@ojefferyo wrote:Ok so I have a chase southwest premier visa, the past two weeks i have seen them do a soft pull on my experian. Once on the 14th and once on the 21st, what does that mean? Do you think its for a pre-screened off or maybe for a credit increase. I have not asked for an increase and the card is just over a year old.
Could just be checking on you to make sure you're not burning your empire down 
Lenders do this when they get alerts also say a new account, HP or significant balance change. If you go adding 10 HPs in a month and balances are quickly rising they use this FICO feature to mitigate risk.
For the most part nothing to worry about it is just standard practice especially with newer accounts.
For the most part nothing to worry about it is just standard practice especially with newer accounts.
How long have you had the account? Scores going up? Are you at 6 months / year etc CLI time? We can theorize but bottom line is lenders do what they do lol
@TheGardner wrote:
Lenders do this when they get alerts also say a new account, HP or significant balance change. If you go adding 10 HPs in a month and balances are quickly rising they use this FICO feature to mitigate risk.
For the most part nothing to worry about it is just standard practice especially with newer accounts.
Thats me 
.
I had a conversation about this with a credit analyst at Barclays yesterday. She's like, i see you've open 20 accounts in a span on a year, do you mind telling me why. I simply told her it's because i can afford it and i like getting rewarded for my spending. She's like "i can see you pay the accounts. Based on all the information i see here, i'm unable to approve you for a credit limit increase. I'd advise you to stop applying for card for about a year or so". I was about to scream "NEVER", but then i considered what she said and she actually makes sense. 20 accounts in a span on a year is INSANE lol. No wonder i got FR'd by Amex haha.
@Membersince2013 wrote:
@TheGardner wrote:
Lenders do this when they get alerts also say a new account, HP or significant balance change. If you go adding 10 HPs in a month and balances are quickly rising they use this FICO feature to mitigate risk.
For the most part nothing to worry about it is just standard practice especially with newer accounts.Thats me
I had a conversation about this with a credit analyst at Barclays yesterday. She's like, i see you've open 20 accounts in a span on a year, do you mind telling me why. I simply told her it's because i can afford it and i like getting rewarded for my spending. She's like "i can see you pay the accounts. Based on all the information i see here, i'm unable to approve you for a credit limit increase. I'd advise you to stop applying for card for about a year or so". I was about to scream "NEVER", but then i considered what she said and she actually makes sense. 20 accounts in a span on a year is INSANE lol. No wonder i got FR'd by Amex haha.
Truer words have never been spoken.
