Soft pull credit cards?

[Anonymous]

I was just wondering if there are any credit card applications that do a soft pull only? I've never seen a thread about that and just wanted to know. If anyone has any personal experience or verifiable information than that would be great. Thanks in advance to whomever posts!

[GoldSorata]

Only ones I know of is NASA FCU (when you app for both membership and a CC together it can be just a SP) YMMV

Some of the Comenity Visa/MC products were a SP via the SCT but that has since changed.

But, getting around having a HP for a new account doesn't hide the fact that you have a new account so I honestly think the point of apping this way is moot.

[Anonymous]

---

@GoldSorata wrote:

But, getting around having a HP for a new account doesn't hide the fact that you have a new account so I honestly think the point of apping this way is moot.

---

Agreed on the NASA, nice softies.

As for why avoid inquiries... new accounts affect your score for about 6 months.  Most credit card underwriting will ignore new accounts after 6 months.

An inquiry affects your score for 1 year...and it stays for 2 years in total.

As an example, I applied for around 40 accounts using soft pulls ... after they showed up as new accounts I was denied EVERYTHING for 6 months.  I tried apping a few times and just gave up.  However,  exactly 6 months after my megaspree, I was again getting approved by most lenders (Barclay, Citibank, Synchrony, Chase, AMEX, BofA).

Conversely, if I had 40 inquiries after 6 months, I believe I'd still be in the doghouse with those same lenders.

[GoldSorata]

---

@Anonymous wrote:

---

@GoldSorata wrote:

But, getting around having a HP for a new account doesn't hide the fact that you have a new account so I honestly think the point of apping this way is moot.

---

Agreed on the NASA, nice softies.

As for why avoid inquiries... new accounts affect your score for about 6 months.  Most credit card underwriting will ignore new accounts after 6 months.

An inquiry affects your score for 1 year...and it stays for 2 years in total.

As an example, I applied for around 40 accounts using soft pulls ... after they showed up as new accounts I was denied EVERYTHING for 6 months.  I tried apping a few times and just gave up.  However,  exactly 6 months after my megaspree, I was again getting approved by most lenders (Barclay, Citibank, Synchrony, Chase, AMEX, BofA).

Conversely, if I had 40 inquiries after 6 months, I believe I'd still be in the doghouse with those same lenders.

---

After 40 new accounts i can't imagine what someone would need to app for in the next year or two

[Anonymous]

Very interest, it's definitely worth investigating NASA CU.  Thanks for the info.

[ddemari]

Nasa im pretty sure is now a hard pull on EX.

[Anonymous]

When I joined early July my checking app and CC app were both SP's on EX. I think the key is to do your credit or loan apps the same day you join.

[Anonymous]

To Roseyk,  I was just wandering how do you get a CL of 234,500 in less than 2 years starting with a cap one at 300.00.  I am really interested and would much appreciate any advice on how you have been so successful...

[Anonymous]

---

@Anonymous wrote:

When I joined early July my checking app and CC app were both SP's on EX. I think the key is to do your credit or loan apps the same day you join.

---

+1

Just did this the other day and got both the Savings and a Visa Cash Rewards card with only EX SP.  SL of $8700 on Visa. Be prepared to verifiy identitiy, income, and proof of address.

[Cookie2120987]

GameStop with approval in store is the only one I know of that can still do soft pulls and approve.