topic Re: Chase doing double pulls now? in Credit Cards

Chase doing double pulls now?

ztnjpv — Thu, 16 May 2013 15:40:08 GMT

I was reading around here the other day that Chase is starting to pull 2 bureau reports instead of just one. Any experience on this? Is this becoming common practice for all apps or are there specifics involving applicants?

I was thinking of applying for two chase cards and am not keen on a double pull.

Re: Chase doing double pulls now?

Anonymous — Thu, 16 May 2013 15:44:35 GMT

@ztnjpv wrote:
I was reading around here the other day that Chase is starting to pull 2 bureau reports instead of just one. Any experience on this? Is this becoming common practice for all apps or are there specifics involving applicants?

I was thinking of applying for two chase cards and am not keen on a double pull.

Usually any CCC wil pull twice if you are "borderline".. If they pull one report and think you barely qualify they may pull a second just to ensure there are no derogs and such.. If you think you are a borderline applicant, then wait until you think you're a lock for the card... You still may risk a double pull but at least you minimize your risk of a double pull by givign yourself the best possible chances..

Re: Chase doing double pulls now?

Anonymous — Thu, 16 May 2013 15:44:41 GMT

Yes looks like it. Pulled EX and EQ each time for me in FL, for a CLI request and for a new card app.

Re: Chase doing double pulls now?

Anonymous — Thu, 16 May 2013 15:47:35 GMT

@Anonymous wrote:
@ztnjpv wrote:
I was reading around here the other day that Chase is starting to pull 2 bureau reports instead of just one. Any experience on this? Is this becoming common practice for all apps or are there specifics involving applicants?

I was thinking of applying for two chase cards and am not keen on a double pull.
Usually any CCC wil pull twice if you are "borderline".. If they pull one report and think you barely qualify they may pull a second just to ensure there are no derogs and such.. If you think you are a borderline applicant, then wait until you think you're a lock for the card... You still may risk a double pull but at least you minimize your risk of a double pull by givign yourself the best possible chances..

Not sure if this is exactly true. My credit is decent and I was instantly approved for the Visa Signature card. It looks like they may be double pulling everyone nowadays.

Re: Chase doing double pulls now?

Anonymous — Thu, 16 May 2013 15:49:50 GMT

@Anonymous wrote:
Yes looks like it. Pulled EX and EQ each time for me in FL, for a CLI request and for a new card app.

They double pulled me for a CLI as well. I'm also in Florida.

Re: Chase doing double pulls now?

Anonymous — Thu, 16 May 2013 15:53:32 GMT

ohh boy! this discussion again! haha

I said it in the previous thread about this and I'll say it again. If its convenient for you (and not expensive). Keep all your reports locked all the time, do a little research and only unlock the one you think they will pull to minimize your HP's across all your reports. If you end up having to recon and they said they want to see another report, by all means unlock the other one as well, but don't make it easy for them to ding your credit profile automatically.

Let the debate begin. haha

Re: Chase doing double pulls now?

Anonymous — Thu, 16 May 2013 15:54:16 GMT

@Anonymous wrote:
@Anonymous wrote:
Yes looks like it. Pulled EX and EQ each time for me in FL, for a CLI request and for a new card app.
They double pulled me for a CLI as well. I'm also in Florida.

Florida's one of those states where most people are deadbeats. So they have to be extra careful.

Re: Chase doing double pulls now?

Anonymous — Thu, 16 May 2013 15:55:38 GMT

FWIW, I've applied twice to Chase (Amazon V and Freedom) and both times they pulled Experian. My last like two or three pulls on EXP are Chase.

Re: Chase doing double pulls now?

calihlove75 — Thu, 16 May 2013 16:08:44 GMT

@Anonymous wrote:
ohh boy! this discussion again! haha

I said it in the previous thread about this and I'll say it again. If its convenient for you (and not expensive). Keep all your reports locked all the time, do a little research and only unlock the one you think they will pull to minimize your HP's across all your reports. If you end up having to recon and they said they want to see another report, by all means unlock the other one as well, but don't make it easy for them to ding your credit profile automatically.

Let the debate begin. haha

You know you are going start an ethical debate or the whole debate on the intended purpose of a freezes..lol but I fully agree with you

Re: Chase doing double pulls now?

theoldnocreditmaster — Thu, 16 May 2013 16:09:02 GMT

I have never had a Chase card before until I applied for the CSP last week. EX was my lowest score. They pulled all three CRA’s on me. It may because of the credit line they issued to me which was 28K - not sure. I want the Marriot Card as a companion card, but it’s not worth another three hits to me at this point and time.

Re: Chase doing double pulls now?

Anonymous — Thu, 16 May 2013 16:12:42 GMT

I have 6 cards with Chase and 5 of the 6 were EX pulls. The 6th one was an EQ since I had that one unfrozen.

Never had a double or triple pull for any cards.

Re: Chase doing double pulls now?

ztnjpv — Thu, 16 May 2013 16:17:11 GMT

Thanks for all the replies.

I only have one chase card right now...the INK. And it was a single pull on TU. I'm in PA. I had a low 700s score at the time. That's all I know.

Re: Chase doing double pulls now?

JonStur — Thu, 16 May 2013 16:51:36 GMT

Approved for Freedom last week, pulled TU in Ohio....

Re: Chase doing double pulls now?

Cheryla18 — Thu, 16 May 2013 16:58:56 GMT

@Anonymous wrote:
ohh boy! this discussion again! haha

I said it in the previous thread about this and I'll say it again. If its convenient for you (and not expensive). Keep all your reports locked all the time, do a little research and only unlock the one you think they will pull to minimize your HP's across all your reports. If you end up having to recon and they said they want to see another report, by all means unlock the other one as well, but don't make it easy for them to ding your credit profile automatically.

Let the debate begin. haha

Lol....I am not usually on this board.....I'm mainly still on the rebuilding board.......newbie question...How do you know which CCC will pull which report in order to unlock the correct CRB?

Re: Chase doing double pulls now?

Revelate — Thu, 16 May 2013 17:08:34 GMT

@Cheryla18 wrote:
@Anonymous wrote:
ohh boy! this discussion again! haha

I said it in the previous thread about this and I'll say it again. If its convenient for you (and not expensive). Keep all your reports locked all the time, do a little research and only unlock the one you think they will pull to minimize your HP's across all your reports. If you end up having to recon and they said they want to see another report, by all means unlock the other one as well, but don't make it easy for them to ding your credit profile automatically.

Let the debate begin. haha
Lol....I am not usually on this board.....I'm mainly still on the rebuilding board.......newbie question...How do you know which CCC will pull which report in order to unlock the correct CRB?

Not sure I agree with the strategy (seems pointless waste of time and effort to me, inquiries aren't a big deal in the FICO model), but if you google for "credit pulls database" there's a most excellent online resource by lender. Attempting to force a lender to use a specific bureau isn't ethical, and this middle ground is a little suspect too as a result.

Re: Chase doing double pulls now?

Anonymous — Thu, 16 May 2013 17:40:20 GMT

Just wanted to say I applied for FREEDOM and they pulled EX and TU for me. Im in Indiana.

Re: Chase doing double pulls now?

09Lexie — Thu, 16 May 2013 17:42:54 GMT

@NJ

Always trying to start something. Lol

Re: Chase doing double pulls now?

Anonymous — Thu, 16 May 2013 17:45:53 GMT

@Revelate wrote:
@Cheryla18 wrote:
@Anonymous wrote:
ohh boy! this discussion again! haha

I said it in the previous thread about this and I'll say it again. If its convenient for you (and not expensive). Keep all your reports locked all the time, do a little research and only unlock the one you think they will pull to minimize your HP's across all your reports. If you end up having to recon and they said they want to see another report, by all means unlock the other one as well, but don't make it easy for them to ding your credit profile automatically.

Let the debate begin. haha
Lol....I am not usually on this board.....I'm mainly still on the rebuilding board.......newbie question...How do you know which CCC will pull which report in order to unlock the correct CRB?
Not sure I agree with the strategy (seems pointless waste of time and effort to me, inquiries aren't a big deal in the FICO model), but if you google for "credit pulls database" there's a most excellent online resource by lender. Attempting to force a lender to use a specific bureau isn't ethical, and this middle ground is a little suspect too as a result.

Not trying to force a lender to pull my most favorable report in the least. I'm just trying to limit the lender to what they are likely to pull. For me its a matter of "paying" more than sticker price for the credit line I want. my relationship between the CCC and myself is a business one. As such, I will pay a price I feel is justified. Namely one pull. If they want to renegotiate, I'm fine with that, just not going to immediately pay their asking price and I want the choice whether to pay the higher price.

Re: Chase doing double pulls now?

Anonymous — Thu, 16 May 2013 17:46:28 GMT

@09Lexie wrote:
@Anonymous

Always trying to start something. Lol

Re: Chase doing double pulls now?

Revelate — Thu, 16 May 2013 18:25:28 GMT

@Anonymous wrote:
@Revelate wrote:
Not sure I agree with the strategy (seems pointless waste of time and effort to me, inquiries aren't a big deal in the FICO model), but if you google for "credit pulls database" there's a most excellent online resource by lender. Attempting to force a lender to use a specific bureau isn't ethical, and this middle ground is a little suspect too as a result.
Not trying to force a lender to pull my most favorable report in the least. I'm just trying to limit the lender to what they are likely to pull. For me its a matter of "paying" more than sticker price for the credit line I want. my relationship between the CCC and myself is a business one. As such, I will pay a price I feel is justified. Namely one pull. If they want to renegotiate, I'm fine with that, just not going to immediately pay their asking price and I want the choice whether to pay the higher price.

Yeah, that's why I termed it a middle ground. I underestand your point, simply we have different values for the cost of an inquiry. If I'm applying for a card, it's because there's a financial reward involved either by establishing my credit report, or now looking at better rewards packages for my spend. That tends to overshadow any slight penalty incurred by an additional inquiry on a secondary or tertiary bureau.