topic Re: Soft pull credit limit increases in Credit Card Applications

Soft pull credit limit increases

revjamesl — Thu, 29 Apr 2021 23:25:26 GMT

Is there a link anywhere that specifies which banks are soft pull credit limit increases?

Thanks.

Re: Soft pull credit limit increases

Aim_High — Fri, 30 Apr 2021 00:13:29 GMT

There are a few lenders who always (or almost always) do soft pulls. However, there are quite a few others who may do either, so you'd need to be prepared for the hard pull. Some will soft pull but offer to hard pull if you want to appeal it for a higher limit. Sometimes, it depends on how you ask for it. I've heard that Navy FCU will hard pull if you call and ask a CSR about it but if you do it via the Request CLI link on website or mobile app, it's a soft pull. And then there are some who never soft pull, unless you maybe you get an auto-CLI from them. Keep in mind as you do your research that some lenders have changed. For example, a couple of years ago, Bank of America went from doing hard pulls to soft pulls.

Here's the most recent thread I think I've seen on the topic, and there is a link in it to a Doctor of Credit web article about soft pulls.

https://ficoforums.myfico.com/t5/Credit-Cards/Which-Cards-Offer-SP-CLIs/m-p/6061020

Some that I know that normally do soft pulls are:

Goldman Sachs Apple Card
Bank of America
Navy FCU (via mobile app or website)
Discover
Capital One
Citi
AMEX - Normally soft pulls but may HP or ask for IV or FR
Wells Fargo may CLI on soft pull but they ask if you will accept HP

Re: Soft pull credit limit increases

designated_knitter — Fri, 30 Apr 2021 15:26:37 GMT

@Aim_High wrote:
There are a few lenders who always (or almost always) do soft pulls. However, there are quite a few others who may do either, so you'd need to be prepared for the hard pull. Some will soft pull but offer to hard pull if you want to appeal it for a higher limit. Sometimes, it depends on how you ask for it. I've heard that Navy FCU will hard pull if you call and ask a CSR about it but if you do it via the Request CLI link on website or mobile app, it's a soft pull. And then there are some who never soft pull, unless you maybe you get an auto-CLI from them. Keep in mind as you do your research that some lenders have changed. For example, a couple of years ago, Bank of America went from doing hard pulls to soft pulls.

Here's the most recent thread I think I've seen on the topic, and there is a link in it to a Doctor of Credit web article about soft pulls.

https://ficoforums.myfico.com/t5/Credit-Cards/Which-Cards-Offer-SP-CLIs/m-p/6061020

Some that I know that normally do soft pulls are:

Goldman Sachs Apple Card
Bank of America
Navy FCU (via mobile app or website)
Discover
Capital One
Citi
AMEX - Normally soft pulls but may HP or ask for IV or FR
Wells Fargo may CLI on soft pull but they ask if you will accept HP

I thought Citi does HP CLIs. Or is that just for retail? I know I had a shell and Exxon back in the day and requested CLIs and suddenly my phone blew up with HP alerts.

Re: Soft pull credit limit increases

Horseshoez — Fri, 30 Apr 2021 15:36:10 GMT

Just for kicks and giggles I asked for a CLI on my CapOne Quicksilver card last week; I got the commonly reported $300 increase (from $3,000 to $3,300), and so far at least, none of my credit reports show even a soft pull. Go figure.

Re: Soft pull credit limit increases

Anonymous — Fri, 30 Apr 2021 15:51:21 GMT

@designated_knitter wrote:
@Aim_High wrote:
There are a few lenders who always (or almost always) do soft pulls. However, there are quite a few others who may do either, so you'd need to be prepared for the hard pull. Some will soft pull but offer to hard pull if you want to appeal it for a higher limit. Sometimes, it depends on how you ask for it. I've heard that Navy FCU will hard pull if you call and ask a CSR about it but if you do it via the Request CLI link on website or mobile app, it's a soft pull. And then there are some who never soft pull, unless you maybe you get an auto-CLI from them. Keep in mind as you do your research that some lenders have changed. For example, a couple of years ago, Bank of America went from doing hard pulls to soft pulls.

Here's the most recent thread I think I've seen on the topic, and there is a link in it to a Doctor of Credit web article about soft pulls.

https://ficoforums.myfico.com/t5/Credit-Cards/Which-Cards-Offer-SP-CLIs/m-p/6061020

Some that I know that normally do soft pulls are:

Goldman Sachs Apple Card
Bank of America
Navy FCU (via mobile app or website)
Discover
Capital One
Citi
AMEX - Normally soft pulls but may HP or ask for IV or FR
Wells Fargo may CLI on soft pull but they ask if you will accept HP

I thought Citi does HP CLIs. Or is that just for retail? I know I had a shell and Exxon back in the day and requested CLIs and suddenly my phone blew up with HP alerts.

Citi retail increases are HP. On the core cards there may be language indicating a SP is possible. If one isn't happy with the increase based on the SP, they can elect to take a HP for a further potential increase.

Re: Soft pull credit limit increases

Aim_High — Fri, 30 Apr 2021 17:23:36 GMT

@Anonymous wrote:
@designated_knitter wrote:
@Aim_High wrote:

... Some that I know that normally do soft pulls are:
Citi ...
I thought Citi does HP CLIs. Or is that just for retail? I know I had a shell and Exxon back in the day and requested CLIs and suddenly my phone blew up with HP alerts.
Citi retail increases are HP. On the core cards there may be language indicating a SP is possible. If one isn't happy with the increase based on the SP, they can elect to take a HP for a further potential increase.

Right, I was talking more of my experience with core cards. For my Citi Costco, for example, I can ask for CLI online every six months. It's not a big increase per time but it's a soft pull. It's usually been $3K but during covid decreased to $1.5K.

My last CITI retail card was a Sears card but I closed it several years ago.

Re: Soft pull credit limit increases

FishingGuy — Sat, 01 May 2021 23:42:52 GMT

If you call in you and speak with a rep you can specifically request a soft pull CLI, very often they have the option of a soft or hard pull.

Re: Soft pull credit limit increases

coldfusion — Sun, 02 May 2021 01:02:04 GMT

@Anonymous wrote:
Citi retail increases are HP.

Depends on the specific card. The Home Depot store card for example is a HP. Macy's AMEX and Sears Mastercard however are SPs.

Re: Soft pull credit limit increases

FinStar — Sun, 02 May 2021 01:46:59 GMT

@coldfusion wrote:

@Anonymous wrote:
Citi retail increases are HP.
Depends on the specific card. The Home Depot store card for example is a HP. Macy's AMEX and Sears Mastercard however are SPs.

Sears MC is YEMV. I've seen both outcomes. Mine (past requests) were HP.

Re: Soft pull credit limit increases

MyDataMyChoice — Sun, 02 May 2021 03:30:43 GMT

Capital One and Synchrony

Re: Soft pull credit limit increases

dsotm76 — Sun, 02 May 2021 15:23:03 GMT

Citi retail increases are HP. On the core cards there may be language indicating a SP is possible. If one isn't happy with the increase based on the SP, they can elect to take a HP for a further potential increase.

Taking this a little further based on my experiences with my Citi DC card, it's been SP all the way for each increase. When you go to request the increase it will say if it's going to be an HP or not. The last time I went for an SP CLI, it was declined. The reason was that I capped out on SP CLIs with my limit and anything further would be an HP. I'm a little over $11K, so I'm pretty content with where I'm at.

Now, if only I could get some SP CLIs for my Best Buy card from Citi. I really would like that a bit higher. Sometimes they surprise me with a CLI without asking...but it's been a while.