bank visa CLI hard or sofrt pull

JR_TX — Thu, 10 Oct 2019 22:36:32 GMT

Expect a HP.
Learned that lesson last month when I only asked for $1K thinking it might be a SP.
Nope. HP!! Good thing they gave me $6K though.

Re: Us bank visa CLI hard or sofrt pull

Meanmchine — Fri, 11 Oct 2019 00:19:17 GMT

@Remedios wrote:
Unless you get an email notifying you SP CLI is available, you should expect HP.
If you call for CLI and card is older than 6 months, CSR wont be able to tell you if it will be SP or HP.

Under 6 months HP, probably with poor results.
You could recon the amount but that will be another HP.

If you're a fan of SP CLIs, US Bank will be a sore disappointment in that respect.

Im gonna file this information away for when Im no longer gardening

Re: Us bank visa CLI hard or sofrt pull

Remedios — Fri, 11 Oct 2019 00:44:20 GMT

@Meanmchine wrote:
@Remedios wrote:
Unless you get an email notifying you SP CLI is available, you should expect HP.
If you call for CLI and card is older than 6 months, CSR wont be able to tell you if it will be SP or HP.

Under 6 months HP, probably with poor results.
You could recon the amount but that will be another HP.

If you're a fan of SP CLIs, US Bank will be a sore disappointment in that respect.
Im gonna file this information away for when Im no longer gardening

It's okay if you dont. I love the sound of my own typing

Re: Us bank visa CLI hard or sofrt pull

SunriseEarth — Fri, 11 Oct 2019 01:57:04 GMT

Last time I called US Bank for CLI, I didn't actually provide a requested amount; they just offered me a $5K CLI. I accepted, of course, and it was SP. In the past, generally anything at $1500 or under was instant and SP, but anything over was not instant and required HP.

My recommendation would be to call in and, if they ask for a specific amount, keep it at $1500 or less. If they offer you more before you ask for a specific amount, take it.

Re: Us bank visa CLI hard or sofrt pull

Meanmchine — Fri, 11 Oct 2019 02:20:45 GMT

Has USBank gotten over their little game of giving $500 SLs ?

Re: Us bank visa CLI hard or sofrt pull

Anonymous — Fri, 11 Oct 2019 03:16:09 GMT

@Meanmchine wrote:
Has USBank gotten over their little game of giving $500 SLs ?

Haven't seen one of those in awhile. Now they just deny the unworthy. 🤷‍♂️

Re: Us bank visa CLI hard or sofrt pull

firefox100 — Fri, 11 Oct 2019 16:48:22 GMT

The question is why do some banks require hard pull to increase the credit line on account that thay allready have done a hard pull, and other banks such as synchrony , Bank of america and citi will go head an increase the credit line with soft pull only, why is this. Does bank get more info with a hard pull then if a soft pull is done. Is ther a legal reason or is because of risk managenemt. What is behind some banks use foft pull and others like barclay's will not increase line with a doing a hard pull?

Re: Us bank visa CLI hard or sofrt pull

Brian_Earl_Spilner — Fri, 11 Oct 2019 17:07:08 GMT

@firefox100 wrote:
The question is why do some banks require hard pull to increase the credit line on account that thay allready have done a hard pull, and other banks such as synchrony , Bank of america and citi will go head an increase the credit line with soft pull only, why is this. Does bank get more info with a hard pull then if a soft pull is done. Is ther a legal reason or is because of risk managenemt. What is behind some banks use foft pull and others like barclay's will not increase line with a doing a hard pull?

Because a HP is a record of you requesting credit. That's the whole point of a HP, so that lenders can see how often you request new credit. Lenders don't like credit seeking behavior.

Take amex for example, if you're an existing member you can apply, for the most part, as many times as you want for an additional card with a SP. You can be turned down 30 times in a week before being approved and the only thing that will show up on your reports is a new card a couple of months after an approval. Lenders would have no idea you put in 30 apps in a week. Do that with a lender that HPs everything and there's a record of excessive credit seeking.

EDIT: it would also apply to CLIs. You can ask Discover and cap1 multiple times a day, everyday and nobody would know how desperate you are to get an increase. Recording those requests as HP will show everyone your desperation.

Re: Us bank visa CLI hard or sofrt pull

firefox100 — Fri, 11 Oct 2019 18:32:39 GMT

Yes a Hard pull shows that your looking for credit, that is not question some bank have a policy of giving you credit line increase with out hard pull and other bank want to let the hole world know that your looking for more credit lines. You can tell if some one is bad shape by looking to see how close thay are to ther credit limits. Is it business model for example you can apply for the Apple card from GS with soft pull then if you approved and you except the terms and open the account then you get a hard pull. I think soft pulls are a selling point.

Re: Us bank visa CLI hard or sofrt pull

Brian_Earl_Spilner — Sun, 13 Oct 2019 20:46:21 GMT

@firefox100 wrote:

Yes a Hard pull shows that your looking for credit, that is not question some bank have a policy of giving you credit line increase with out hard pull and other bank want to let the hole world know that your looking for more credit lines. You can tell if some one is bad shape by looking to see how close thay are to ther credit limits. Is it business model for example you can apply for the Apple card from GS with soft pull then if you approved and you except the terms and open the account then you get a hard pull. I think soft pulls are a selling point.

The problem is it doesn't show an accurate picture of someone's credit seeking. Some banks are adamant about making sure it gets recorded because they would want an accurate picture to minimize the chance of them getting burned.

Re: Us bank visa CLI hard or sofrt pull

Winesnoblv — Sun, 13 Oct 2019 20:52:04 GMT

US Bank is usually a hard pull. When I called for a cli on my AR, I asked if it would be a sp or hp. Was told they would need to pull my credit which they did. Fortunately, it resulted in a cli of $5k.

Re: Us bank visa CLI hard or sofrt pull

expatCanuck — Thu, 15 Oct 2020 18:45:59 GMT

@Meanmchine wrote:
Has USBank gotten over their little game of giving $500 SLs ?

It's not just USB. CapOne does that too (5K Savor One to 5.5K).

Idiots. I was sorely tempted to tell them to keep it -- it's easier to calculate util out of 5K even.

Re: Us bank visa CLI hard or sofrt pull

coldfusion — Thu, 15 Oct 2020 20:32:49 GMT

contrarian DPs

2 x CLI requests made online on my Cash+

CLI request #1: $1500 instant approval, SP

CLI request #2: $3K instant approval, SP

I average about $600/month on the card, almost exclusively 5% CB category

Re: Us bank visa CLI hard or sofrt pull

Remedios — Thu, 15 Oct 2020 21:15:34 GMT

This thread is a year old. DPs have changed significantly, there is hardly anything contrarian about changing UW practices

Since then, I got one SP on cash+ for $4000, second one few months ago was for $7000.

AR two SPs, each at $4000, one HP for $6000. Last attempt, they wanted to do a HP.

If anyone finds $500.00 bothersome, they will gladly reduce it by that amount.

It's their money after all.

Re: Us bank visa CLI hard or sofrt pull

firefox100 — Thu, 15 Oct 2020 22:09:41 GMT

From what I understand talking to US bank underwriting is, if you are asking for credit line increase the system will try to approve you for increase first with ssoft pull by looking at there internal system, if they can't approve you for the increase then they will do a hard pull to see if you meet the bank's requirements. US bank does soft pull once month to keep an eye on your credit reports. When you do request credit line increase they use the last soft pull they have on hand, they do not do soft pull at the time the request is put in. Once you start the process you can't stop and you may be denied increase and you will have hard pull to show for it.

For example, last July I open a US altitude go visa and got starting cl of 10K, and ask for cli on my visa pluse card which had cl of 14.5K and got instant credit increase to

@Remedios wrote:
This thread is a year old. DPs have changed significantly, there is hardly anything contrarian about changing UW practices
Since then, I got one SP on cash+ for $4000, second one few months ago was for $7000.
AR two SPs, each at $4000, one HP for $6000. Last attempt, they wanted to do a HP.

If anyone finds $500.00 bothersome, they will gladly reduce it by that amount.
It's their money after all.

19.5K which was soft pull.