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Best Buy - Soft hit?

Contributor

Best Buy - Soft hit?

Hey everyone!!
So I'm really needing a computer and want to go big. The financing of 12 months no interest is enticing. And I like that they are backed by Citi. So, I was asking about their pulls and the guy said it's a soft pull to apply. Thinking this isn't right, I questioned it and he said he'd check it out with his manager. She said what they do is a "soft hit." Apparently it is a point for 30 days and you get it back as long as you aren't applying everywhere.

Can anyone shed light on this for me? Or is there any confirmation?
BCE AMEX ($15000) - Citi DC ($3100) - Uber Barlayscard ($500) - Hilton Honors AMEX ($5000) - Best Buy Citi Visa ($3000) - Sony/Sync ($2400) - Cap1 Secured ($500) *AVOID!!

Mar 2018 EQ 759 - - Apr 2018 TU 775 - - June 2018 EX 766
Message 1 of 12
11 REPLIES
Community Leader
Senior Contributor

Re: Best Buy - Soft hit?

I’m pretty sure it is a HP (unless something has changed). 

If you really want the card, the HP is worth it IMO. 

AMEX PLATINUM, DELTA PLAT & SPG | PenFed PR | NFCU FS | Discover IT | CAP1 VENTURE | LOWES l NORDSTROM I MACYS I WAYFAIR I
Message 2 of 12
Established Member

Re: Best Buy - Soft hit?

It's a hard pull. I just got the card no more than a month ago. They pulled my Equifax report.
Message 3 of 12
Contributor

Re: Best Buy - Soft hit?

Thank you both so much!! I thought that it would be. Never heard of the soft hit she referred to. I believe they could get in trouble for giving false info about applying. I know at my company, we can get in trouble for it. Not sure if that's directly related to our card issuer or by law.
BCE AMEX ($15000) - Citi DC ($3100) - Uber Barlayscard ($500) - Hilton Honors AMEX ($5000) - Best Buy Citi Visa ($3000) - Sony/Sync ($2400) - Cap1 Secured ($500) *AVOID!!

Mar 2018 EQ 759 - - Apr 2018 TU 775 - - June 2018 EX 766
Message 4 of 12
Regular Contributor

Re: Best Buy - Soft hit?

It's definitely a hard pull. It is also a hard pull for a CLI unless they auto CLI you.


Fico 8: EX - 715 (10 INQs) TU - 736 (14 INQs) EQ - 695 (11 INQs)
Fico 9: EX - 751 (10 INQs) TU - 749 (14 INQs) EQ - 758 (11 INQs)
Message 5 of 12
Frequent Contributor

Re: Best Buy - Soft hit?

it's likely a SP for pre-qual purposes just to see if you're worth the paper work. But it's definitely a HP to open the account.

Message 6 of 12
Regular Contributor

Re: Best Buy - Soft hit?

Best Buy does not have a prequal option like Citi does with HD. Reps will confirm this if you call. 


Fico 8: EX - 715 (10 INQs) TU - 736 (14 INQs) EQ - 695 (11 INQs)
Fico 9: EX - 751 (10 INQs) TU - 749 (14 INQs) EQ - 758 (11 INQs)
Message 7 of 12
Established Contributor

Re: Best Buy - Soft hit?

SP usually for CLI's, Pre-Qualified, Pre-Approval, Insurance quotes... Loans, Credit Cards usually HP's unless it's reported by folks on here. Smiley Wink

Gardening 2020-2021
Total CL 113k+ UTIL 0.01% Uber Visa, DoubleCash, Quicksilver, Discover IT, Freedom Ulimited, Blue Cash, Premier Rewards GOLD
Message 8 of 12
Contributor

Re: Best Buy - Soft hit?

And this is the reason I love this board.  As the employees were trying to get me to apply with false info, it's been corrected by coming on here.  I thought something sounded really strange with the "soft hit' and getting my point back in 30 days.  You all rock!!  Thanks!!

BCE AMEX ($15000) - Citi DC ($3100) - Uber Barlayscard ($500) - Hilton Honors AMEX ($5000) - Best Buy Citi Visa ($3000) - Sony/Sync ($2400) - Cap1 Secured ($500) *AVOID!!

Mar 2018 EQ 759 - - Apr 2018 TU 775 - - June 2018 EX 766
Message 9 of 12
Community Leader
Valued Contributor

Re: Best Buy - Soft hit?

I've frequently heard or overheard the soft pull pitch in various stores. I chalk it up to employees not knowing what they're talking about and that they're simply following instructions from management, who also doesn't know the difference. Some will explain that the effect of an inquiry on one's score is minimal, which is more accurate.

Message 10 of 12