Originally Posted by
iluvthsgam
I have never had a chase credit or checking account before. Just signed up for the checking account for the bonus miles and when I was in the branch the next day, I got this same thing - you are pre-approved for the continental onepass card with 25k bonus + 5k miles for auth. user.
The bank rep + the bank manager both told me that since I was pre-approved and if I sign up for the credit card at the bank - that it would NOT result in another hard-pull on my credit report. I am of course weary that this is not the case, but was wondering if you had the same experience and/or monitor your credit to see if they did do a hard pull or not?
ps - the only thing is that online you get a $50 statement credit for that card, but that was not showing up as a published benefit on the card offered at the bank. All other rewards/benefits were the same.
Opening bank accounts dont have hard pull - they only do a Chex inquiry which is not the credit report inquiry.
Opening a credit card DOES incur a hard pull even pre-approved. We were offered the CO cards as pre-approved as well when we opened our checking accounts. The banker DID confirm my suspicion that the card application WILL generate a hard pull. The pre-approved offer is not as generous as the online / emailed offers we got so we declined the pre-approved ones at the bank.
Other notes about the checking accounts - there is an existing, long-running thread on that topic, in this forum as well as in CO forum. You will find a lot more info on this topic including answers to your questions.
Sadly, all signs so far point to there will be NO such offer in 2011. You can read about all these in the afore-mentioned threads.