topic Re: Citibank soft pulls in Credit Cards

Citibank soft pulls

Anonymous — Mon, 05 Nov 2012 02:26:48 GMT

It seems as though Citibank is doing a soft pull on my experian report at least once a week. I wonder why? I have citi Aadvantage Amex, Home Depot, and Sears card, so initially I thought it was just them checking my report. Once a week is a bit much, don't you think?

Re: Citibank soft pulls

beb86 — Mon, 05 Nov 2012 02:29:58 GMT

Sometimes the use that to review your account or send out pre-approval offers

Re: Citibank soft pulls

Anonymous — Mon, 05 Nov 2012 02:39:28 GMT

I have never used the sears card, home depot only once for 100 bucks then pif, citi Amex only once for 500 then pif. Maybe they want to see why I haven't used their cards much. Guess I should use them more!

Re: Citibank soft pulls

RonDawg — Mon, 05 Nov 2012 05:13:54 GMT

@Anonymous wrote:
It seems as though Citibank is doing a soft pull on my experian report at least once a week. I wonder why? I have citi Aadvantage Amex, Home Depot, and Sears card, so initially I thought it was just them checking my report. Once a week is a bit much, don't you think?

Funny thing is Citi soft pulled me on one of my department store credit cards and then not even 10 days later they closed the account. The place where I got the card from discontinued the program. Same thing happened with my Target Red Card, they did a soft pull and then closed my account due to inactivity.

Re: Citibank soft pulls

bettercreditguy1 — Mon, 05 Nov 2012 12:56:53 GMT

Like anything, it costs them money just to track an account. (Computer processing/storage time, statements, computer memory, etc.) It is no different than you tracking countless phone numbers in your telephone, just a much larger data base of customers to track.

Re: Citibank soft pulls

Anonymous — Tue, 06 Nov 2012 23:57:54 GMT

Now I know why the soft pulls. Citibank sent me an offer for the Diamond preferred, which I am going to graciously decline!

Re: Citibank soft pulls

Anonymous — Wed, 07 Nov 2012 00:28:14 GMT

I've noticed all of the issuers to my cards softing me pretty regularly. Citi and Chase do it the most.