4 Hard pulls!
Dec 27, 2013, 4:17 pm
#1
Original Poster
Join Date: Jul 2013
Posts: 29
4 Hard pulls!
With my last churn of 3 cards I went from 1 hard pull to 4 hard pulls and dropped my credit score from 759 to 742 (good)! I am in the planning process to take 6 to Hawaii in May and I need to start building hilton points. I have the points for the flights. How long before my credit recovers the 8 points I need to get back to excellent? I've researched this forum but haven't gotten a feel for how long it takes for these hard pulls to drop off....Thank you!
Dec 27, 2013, 5:07 pm
#3
Join Date: Dec 2010
Location: Long Beach
Programs: HHonors Diamond, Hyatt Diamond
Posts: 1,171
With my last churn of 3 cards I went from 1 hard pull to 4 hard pulls and dropped my credit score from 759 to 742 (good)! I am in the planning process to take 6 to Hawaii in May and I need to start building hilton points. I have the points for the flights. How long before my credit recovers the 8 points I need to get back to excellent? I've researched this forum but haven't gotten a feel for how long it takes for these hard pulls to drop off....Thank you!
Dec 27, 2013, 5:59 pm
#4
Join Date: May 2013
Location: Austin, TX
Programs: AA ExPlat, UA Silver, Marriott Lifetime Gold
Posts: 715
Lol. I too understood OP's post without trouble so maybe someone's reading comprehension is just a bit off.
OP, with a 742 and only 4 hard inquiries, Id go ahead an apply.
OP, with a 742 and only 4 hard inquiries, Id go ahead an apply.
Last edited by philemer; Dec 27, 2013 at 6:45 pm Reason: removed quote since it is now deleted.
Dec 27, 2013, 6:11 pm
#5
Join Date: Jul 2011
Location: North America
Posts: 2,265
Hard pulls are dropped from credit reports after 1 year but generally the bank will not take it into consideration if the pull was more than 6 months ago. 742 vs 759 isn't big enough of a difference to be the deciding factor between denial or approval. There are other factors which play as much of an important role such as avg length of accounts, amount of open credit with the bank, outstanding debt, your income, etc. How are you doing in these other areas besides the credit score?
Dec 27, 2013, 6:17 pm
#6
Join Date: Jul 2012
Location: RDU
Programs: DL(PM), UA(Silver), AA(EXP) Marriott(Ti), HH(Gold), Hertz(PC)
Posts: 2,667
Dec 27, 2013, 6:34 pm
#10
Join Date: Dec 2011
Location: East or West
Posts: 388
I believe in general maximum effect is 3 months, and then greater than one year has minimal to no effect depending on the exact scoring model used. That's why people churn every 3 months. The actual pull will be in your report for 2 years.
Dec 27, 2013, 6:46 pm
#11
FlyerTalk Evangelist
Join Date: Aug 2002
Location: Intermountain West
Programs: Too many to list
Posts: 12,082
My score usually recovers in ~ 2 months. But ~742 is still a good score. You don't need to be over 750 to be approved for a card. However, some banks will reject you if you've had too many hard pulls w/in a certain period of time (they decide that time period).
Dec 27, 2013, 7:01 pm
#12
Moderator: Chase Ultimate Rewards
Join Date: Apr 2005
Location: SFO
Programs: UA 2P, MR LT Plat, IHG Plat, BW Dia, HH Au, Avis PC
Posts: 5,455
Dec 27, 2013, 7:51 pm
#14
Join Date: Jan 2010
Posts: 1,708
Dec 27, 2013, 10:37 pm
#15
Original Poster
Join Date: Jul 2013
Posts: 29
Thank you everyone! My credit history is pretty long. Been a pharmacist for nearly 30 years. I just started this game in June this year. I have been following all of your suggestions to churn every 3 months and have completed 3 churns. Glad to hear my credit doesn't have to be in the "excellent range" to be approved! My husband and I have the 2 free nights with Hyatt so the suggestion of the fairmont cards is GREAT! The Hilton points required for Maui is nearly 100,000 a night!! My husband and I have the hilton reserve cards with 2 free weekend nights. I had a suggestion from a travel blogger to build hilton points with citi cards but that might not be the best suggestion!