topic Re: Cards that don’t affect your score if you’re declined? in Credit Cards

Cards that don’t affect your score if you’re declined?

crystal626 — Wed, 14 Sep 2022 19:00:47 GMT

I know there is PayPal and AMEX. Any other issuers doing this? Trying to help a friend of mine get a card but he doesn't want a hard pull for a no. He already has the Apple Card. Looking for cash back preferably.

Re: Cards that don’t affect your score if you’re declined?

OmarGB9 — Wed, 14 Sep 2022 19:08:08 GMT

The GM card by Goldman Sachs (same issuer as Apple card). But why do you say Amex wouldn't hurt you? Is friend an existing cardholder? Even if they are, the SP app isn't guaranteed.

Re: Cards that don’t affect your score if you’re declined?

wasCB14 — Wed, 14 Sep 2022 19:14:36 GMT

What sort of credit history does he have? Do you know what other cards he has or wants, beyond cash back rewards in general?

One "wasted" HP isn't a big deal, and a determined effort to avoid it as a possibility may steer a person towards otherwise mediocre or poorly-suited cards.

Re: Cards that don’t affect your score if you’re declined?

Aim_High — Wed, 14 Sep 2022 19:29:21 GMT

Cards that only do a soft pull pre-approval are definitely on the rare side, @crystal626 There have been lenders that will do a soft pull pre-qualification but no absolute guarantee of the final outcome. (Pre approvals are more firm than prequals.) I believe Goldman Sachs was the first do this with a guarantee on the Apple card and now the GM card. And AMEX is now following suit. Maybe others will do it as well.

Here is a link to a My Fico Forums listing of cards that do >SOFT PULL Prequalifications.< Again, my understanding is that these are *not* as firm as the Goldman Sachs offers. So while the title is Preapprovals, I think most on this list are more prequalifications.

@OmarGB9 wrote:
The GM card by Goldman Sachs (same issuer as Apple card). But why do you say Amex wouldn't hurt you? Is friend an existing cardholder? Even if they are, the SP app isn't guaranteed.

@OmarGB9, there is recent thread about new AMEX soft pull language for preapprovals, even without existing relationship. (However, like Goldman Sachs, the HP would still be done on a new cardholder if the offer is accepted.) See >this thread.<

Re: Cards that don’t affect your score if you’re declined?

crystal626 — Wed, 14 Sep 2022 19:22:18 GMT

@OmarGB9 wrote:
The GM card by Goldman Sachs (same issuer as Apple card). But why do you say Amex wouldn't hurt you? Is friend an existing cardholder? Even if they are, the SP app isn't guaranteed.

AMEX has a new thing where they say they won't affect your credit if you are declined. There is a post about it here and they have this banner that says so on the link that was posted.

https://www.americanexpress.com/us/credit-cards/?inav=menu_cards_prequal_offer

Re: Cards that don’t affect your score if you’re declined?

crystal626 — Wed, 14 Sep 2022 19:25:02 GMT

@wasCB14 wrote:
What sort of credit history does he have? Do you know what other cards he has or wants, beyond cash back rewards in general?

One "wasted" HP isn't a big deal, and a determined effort to avoid it as a possibility may steer a person towards otherwise mediocre or poorly-suited cards.

He's not really willing to share all the details but he's not got any derogatory items right now, nothing is maxed out, so he's gotta be in the 700s.

I told him to get a card with NFCU and I'm hoping he takes the chance on that pull but he's going to check AMEX too. He said he's not interested in the PayPal card so I was hoping I could give him at least one other suggestion.

Re: Cards that don’t affect your score if you’re declined?

crystal626 — Wed, 14 Sep 2022 19:26:57 GMT

@Aim_High wrote:
Cards that only do a soft pull preapproval are definitely on the rare side, @crystal626 There have been lenders that will do a soft pull preapproval but no absolute guarantee of the final outcome. I believe Goldman Sachs was the first do this with a guarantee on the Apple card and now the GM card. And AMEX is now following suit. Maybe others will do it as well.

Here is a link to a My Fico Forums listing of cards that do >SOFT PULL preapprovals.< Again, my understanding is that these are *not* as firm as the Goldman Sachs offers.

@OmarGB9 wrote:
The GM card by Goldman Sachs (same issuer as Apple card). But why do you say Amex wouldn't hurt you? Is friend an existing cardholder? Even if they are, the SP app isn't guaranteed.
@OmarGB9, there is recent thread about new AMEX soft pull language for preapprovals, even without existing relationship. (However, like Goldman Sachs, the HP would still be done on a new cardholder if the offer is accepted.) See >this thread.<

The PayPal card does it too now where you only get the pull if you're approved . Hopefully they have more in the future doing that. He wants something solid, not just a normal prequal thing, so I guess since he doesn't want PayPal, that means AMEX or nothing for him.

Re: Cards that don’t affect your score if you’re declined?

Remedios — Wed, 14 Sep 2022 19:38:02 GMT

@crystal626 wrote:
@wasCB14 wrote:
What sort of credit history does he have? Do you know what other cards he has or wants, beyond cash back rewards in general?

One "wasted" HP isn't a big deal, and a determined effort to avoid it as a possibility may steer a person towards otherwise mediocre or poorly-suited cards.
He's not really willing to share all the details but he's not got any derogatory items right now, nothing is maxed out, so he's gotta be in the 700s.

I told him to get a card with NFCU and I'm hoping he takes the chance on that pull but he's going to check AMEX too. He said he's not interested in the PayPal card so I was hoping I could give him at least one other suggestion.

Well, if he isn't willing to share details, how is anyone really supposed to help?

It's like asking for directions without disclosing destination.

Re: Cards that don’t affect your score if you’re declined?

Bill77 — Wed, 14 Sep 2022 20:10:35 GMT

Venmo credit card.

Re: Cards that don’t affect your score if you’re declined?

CYBERSAM — Wed, 14 Sep 2022 21:29:06 GMT

X1 Card has SP with SL, but then HP to finalize the application. However they do require access to bank statement for income verification.

Re: Cards that don’t affect your score if you’re declined?

FireMedic1 — Wed, 14 Sep 2022 21:39:45 GMT

@crystal626Does your friend have many HP's and doesnt want anyomore? What about scores? Baddies? That will help to guide you (freind) in the right direction. Its a generic question really. Need more info please.

Re: Cards that don’t affect your score if you’re declined?

AlanGJP — Wed, 14 Sep 2022 22:11:51 GMT

Without specifics it's really hard to offer any solid advice.

That said, I would use the soft-pull credit card list here to find where he stands. None of these will do a hard pull right off the bat. (I think one or two might, but they are marked as such -- I'd avoid those) I'd go through the list, see which he's approved/denied for, then make a decision from there. If he's approved for all/most, chances are he'll be approved for almost any card.

https://ficoforums.myfico.com/t5/General-Credit-Topics/Soft-Pull-Pre-Qualify-Links-Part-2-Updated-2-10-2022/td-p/6435323

Good luck.

Re: Cards that don’t affect your score if you’re declined?

heirophant — Sat, 17 Sep 2022 00:05:56 GMT

Walgreens does it too. Great card if you shop at Walgreens. Really good rewards.

Re: Cards that don’t affect your score if you’re declined?

Inspiredman — Sat, 17 Sep 2022 01:38:32 GMT

Does Paypal Mastercard do this or do they have a pre qual link ?

Re: Cards that don’t affect your score if you’re declined?

crystal626 — Fri, 23 Sep 2022 17:14:58 GMT

@FireMedic1 wrote:
@crystal626Does your friend have many HP's and doesnt want anyomore? What about scores? Baddies? That will help to guide you (freind) in the right direction. Its a generic question really. Need more info please.

He doesn't want to give the info. He's also refusing every suggestion I give him to try. PayPal isn't good enough because they've supposedly been closing some YouTuber's accounts based on politics, AMEX isn't accepted everywhere blah blah blah. I give up. Meanwhile I got a $16K credit limit from the same PayPal card he shot down. His loss I guess.

Re: Cards that don’t affect your score if you’re declined?

crystal626 — Fri, 23 Sep 2022 17:16:07 GMT

@Inspiredman wrote:
Does Paypal Mastercard do this or do they have a pre qual link ?

PayPal says right on the site that they only HP if approved. I did it the other day and was instantly approved with a HP after being denied with no HP like two months ago.

Re: Cards that don’t affect your score if you’re declined?

JNA1 — Sat, 24 Sep 2022 06:55:42 GMT

@crystal626 wrote:
@FireMedic1 wrote:
@crystal626Does your friend have many HP's and doesnt want anyomore? What about scores? Baddies? That will help to guide you (freind) in the right direction. Its a generic question really. Need more info please.
He doesn't want to give the info. He's also refusing every suggestion I give him to try. PayPal isn't good enough because they've supposedly been closing some YouTuber's accounts based on politics, AMEX isn't accepted everywhere blah blah blah. I give up. Meanwhile I got a $16K credit limit from the same PayPal card he shot down. His loss I guess.

I work with a guy like this. He came to me based on me helping several other people rebuild their credit scores and helping some guys with a good rewards strategy.
This guy asks what he should get and what would be best, and when I asked what cards he already had, he said he wasn't comfortable telling me the cards he already had. I told him that I really couldn't help him not knowing that. He said "Well, just make a list of "good cards" and if I already have them, I'll just look at the others." Ok... I should have stopped there, but I asked what was biggest areas of spend or he was needing a BT, etc. Again he says "I'm not really comfortable talking about all that."
At that point I just told him he needed to figure that out on his own. I told him that me giving any advice based not know the situation probably wouldn't help him much.

Re: Cards that don’t affect your score if you’re declined?

Aim_High — Mon, 26 Sep 2022 16:48:02 GMT

@JNA1 wrote:
I work with a guy like this. He came to me based on me helping several other people rebuild their credit scores and helping some guys with a good rewards strategy.

This guy asks what he should get and what would be best, and when I asked what cards he already had, he said he wasn't comfortable telling me the cards he already had. I told him that I really couldn't help him not knowing that. He said "Well, just make a list of "good cards" and if I already have them, I'll just look at the others." Ok... I should have stopped there, but I asked what was biggest areas of spend or he was needing a BT, etc. Again he says "I'm not really comfortable talking about all that."

At that point I just told him he needed to figure that out on his own. I told him that me giving any advice based not know the situation probably wouldn't help him much.

That seems odd, @JNA1, especially since he came to you for advice.

My guesses are that your coworker either:

Is embarassed about the cards he already has and doesn't want word to get out.
Doesn't really know which cards he has without looking and didn't want to look stupid since he knows you are informed.
Doesn't really know his major spending areas and either doesn't want to admit that or doesn't want to do the work to gather it for you.
Has some peculiar spending habits (super frugal saver or super lax spender) and doesn't want word to get out.
Has major trust issues since you were just asking for general information (not account numbers or to see the cards) and perhaps doesn't understand that sharing that information isn't a security threat.

People outside the card community sometimes don't understand the complexities of picking a simple credit card or two.

Re: Cards that don’t affect your score if you’re declined?

JNA1 — Tue, 27 Sep 2022 00:51:25 GMT

@Aim_High wrote:
@JNA1 wrote:
I work with a guy like this. He came to me based on me helping several other people rebuild their credit scores and helping some guys with a good rewards strategy.

This guy asks what he should get and what would be best, and when I asked what cards he already had, he said he wasn't comfortable telling me the cards he already had. I told him that I really couldn't help him not knowing that. He said "Well, just make a list of "good cards" and if I already have them, I'll just look at the others." Ok... I should have stopped there, but I asked what was biggest areas of spend or he was needing a BT, etc. Again he says "I'm not really comfortable talking about all that."

At that point I just told him he needed to figure that out on his own. I told him that me giving any advice based not know the situation probably wouldn't help him much.
That seems odd, @JNA1, especially since he came to you for advice.

My guesses are that your coworker either:
Is embarassed about the cards he already has and doesn't want word to get out.
Doesn't really know which cards he has without looking and didn't want to look stupid since he knows you are informed.
Doesn't really know his major spending areas and either doesn't want to admit that or doesn't want to do the work to gather it for you.
Has some peculiar spending habits (super frugal saver or super lax spender) and doesn't want word to get out.
Has major trust issues since you were just asking for general information (not account numbers or to see the cards) and perhaps doesn't understand that sharing that information isn't a security threat.
People outside the card community sometimes don't understand the complexities of picking a simple credit card or two.

Yeah, I agree. This dude is kind of an odd cat anyway, so I guess I shouldn't be too surprised. That said, why even ask for help if you are going to get weird about any details. I just can't imagine he wouldn't have thought I would at least asked basic questions about what cards he had. He seemed genuinely surprised that I asked.
He is a real nervous, scary type though. He's the undisputed PPE Champion of the of the whole company. I imagine him putting on gloves to brush his teeth, but I can't confirm it! 😂

Maybe he thinks I can somehow access his cards if I know which ones he has! 🤷‍♂️😂