topic Re: Credit Card increase ( Hard pull ) in Credit Card Applications

Credit Card increase ( Hard pull )

Anonymous — Mon, 14 Dec 2020 00:34:38 GMT

I have 2 credit cards with USAA (Amex & Visa ) unfortunately they hard pull everything including credit line increases. Because I have been a victim of ID theft in the past, I keep all 3 of my credit bureau accounts frozen. I want to know if I have a freeze on my credit , but companies that you already have an account with still can pull your credit periodically ( soft pulls ), if I apply for a credit line increase will it be a hard inquiry accessed to my credit report?

Re: Credit Card increase ( Hard pull )

thornback — Mon, 14 Dec 2020 00:37:35 GMT

@Anonymous wrote:
I have 2 credit cards with USAA (Amex & Visa ) unfortunately they hard pull everything including credit line increases. Because I have been a victim of ID theft in the past, I keep all 3 of my credit bureau accounts frozen. I want to know if I have a freeze on my credit , but companies that you already have an account with still can pull your credit periodically ( soft pulls ), if I apply for a credit line increase will it be a hard inquiry accessed to my credit report?

They can softpull your reports but if the company requires an HP for an increase then you'll either be declined or receive a 7-10 message along with a request to unfreeze. USAA will decline and you'll have to re-apply once the freeze is removed.

Re: Credit Card increase ( Hard pull )

Slabenstein — Mon, 14 Dec 2020 00:41:54 GMT

In the case of your USAA cards, if their policy is to HP for CLIs and you request a CLI with reports frozen, it will result in a denial, not an SP. In general, whether a CLI will be an HP or SP will depend on the lender. For lenders that HP as well as some that SP, a CLI request w/ frozen reports will be denied.

Re: Credit Card increase ( Hard pull )

Anonymous — Mon, 14 Dec 2020 00:43:26 GMT

@thornback wrote:
@Anonymous wrote:
I have 2 credit cards with USAA (Amex & Visa ) unfortunately they hard pull everything including credit line increases. Because I have been a victim of ID theft in the past, I keep all 3 of my credit bureau accounts frozen. I want to know if I have a freeze on my credit , but companies that you already have an account with still can pull your credit periodically ( soft pulls ), if I apply for a credit line increase will it be a hard inquiry accessed to my credit report?
They can softpull your reports but if the company requires an HP for an increase then you'll either be declined or receive a 7-10 message along with a request to unfreeze. USAA will decline and you'll have to re-apply once the freeze is removed.

They actually can't SP you either if it's not coded as an account review.

Re: Credit Card increase ( Hard pull )

thornback — Mon, 14 Dec 2020 00:48:56 GMT

@Anonymous wrote:
@thornback wrote:
@Anonymous wrote:
I have 2 credit cards with USAA (Amex & Visa ) unfortunately they hard pull everything including credit line increases. Because I have been a victim of ID theft in the past, I keep all 3 of my credit bureau accounts frozen. I want to know if I have a freeze on my credit , but companies that you already have an account with still can pull your credit periodically ( soft pulls ), if I apply for a credit line increase will it be a hard inquiry accessed to my credit report?
They can softpull your reports but if the company requires an HP for an increase then you'll either be declined or receive a 7-10 message along with a request to unfreeze. USAA will decline and you'll have to re-apply once the freeze is removed.
They actually can't SP you either if it's not coded as an account review.

I assumed AR is what OP meant when they stated, "but companies that you already have an account with still can pull your credit periodically (soft pulls)".

Thanks for further clarifying that point.

Re: Credit Card increase ( Hard pull )

Anonymous — Mon, 14 Dec 2020 00:59:29 GMT

@thornback wrote:
@Anonymous wrote:
@thornback wrote:
@Anonymous wrote:
I have 2 credit cards with USAA (Amex & Visa ) unfortunately they hard pull everything including credit line increases. Because I have been a victim of ID theft in the past, I keep all 3 of my credit bureau accounts frozen. I want to know if I have a freeze on my credit , but companies that you already have an account with still can pull your credit periodically ( soft pulls ), if I apply for a credit line increase will it be a hard inquiry accessed to my credit report?
They can softpull your reports but if the company requires an HP for an increase then you'll either be declined or receive a 7-10 message along with a request to unfreeze. USAA will decline and you'll have to re-apply once the freeze is removed.
They actually can't SP you either if it's not coded as an account review.
I assumed AR is what OP meant when they stated, "but companies that you already have an account with still can pull your credit periodically (soft pulls)".
Thanks for further clarifying that point.

Yeah but people have the misunderstanding that they can SP for CLIs too. Most of us who get SP CLIs are getting them based off of the AR they completed, not an actual fresh SP. Creditors like Sync and Comenity that do a fresh SP end up sending a letter saying they couldn't see your report.

Re: Credit Card increase ( Hard pull )

thornback — Mon, 14 Dec 2020 01:04:47 GMT

@Anonymous wrote:
Yeah but people have the misunderstanding that they can SP for CLIs too. Most of us who get SP CLIs are getting them based off of the AR they completed, not an actual fresh SP. Creditors like Sync and Comenity that do a fresh SP end up sending a letter saying they couldn't see your report.

You're right. Thanks.