Posted by William Charles on February 19, 2016
Credit Cards

Published on February 19th, 2016 | by William Charles

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Credit Card Issuers That Don’t Do A Hard Pull If You’re Denied

We’re reposting this as it seems Bank of America also doesn’t do a hard pull when you’re an existing customer and you’re denied.

When you’re signing up for a lot of credit cards, one of the things that you want to minimize is the number of hard pulls on your credit report. This is because hard credit pulls (or inquiries) affect your FICO score, unlike soft pulls. A hard credit pull stays on your credit report for a period of two years and will affect your FICO score for one year.

[Read: How to get your FICO score for free]

We’ve talked about tactics to minimize hard pulls in the past, sometimes it’s possible to get multiple inquiries from the same bank combined if you apply for multiple cards in the same day for example. As part of my credit card strategy, I also try to spread my inquiries over all three of the credit bureaus as well.

When you get denied for a credit card, it’s a double whammy. Most credit card issuers will do a hard pull on your credit report, not like what they see and then deny you. This leaves you with a hard pull on your report and no sign up bonus to show for it. Fortunately not all credit card issuers do this, some will do a soft pull to see if they will approve or deny you and then only do the hard pull when they approve you.

Let’s have a look at the banks that won’t do a hard pull if you’re denied. Since most financial institutions don’t do this, we will only list the ones that do. If we’re missing any, please let us know in the comments.

Contents

American Express

If you read Frequent Miler’s blog, you’ll probably already be aware of this as I shared this with Julian in the past for a Bet You Didn’t Know Post? If you’re an existing cardholder with American Express they will use your existing credit report they have on file to see if you’re eligible, if you pass this check they will do a hard pull to recheck your credit report before finally approving you.

This means that most of the time if you’re denied, no hard pull will have been done as they will have denied you based on the existing information they already had access to. If there has been a significant change to your credit report between when they last did a soft pull and when you applied for the card, it’s possible that a hard pull will be done and you will be denied but in most circumstances this will not be the case.

American Express usually do a soft pull once a month or so to check everything is in order, so the chances that your credit has changed drastically in one month that you would go from being approved to denied is small. Keep in mind this only works if you’re a current American Express cardholder (and the card must be issued by American Express and not just running on their payment network).

Barclaycard

Barclaycard seems to work the same way as American Express, as long as you’re an existing cardholder and you’re denied a soft pull will be done unless your credit has changed significantly recently. One thing to keep in mind is that Barclaycard is quite inquiry sensitive, so if you’ve recently applied for a lot of cards you might be denied and still receive the hard pull as they will consider this a significant change and deny you when they repull your credit report.

Bank of America

There are now two separate reports (1 ,2) of Bank of America not doing a hard pull if you’re denied and have at least one credit card with Bank of America already.

Other Card Issuers

Have you received a soft pull when you’ve been denied with any other card issuers? If so let us know in the comments below. As always, all of this stuff is your mileage may vary, if you’ve had a different experience than listed above then let us know as well as any ways your credit might have changed a lot just before you applied for the card (e.g high credit utilization, late payment, lots of applications etc etc).



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Michael
Michael

With Barclay, do they get worked up if you have too many inquiries with them specifically or overall with all agencies?

Sarah
Sarah

I was approved for a Barclay Arrival + card this month, even though I already had 3 Barclay hard inquiries in the last 2 years.

James B.
James B.

Now most agree that it best to separate each Barclay card application by at least 6 months. 3 months used to be adequate.

Too many overall inquiries may also be an issue.

Chuck

Interesting that Barclay does this too. Makes it easier when debating a Barclay app.

George Smiley
George Smiley

Although, that was never that tough a debate since they only pull TU, right?

junniebug
junniebug

Becarful, Barclay only pulls Transunion; but they soft pull Equifax & Experian. I applied for the Arrival card back on November 5, 2015. At the time I already was approved for 3 credit cards prior. I applied for the everyday Amex card October 20, 2015, Citi Diamond October 23, 2015 , Chase Freedom hard pull to increase my credit limit October 25, & finally Amex Blue cash October 26, 2015. I gotten 4/4, so I was lucky. That gave me four hard pull on my Experian less than two months. I still got approved for my Barclay Arrival card any way.

Jason
Jason

I concur with the point with Amex. I recently applied two Amex Platinum— person and business in different days, and the HHonors one month ago. All these three pulls never showed up in my report, none of the three, though Amex usually pulls from Experian in my area. I have been with Amex over 10 years.

Jason
Jason

Forgot to mention that I was approved for all three apps in Amex. I had no idea why no hard pulls on the reports. On the contrary, Barclays pulled me twice, one on initial app pending, the other on two days later I called in for recon. I should have just waited it out as opposed to calling in.

Kent C
Kent C

Barclay reconsideration rep once told me they will not do a 2nd hard pull on a recon call unless it has been 30 days since you applied. Then you’re fair game again.

Dan
Dan

This is strange because there is no mention of being able to get a credit card without any hard pull at all (I think you are misunderstanding the post). The point of the post is that in many cases, getting a denial does not lead to getting a hard pull. According to all data points I’ve seen, Amex should always do a hard pull before giving an approval.

Justin
Justin

Same thing happened to me, I already had an Amex(for quite awhile) and every Amex I add to my collection I never get a hard pull.

DGS
DGS

That’s strange. I have four Amex Cards and I was approved with soft pulls followed by hard pulls.

M. Smith
M. Smith

I keep all three of my credit reports frozen. If I am a current AmEx cardholder, could I apply (and potentially get approved) for a new AmEx without lifting my credit freeze?

Naveen
Naveen

I am like you, and always keep all 3 credit files frozen. I have always had to unfreeze at least one of them to get a new credit card regardless of my current status with the issuer. In most cases, I get on the phone with the issuer and let them call the bureau to join the call – that way i don’t pay the unfreeze fees.

Jon
Jon

What’s the advantage to keeping them all frozen as a default state in the first place?

junniebug
junniebug

No you cannot. I have Credit freezes on all three of my credit reports. I tried applying for Amex Blue Card two weeks ago.They told me I had to unlock my Experian so they can hard pull me. I decided to the decline the application. I decided to play it safe & wait six months before I apply for another credit card. I want all of my hard pulls to count. June 1, 2016 I think I will be safe to apply without getting deny, because I waited six months. Most banks will not be scared to give you credit, if your not credit hungry. My goal is to apply for the two charge cards. Amex platinum & Amex Premier rewards card. I think I can get them now, but I will wait to be safe.

Tyler O
Tyler O

Hypothetically, let’s say I applied for an Amex and got denied. If I were to call the recon line, would they do a hard pull AND could prospectively deny me again? Just curious..

Mads
Mads

Does anyone know if they do a hard pull for s decline if you are an authorized user? I have just one acct of my own (Cap1 for a year) but am an authorized user on a Barclays and a business AmEx. I know AmEx asked for a ss# for the AU… Or any suggestions for new accts for cash or points with such a short history? Credit Sesame gives me a 750. Thx!

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[…] inquiry. Will is maintaining a list of banks that don’t do hard pulls on rejections, so bookmark his page over at Doctor of Credit and keep an eye on whether any more banks show up on the list in the […]

Sayeed Mehmood
Sayeed Mehmood

I was denied for a 50,000 Citi AAdvantage card earlier this year. It wasn’t an outright denial actually, I was asked to call, I did, but it didn’t work. Don’t really know why, since I was instantly approved for the Thank You Premier soon after. Anyway, it seems that they did not do a hard pull for the denial. In fact, I am yet to see the hard pull for the Thank You Premier.

Alex
Alex

Just did 62nd day 3x Amex CLI – Approved. Next day applied for Amex Blue cash. Result – Approved without Hard Pull. Add it to your knoweledge base. 😉

jnrfalcon
jnrfalcon

Got pulled and denied applying for Upromise while having Wyndham…

Justin
Justin
Sean
Sean

Likewise, no hard pull after two BoA apps denied. I already had one BoA card.

Dirk
Dirk

how about requesting a credit limit increase for 2 BoA accounts online? will it be 1 TU(?) HP if i request the 2nd one within 30 days?

gary
gary

question. for those successful of not getting a hard when denied. Did you have to apply through your existing online account where the information was already stored or did you apply the same way someone without a card with the card issuer.

Want to know if the method used to apply for the card makes a difference

Mike
Mike

I’m assuming Barclays doesn’t do the pull only if you’re a current card holder? I’ve had Barclays cards in the past but don’t currently have any so I’m assuming I will get a inquiry if I am denied for whatever reason.

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