topic Re: Which Banks / Services No Hard Pull On Decline? in Credit Card Applications

Which Banks / Services No Hard Pull On Decline?

Jazee — Sun, 10 Nov 2024 02:36:22 GMT

I've seen at least one bank or it was maybe Nerd Wallet or Experian (can't remember off the topic my head) that said if you're not approved there's no credit hit for the inquiry. This basically then means to me it's a soft pull pre-approval not prequal. What services/banks offer this?

Re: Which Banks / Services No Hard Pull On Decline?

FicoMike0 — Sun, 10 Nov 2024 03:35:37 GMT

Amex has,

APPLY WITH CONFIDENCE

Know If You're Approved for a Card with No Impact to Your Credit Score

Re: Which Banks / Services No Hard Pull On Decline?

MarkintheHV — Sun, 10 Nov 2024 10:43:32 GMT

Several off the top of my head do prequals

NFCU

BoA

Cap 1

Chase Amazon

I am sure more but those come to mind.

Re: Which Banks / Services No Hard Pull On Decline?

Jazee — Sun, 10 Nov 2024 17:06:08 GMT

I assume you don't have to unfreeze before apping but may need to unfreeze if approved and you accept? Or do you need to unfreeze as they'll immediately do hard pull on pre-approval to help determine SLI?

Re: Which Banks / Services No Hard Pull On Decline?

Gunnerboy — Sun, 10 Nov 2024 18:03:46 GMT

Anecdotal: AMEX approved me with all files frozen.

Re: Which Banks / Services No Hard Pull On Decline?

narcan04 — Sun, 10 Nov 2024 23:44:22 GMT

Most data points I've read, to include my own experience, say that NFCU's "prequalification" is not remotely accurate. It often advises people they are pre-qualified for cards to encourage a hard pull application that is then denied.

Agreed on the other banks though, they will pretty reliably tell you off a soft pull if you have a decent shot of approval.

Re: Which Banks / Services No Hard Pull On Decline?

coldfusion — Mon, 11 Nov 2024 13:42:31 GMT

Prequals don't guarantee approval.

As mentioned upthread NFCU prequals are not reliable. As an aside, BoA's online "prequal" is an example of something more of a recommendation portal of what card you might find the most useful than it is an attempt to establish odds of approvla.

In addition to AMEX' current policy of not performing a hard pull until after acceptance of an approval offer (and even then they often don't even do that if you're an existing cardholder, but that isn't guaranteed) the Apple and GM Rewards credit cards are other examples of cards where an application is currently processed using a soft pull and if denied there is no hard pull.

Re: Which Banks / Services No Hard Pull On Decline?

snapcat — Tue, 12 Nov 2024 02:11:12 GMT

I keep getting emails inviting me to apply for the Venmo Mastercard from Synchrony saying there is no hard pull if declined. I haven't tried it, because ... well, it's Synchrony. Why poke the bear when you don't have to.

Re: Which Banks / Services No Hard Pull On Decline?

FicoMike0 — Tue, 12 Nov 2024 02:59:43 GMT

PenFed does pre approval, but requires reports thawed.

My experience with navys pre-approval was I had to thaw tu, they said good for everything, did come through with flagship.

Re: Which Banks / Services No Hard Pull On Decline?

MileHigh96 — Tue, 12 Nov 2024 16:08:35 GMT

There are some Comenity cards (MC/Visa/AmEx) that give pre-quals with no hard pulls and you can see what your max CL would be. Not sure how solid it is though and whether or not there would be a HP and a decline if not approved.

Re: Which Banks / Services No Hard Pull On Decline?

Jazee — Tue, 12 Nov 2024 17:16:49 GMT

@Gunnerboy wrote:
Anecdotal: AMEX approved me with all files frozen.

That's very surprising unless you already had a relationship with Amex? You mean even after final approval and card issued no HP? Wow

Re: Which Banks / Services No Hard Pull On Decline?

Jazee — Tue, 12 Nov 2024 17:22:31 GMT

I've got 0/24 inquiries all bureaus. I'm wondering if it's best to just unthaw even before prequal forms as to just avoid hassle or when they advertise not effect to credit you can rely on that? Can Banks do hp and on denial get inquiries removed? I would think not.

Re: Which Banks / Services No Hard Pull On Decline?

Gunnerboy — Wed, 13 Nov 2024 00:31:27 GMT

@Jazee wrote:
@Gunnerboy wrote:
Anecdotal: AMEX approved me with all files frozen..
That's very surprising unless you already had a relationship with Amex? You mean even after final approval and card issued no HP? Wow

Yes, very long relationship. I was prepared to unfreeze, if my BPP app had required so.

Re: Which Banks / Services No Hard Pull On Decline?

StrongerReturn2018 — Sun, 26 Jan 2025 22:03:20 GMT

@snapcat wrote:
I keep getting emails inviting me to apply for the Venmo Mastercard from Synchrony saying there is no hard pull if declined. I haven't tried it, because ... well, it's Synchrony. Why poke the bear when you don't have to.

It used to be a pre-approval that you could choose to accept or decline. I believe that has changed over the years. 🤷🏼‍♀️

Re: Which Banks / Services No Hard Pull On Decline?

fullstackdev — Tue, 28 Jan 2025 22:28:01 GMT

First Electronic Bank/Imprint card products seem to provide APR and credit limit with only a soft pull. Hard pull when you accept. Some of their cards:
Turkish Airlines Miles and Smiles Visa
Brooks Brothers Mastercard
Eddie Bauer Visa