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Most likely, yes. :-/
Although you want them to report on your CR as well, right? :-D
Hi
It was a hard inquiry (EX) to get turned down for an unsecurred card, 7 days later another hard inquiry (EX) when you apply for the unsecured card and give them your $500 for security and 9 to 10 months later, another hard inquiry (TU) and a measly $500 increase in the credit line. Three inquiries for $1K over 10 months is not worth it unless you need a cc.
@Scuba wrote:Hi
It was a hard inquiry (EX) to get turned down for an unsecurred card, 7 days later another hard inquiry (EX) when you apply for the unsecured card and give them your $500 for security and 9 to 10 months later, another hard inquiry (TU) and a measly $500 increase in the credit line. Three inquiries for $1K over 10 months is not worth it unless you need a cc.
The inquiries that are a year old no longer count against FICO, so there is only 1 inquiry at the end which is calculating. After 2 years there is no record.
@Scuba wrote:Hi
It was a hard inquiry (EX) to get turned down for an unsecurred card,
You can apply for the secured card without applying, and getting denied for, the unsecured card. This saves from having 2 inquiries in the beginning.
@blooro wrote:
I am going to get a BoA secured card, but will this count as a inquiry on my report even though I am setting the limit?
You will end up with at least one and possibly more than one hard INQ app'ing BofA for a secured card. Best route is to call the secured department at BofA directly and ask them. There may be a number in the backdoor thread.