topic Re: Capital One 3 pulls? in Credit Cards

Capital One 3 pulls?

The-Credit-Disciple — Wed, 05 Dec 2018 15:55:01 GMT

Great morning Fico Fam

Can someone explain to me the Capital one 3 pulls thing more Clearly please? I heard someone say they love to triple dip

Re: Capital One 3 pulls?

K-in-Boston — Wed, 05 Dec 2018 15:58:36 GMT

Any application with Capital One will result in a hard pull on Equifax, Experian, and TransUnion. They always pull all 3.

Re: Capital One 3 pulls?

imaximous — Wed, 05 Dec 2018 16:05:28 GMT

@K-in-Boston wrote:
Any application with Capital One will result in a hard pull on Equifax, Experian, and TransUnion. They always pull all 3.

... and maybe unrelated, but they do that with auto loans too (got hit twice on all 3 bureaus for 2 car loans). I'd assume they do that with any type of lending.

Re: Capital One 3 pulls?

JR_TX — Wed, 05 Dec 2018 16:28:03 GMT

Yeah anytime you app for a C1 product they do at least 3 pulls! Could even be 4, 5, or 6 if you count LN, IRS/IDA, Sagestream, etc. I won’t even be surprised if they’re also pulling your FB, Twitter, etc...

Re: Capital One 3 pulls?

jbsilva21 — Wed, 05 Dec 2018 16:32:19 GMT

@JR_TX wrote:
Yeah anytime you app for a C1 product they do at least 3 pulls! Could even be 4, 5, or 6 if you count LN, IRS/IDA, Sagestream, etc. I won’t even be surprised if they’re also pulling your FB, Twitter, etc...

Don't forget FBI, NSA, CIA, USMS, and INS.

Re: Capital One 3 pulls?

The-Credit-Disciple — Wed, 05 Dec 2018 17:16:20 GMT

Its getting close for me to app again. And i really want the Savor 1 card for the 3% dining and No Annual fee

Re: Capital One 3 pulls?

Anonymous — Wed, 05 Dec 2018 17:19:11 GMT

While it's certainly not a good thing for consumers, I think newer people might be confused by "triple pull" term. It's just a single pull on each of the major CRAs. So, if you look at say your TU report, Capital One will put a single pull there, no different from say what Barclays would do. So an individual report is no more impacted than with any other issuer that does an HP, it's just it is on all of them. IMO, this is a little less bad than what "triple" might imply, i.e. three HPs on one report.

Re: Capital One 3 pulls?

Thomas_Thumb — Sun, 09 Dec 2018 00:02:46 GMT

@JR_TX wrote:
Yeah anytime you app for a C1 product they do at least 3 pulls! Could even be 4, 5, or 6 if you count LN, IRS/IDA, Sagestream, etc. I won’t even be surprised if they’re also pulling your FB, Twitter, etc...

Regarding 3B pulls...

Recently I spoke to a CSR about a CLI for my Fidelity rewards signature card. They now do a HP with each of the three credit bureaus with no soft pull option! - unbelievable.

Previously they only did a one bureau check (TransUnion) and there was an option for a soft pull. The change in who manages this CC portfolio and resultant shift in policy does not reflect positively on Fidelity.

Just for clarification: I am not saying that Fidelity Visa was transferred from Elan to CapOne. I am saying the CSR told me servicing had changed and the new policy (per the CSR) was a 3B hard inquiry. [other intel on this would be appreciated as I found her statement shocking]

Re: Capital One 3 pulls?

Anonymous — Wed, 05 Dec 2018 19:29:55 GMT

@Thomas_Thumb wrote:
@JR_TX wrote:
Yeah anytime you app for a C1 product they do at least 3 pulls! Could even be 4, 5, or 6 if you count LN, IRS/IDA, Sagestream, etc. I won’t even be surprised if they’re also pulling your FB, Twitter, etc...
Regarding 3B pulls...

Recently I spoke to a CSR about a CLI for my Fidelity rewards signature card. They now do a HP with each of the three credit bureaus with no soft pull option! - unbelievable.

Previously they only did a one bureau check (TransUnion) and there was an option for a soft pull. The change in who manages this CC portfolio and resultant shift in policy does not reflect positively on Fidelity.

Has it moved from Elan yet? The application page still lists Elan.

But I expect the impact on Fidelity to be minute anyway. Most people don't know what a hard pull is(or that you can ask for CLIs for that matter)!

Re: Capital One 3 pulls?

AverageJoesCredit — Wed, 05 Dec 2018 22:08:21 GMT

Regardless, 3 pulls for every card imo is excessive. I can live the 2 pulls even though i dont like it but having to pull all 3 too much for me. Everyone is different in how they view that so ill just be glad im not eligble for any Capitol One cards

Re: Capital One 3 pulls?

SomewhereIn505 — Thu, 06 Dec 2018 01:25:51 GMT

I agree with AJC! I cannot stand the trifecta pull, aka 3 pulls, aka pull every major credit reporting agency!

The more you learn here and hang around us, you’ll soon realize you’ll never want that to happen again.

Re: Capital One 3 pulls?

Jnbmom — Thu, 06 Dec 2018 01:33:13 GMT

That is why is refuse to apply with Crapone anymore.

3 pulls and now it appears triple pulls on CLIs at times, they "are not in my wallet" LOL

Re: Capital One 3 pulls?

jbsilva21 — Thu, 06 Dec 2018 02:48:12 GMT

@Anonymous wrote:
@Thomas_Thumb wrote:
@JR_TX wrote:
Yeah anytime you app for a C1 product they do at least 3 pulls! Could even be 4, 5, or 6 if you count LN, IRS/IDA, Sagestream, etc. I won’t even be surprised if they’re also pulling your FB, Twitter, etc...
Regarding 3B pulls...

Recently I spoke to a CSR about a CLI for my Fidelity rewards signature card. They now do a HP with each of the three credit bureaus with no soft pull option! - unbelievable.

Previously they only did a one bureau check (TransUnion) and there was an option for a soft pull. The change in who manages this CC portfolio and resultant shift in policy does not reflect positively on Fidelity.
Has it moved from Elan yet? The application page still lists Elan.

But I expect the impact on Fidelity to be minute anyway. Most people don't know what a hard pull is(or that you can ask for CLIs for that matter)!

A few years ago I was asking a CSR about a hard or soft pull for a cli and she kept telling me that she did not understand what I was talking about and hung up thinking that I am some kind of pervert.

Re: Capital One 3 pulls?

CreditCuriosity — Thu, 06 Dec 2018 02:54:56 GMT

@Thomas_Thumb wrote:
@JR_TX wrote:
Yeah anytime you app for a C1 product they do at least 3 pulls! Could even be 4, 5, or 6 if you count LN, IRS/IDA, Sagestream, etc. I won’t even be surprised if they’re also pulling your FB, Twitter, etc...
Regarding 3B pulls...

Recently I spoke to a CSR about a CLI for my Fidelity rewards signature card. They now do a HP with each of the three credit bureaus with no soft pull option! - unbelievable.

Previously they only did a one bureau check (TransUnion) and there was an option for a soft pull. The change in who manages this CC portfolio and resultant shift in policy does not reflect positively on Fidelity.

Is fidelity goig to Cap1 vs elan?

Re: Capital One 3 pulls?

_NERD — Thu, 06 Dec 2018 08:24:01 GMT

Oh wow Cap 1 CLI requires a triple HP now? Those used to be free ;(

Re: Capital One 3 pulls?

kdm31091 — Thu, 06 Dec 2018 11:51:29 GMT

The triple pull is kind of excessive, but Capital One is also known to give people a chance who are just starting out (or rebuilding), so it kind of makes sense they want a complete credit profile. For the majority of average consumers, they won't know or care that all 3 bureaus were pulled and they aren't apping frequently enough that it matters.

If they are also now doing a triple pull for CLI, yes, it sucks, but let's be honest, how many CLIs do we really need out of all the ones we ask for? My guess is (if it's true) it is to limit requests to only those who plan on really using the higher limit.

Re: Capital One 3 pulls?

HeavenOhio — Thu, 06 Dec 2018 13:52:36 GMT

@_NERD wrote:
Oh wow Cap 1 CLI requires a triple HP now? Those used to be free ;(

It's Fidelity that's apparently doing the 3B hard pull for CLIs.

Re: Capital One 3 pulls?

Adkins — Thu, 06 Dec 2018 14:44:10 GMT

@The-Credit-Disciple wrote:
Its getting close for me to app again. And i really want the Savor 1 card for the 3% dining and No Annual fee

Are you not eligible for the Uber card? It's 4% for dining and no annual fee.

Re: Capital One 3 pulls?

FinStar — Thu, 06 Dec 2018 17:41:58 GMT

@CreditCuriosity wrote:
@Thomas_Thumb wrote:
@JR_TX wrote:
Yeah anytime you app for a C1 product they do at least 3 pulls! Could even be 4, 5, or 6 if you count LN, IRS/IDA, Sagestream, etc. I won’t even be surprised if they’re also pulling your FB, Twitter, etc...
Regarding 3B pulls...

Recently I spoke to a CSR about a CLI for my Fidelity rewards signature card. They now do a HP with each of the three credit bureaus with no soft pull option! - unbelievable.

Previously they only did a one bureau check (TransUnion) and there was an option for a soft pull. The change in who manages this CC portfolio and resultant shift in policy does not reflect positively on Fidelity.
Is fidelity goig to Cap1 vs elan?

@CreditCuriosity

Sorry for the sidetrack on the 3 CR HP topic, but to answer the above, not to my knowledge. USB is only divesting a portion of the ELAN portfolio (TPY processing for Debit and ATM). The CC piece will remain with ELAN. Some similar articles confirm what's been referenced in the link below:

https://ficoforums.myfico.com/t5/Credit-in-the-News/Elan-Fidelity-CU-small-bank-cards-to-be-sold/td-p/5323086

Now back on topic 😊

Re: Capital One 3 pulls?

The-Credit-Disciple — Thu, 06 Dec 2018 17:48:33 GMT

Whats the Uber Card? 4% sounds great. I might have to google it😁