Originally Posted by
happychic
I tried to see if I will get approved for the Venture card on the pre-approval tool and came to this as one of the last steps. The part about processing my application using my SSN made me pause. It sounded like it is about to process my applying for a C1 card, even though I started on the pre-approval tool at
https://www.capitalone.com/credit-cards/preapprove/
That and the fact that I do not know how accurate the pre-approval tool is.
For those who have used the pre-approval tool, is it a hard inquiry on your profile? And how accurate has Capital One pre-approval tool has been in your experience?
Thank you.
If you're using pre-approval tool to find out if qualify for a card, no it does not generate a hard pull on your credit report. It sounds as if Cap One is requesting information for security purposes. They want to satisfy themselves person submitting pre-approval inquiry actually is who they say they are. In this case that would be *you*
OTOH if you do actually go ahead and apply for said CC then yes, Cap One will do a hard pull on your credit report.
https://www.capitalone.com/learn-gro...-credit-score/
It's confusing but generally anytime you apply for a Cap One card they will do a hard pull. This even when one responds to "pre-approved" offers in post, that pop up when logged into your Cap One account or receive an invite via email.
As for accuracy of pre-approval tool that's hard to say. At best Cap One will do a soft pull-on credit report. That provides some information but maybe not gives enough for them to approve an application for card.
https://www.bankrate.com/personal-fi...you%20a%20loan.