topic Re: Bank of America: A Question Regarding HP's in Credit Cards

Bank of America: A Question Regarding HP's

PrimeRate — Fri, 17 Feb 2017 21:41:50 GMT

I was searching the forum for information on how long HP's last for Bank of America and found a post from Lexie in 2014 claiming they are good for 1 month. I haven't seen her on the forum in some time, but she always gave terrific spot on information. Can anyone confirm this? My fiance grabbed the Merrill card Tuesday night and I was thinking about nudging her to grab the Alaska card via targeted offer as well if the HP is still good.

I'd appreciate any data points! Thanks!

Re: Bank of America: A Question Regarding HP's

kdm31091 — Fri, 17 Feb 2017 21:53:26 GMT

For CLI you have a month, but for new cards it's a distinct HP each time. Sometimes you can get away with one if you apply in quick succession, but since several days have passed, it will be a new pull

Re: Bank of America: A Question Regarding HP's

PrimeRate — Fri, 17 Feb 2017 22:04:36 GMT

Thanks for the clarification KDM! Appreciate you as always!

Re: Bank of America: A Question Regarding HP's

csryang — Fri, 17 Feb 2017 22:15:13 GMT

@kdm31091 wrote:
For CLI you have a month, but for new cards it's a distinct HP each time. Sometimes you can get away with one if you apply in quick succession, but since several days have passed, it will be a new pull

I dont think it's necessary true.

Personal DPs. I applied for 2 BOA cards same day in Dec - one HP in EX. I then applied again within 30 days in Jan for another BOA card - NO HP in my EX report.

When I received the card which I applied in Jan, the paperwork came with it listed that my credit report was pulled back in Dec.

This shows that BOA only pull 1 HP within 30 days. Again YMMV and things can change, but my DP is not the only DP that BOA now pulls only once within 30 days.

You may report your own DP once you have one!

Re: Bank of America: A Question Regarding HP's

kdm31091 — Fri, 17 Feb 2017 22:48:02 GMT

I'd expect the second HP, and just be happy if it doesn't happen. A HP isn't that big of a deal either way.

Re: Bank of America: A Question Regarding HP's

csryang — Fri, 17 Feb 2017 23:15:55 GMT

Also, you may check this thread out:

http://www.doctorofcredit.com/bank-america-credit-card-approvals-without-hard-pull/

Re: Bank of America: A Question Regarding HP's

Anonymous — Sat, 18 Feb 2017 00:54:25 GMT

I'll try to help, but I may just complicate things further LOL.

In July 2016 (July 27) I requested a credit line increase on my 3-2-1 card and got a hard pull on Transunion. Then, in mid-August I applied for an MLB card and got another hard pull on Experian.

Fast forward to this year:

On the 26th of January, I applied for a credit line increase on my 3-2-1 card, then about 10 days later applied for an increase on my MLB card, and about 7 days later got a Travel Rewards Card all on the same Transunion hard pull...this time no Experian (that Transunion hard pull BTW was the holy grail of hard pulls...love BofA)

So, it looks like it just depends....

Re: Bank of America: A Question Regarding HP's

Anonymous — Sat, 18 Feb 2017 01:37:29 GMT

Hmm I just hard pulled a credit line increase...should I tempt calling and seeing if I can get their travel rewards card with the same pull and add another card to my mix....

Re: Bank of America: A Question Regarding HP's

kdm31091 — Sat, 18 Feb 2017 01:47:53 GMT

@Anonymous wrote:
I'll try to help, but I may just complicate things further LOL.

In July 2016 (July 27) I requested a credit line increase on my 3-2-1 card and got a hard pull on Transunion. Then, in mid-August I applied for an MLB card and got another hard pull on Experian.

Fast forward to this year:

On the 26th of January, I applied for a credit line increase on my 3-2-1 card, then about 10 days later applied for an increase on my MLB card, and about 7 days later got a Travel Rewards Card all on the same Transunion hard pull...this time no Experian (that Transunion hard pull BTW was the holy grail of hard pulls...love BofA)

So, it looks like it just depends....

In the past, BOA almost always did a pull on TU for a CLI, and a pull on EX for a new account, which is what you experienced in July. Some people have reported more recently that things have changed somewhat in this regard and they don't get the second pull if it's within 30 days or so.

That said, YMMV, things change all the time.

Re: Bank of America: A Question Regarding HP's

UncleB — Sat, 18 Feb 2017 06:35:41 GMT

I'm not going to say definitively how it works, but I can provide a data point.

I got a CLI on my BBR #1 on December 27, and they did a HP on TU (as expected). On January 7 I applied for BBR #2 and was approved... when I got my card/paperwork it referenced my credit score on TU back on 12/27 as well... there was no HP on EX.

I don't know if the time frame is 30 days, but I can say that they don't always do a HP on EX for new accounts... it's definitely YMMV if they already have a recent HP on file for a CLI request or another application.

While I don't have any plans for another BoA card in the immediate future, if/when the time comes I plan to do a CLI request on an existing card before my new app so that hopefully lightning will strike twice (my TU is always stronger than my EX).

Just my 2¢.

Re: Bank of America: A Question Regarding HP's

Anonymous — Sat, 18 Feb 2017 13:22:30 GMT

New accounts pull Experian. Report is good for 30 days. I app for 10 cards within those 30 days and only 1 hard pull. My first app was for the Merrill lynch card, which I was approved for. The other 9 was denied with no extra pull with in 30 days. Cli request is always with Transunion which can lead to a hard pull.