Originally Posted by
anonoah
Targeted Capital One Spark Business - $500 - Worth 3 pulls?
Some quick googling tells me they'll pull all 3 credit bureaus. Suddenly that seems like it's not really worth $500. There are other things I could do to make $500 that won't impact my credit so much.
Pulling all 3 credit bureaus is not the same thing as 3 pulls!!!
Your credit is impacted by
pulls per bureau, not by how many bureaus show pulls.
Now, whether $500 is worth a single pull per bureau, that's worth asking. I normally only apply for cards that give me hotel points signup bonuses or airline miles signup bonuses or transferable points signup bonuses worth a $1k or even more (when used judiciously). (Of course, a card which you're going to keep and use way beyond the signup bonus would need a different method of evaluating the worth of a pull.)
But I disagree that just because it pulls multiple bureaus that that should be a big factor. The next card you apply for (after this one) will likely only pull one bureau, and will therefore only count the inquiries you got on that one bureau.