How many CCs should I have?

[Anonymous]

I have cap one quicksilver

[Anonymous]

A preapproval for a cc is a soft inquiry, correct? And a soft inquiry is no points?

[FinStar]

Correct. If you are using any of the pre-qualification tools, there's already a disclaimer that provides that information since it will not impact your score and/or profile.

[Anonymous]

Ok, thanks 🙏

[Anonymous]

Sense I already have BofA cc the rep says it'll only be a soft inquiry for a BofA cc credit line increase, is this correct? And how many points is taken for a soft?

[coldfusion]

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@Anonymous wrote:

Sense I already have BofA cc the rep says it'll only be a soft inquiry for a BofA cc credit line increase, is this correct? And how many points is taken for a soft?

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Yes. BoA transitioned to using soft pulls from TU for CLI requests about 8 months ago.    

There is always the risk of a HP and for completeness you WILL be warned before submitting the request that the possibility exists of a hard pull.  However,  based on the number of data points collected here since the transition the odds of a hard pull are very small. 

Soft pulls are not disclosed to other creditors and do not impact FICO scores. 

[FinStar]

Correct, BoA CLI requests are SP as of last year. There will be no impact to your credit score with the SP.

[kdm31091]

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@Anonymous wrote:

Sense I already have BofA cc the rep says it'll only be a soft inquiry for a BofA cc credit line increase, is this correct? And how many points is taken for a soft?

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The SP won't impact your score at all, nor will any other creditor see it. The vast majority of BOA CLIs in the last 8 months or so have been SPs, but note that by requesting a CLI, you do give them permission to do a HP. So the SP isn't guaranteed, but it is likely.