Getting Approved For A CC With A Soft Pull

[Mendel93]

Just because someone said something, it doesn't mean it's true

I have heard it from more than one company. To say that they are all a bunch of liars is an option but not the first option.  If you don't know doesn't mean it's impossible that's the reason we're here to gather information together.

[Cappy]

I have heard it from more than one company. To say that they are all a bunch of liars is an option but not the first option.  If you don't know doesn't mean it's impossible that's the reason we're here to gather information together.

I'm here to protect you bud. I don't want you to run into any problems...

PM me if you'd like...

[Mendelssohn]

http://www.doctorofcredit.com/shopping-cart-trick-get-credit-cards-without-the-hard-pull/

Most of those cards are useless.

[Mendelssohn]

Jumping to conclusions based on nothing?!

Cappy is correct.

[Mendelssohn]

And yes, there IS a trick to getting a NASA FCU CC with a SP only if you know what you're doing.

[David Smith]

And yes, there IS a trick to getting a NASA FCU CC with a SP only if you know what you're doing.

Yup. We were waiting for you and Cappy to get involved in this conversation.

[Mendel93]

And yes, there IS a trick to getting a NASA FCU CC with a SP only if you know what you're doing.

Ohh wow so there's a way,  would you mind sharing?  With much appreciation!

[Mendelssohn]

Apply for membership first and the CC right afterwards.  For most people in this thread, it resulted in 2 soft pulls:  https://creditboards.com/forums/index.php?showtopic=534206

PenFed also gives quarterly soft pull pre approvals that do not result in a HP if accepted.  It's an EQ HP to join though, but you can also use that same HP for any applications for 90 days. 

MOST cards that you can get with a SP are complete garbage and a waste of time, unless your goal is to get a pile of $250 credit limit store cards.

[David Smith]

Apply for membership first and the CC right afterwards.  For most people in this thread, it resulted in 2 soft pulls:  https://creditboards.com/forums/index.php?showtopic=534206

PenFed also gives quarterly soft pull pre approvals that do not result in a HP if accepted.  It's an EQ HP to join though, but you can also use that same HP for any applications for 90 days. 

MOST cards that you can get with a SP are complete garbage and a waste of time, unless your goal is to get a pile of $250 credit limit store cards.

PenFed would depend on his profile, no? I thought if you come in with bad credit you get blacklisted from the soft pull approvals.

[Mendelssohn]

PenFed would depend in his profile, no? I thought if you come in with bad credit you get blacklisted from the soft pull approvals.

Correct.  Many people who join PenFed with less than perfect credit end up being put in with their "undesirables" group and even after their credit is perfect, they never get the quarterly SP pre approvals.

It's best to join PenFed with a clean EQ and low utilization.

[Cappy]

MOST cards that you can get with a SP are complete garbage and a waste of time, unless your goal is to get a pile of $250 credit limit store cards.

People are always thinking that excessive inquirys are the reason they are getting denied and they are afraid to app since they have so many.  Usually not the real reason anyway for denial even if they give that as the reason.

As per the OP, he should get himself a prybar and he should be able to get himself High Limits on all his new cards.

[Hershelsdeals]

People are always thinking that excessive inquirys are the reason they are getting denied and they are afraid to app since they have so many.  Usually not the real reason anyway for denial even if they give that as the reason.

As per the OP, he should get himself a prybar and he should be able to get himself High Limits on all his new cards.

-1
Of course excessive inquirys hurt CC approvals.

[David Smith]

-1
Of course excessive inquirys hurt CC approvals.

You're speaking from a credit expert's standpoint, or what you've heard? You just contradicted someone who's spent a lot of time researching this based on a myth you've been fed from childhood.

[Mendelssohn]

-1
Of course excessive inquirys hurt CC approvals.

I take away your -1 and +10000000

If you truly believe that, you have no idea what you are talking about.

This is from a "credit expert" perspective.

[David Smith]

I take away your -1 and +10000000

If you truly believe that, you have no idea what you are talking about.

This is from a "credit expert" perspective.

People just don't seem to get the point.

[Mendel93]

I take away your -1 and +10000000

If you truly believe that, you have no idea what you are talking about.

This is from a "credit expert" perspective.

So I can just inquire everyday as long as I keep low utilization, I'm good to go?! Why do we see credit score impacting on inquiries? Why do CC providers even mention inquiries?

[Mendelssohn]

Remember that FICO automatically gives reason codes if you don't have a perfect score. Creditors often spit out those same reasons for denials.

Keeping utilization in check and with a solid profile, inquiries are very rarely the real reason.

I had no problem getting approvals with Amex, Chase and Citi this year with 20+ inquiries on EX. For both Citi apps, I had more than 6 inquiries in the previous 6 months.

[dealfinder85]

Remember that FICO automatically gives reason codes if you don't have a perfect score. Creditors often spit out those same reasons for denials.

Keeping utilization in check and with a solid profile, inquiries are very rarely the real reason.

I had no problem getting approvals with Amex, Chase and Citi this year with 20+ inquiries on EX. For both Citi apps, I had more than 6 inquiries in the previous 6 months.

so why is it bad to play this game pre closing on a house
or is that also a "myth"?

[Mendel93]

Remember that FICO automatically gives reason codes if you don't have a perfect score. Creditors often spit out those same reasons for denials.

Keeping utilization in check and with a solid profile, inquiries are very rarely the real reason.

I had no problem getting approvals with Amex, Chase and Citi this year with 20+ inquiries on EX. For both Citi apps, I had more than 6 inquiries in the previous 6 months.

Once you have the solid credit history, solid credit line and keep low utilization,  then inquiries won't play much of a factor when getting you approved,  BUT "until" you get there I assume lenders do take inquiries into the picture.  Don't you think so?  Based on the fact that you were approved even when you have 6 inquiries it doesn't prove that someone on the way up it won't effect his application.

[David Smith]

Once you have the solid credit history, solid credit line and keep low utilization,  then inquiries won't play much of a factor when getting you approved,  BUT "until" you get there I assume lenders do take inquiries into the picture.  Don't you think so?  Based on the fact that you were approved even when you have 6 inquiries it doesn't prove that someone on the way up it won't effect his application.

We have a resident expert here, listen to what he says. You can question him to find out more info and clarify things, but arguing with him is absurd.