Good Afternoon Everyone,
Long time since I have posted. I received a few weeks back an email from Elan/Fidelity called "Exclusive Offer: Increase your Credit Line - Request Now"
It states I'm eligble for up to a $2k increase. My question is does anyone have experience with this email. It's certainly targeted to me, but I am not going to waste a hard pull for a measly $2k CLI. I have read all the fine print etc. and not sure if it's a hard pull? The fine print states the following: So obviously, always a possibility of a hard pull, but can anyone confirm if they have recieved this email and it turned out to be a soft pull.
|1||Offer is valid based on an account review as of October 20, 2021. Any credit line increase is subject to information provided in your request and will be subject to final credit processing approval. Offer expires November 30, 2021.|
|2||If we identify that you have a fraud alert on your credit report, a credit report will be pulled and a credit specialist will contact you before further processing. If your credit report is frozen, you will be required to unfreeze with all three consumer reporting agencies (Transunion, Equifax, Experian) in order for us to complete our review.|
|3||By submitting a credit line increase request, you understand that we may, and you authorize us to obtain a copy of your consumer report.|
If it's been at least 6 months since your last CLI request, it's likely a SP. None of my Elan CLI requests have ever been a HP.
I have heard they will likely HP if you request a CLI less than 6 months apart or less than 6 months after opening the account.
I'm curious about this question. I've had my Fidelity card for longer than six months and have never requested a CLI. If I go to the "Credit Limit Increase" page, though, it definitely has HP language. Yet it seems everyone is saying that Fidelity/Elan is usually SP?
No, it's not always SP. It can be, but HP is possible, too.
HP language is always present when requesting CLI, but again, it may result in either.