Does opening checking/CD create a hard pull?
Nov 9, 2008 | 3:13 pm
#2
Join Date: Jul 2005
Location: NJ/NYC
Programs: AA EXP/LT Plat, SPG Plat/LT Plat, HHonors Gold, Hyatt Plat, IHG Plat, MR Silver
Posts: 2,789
Under normal circumstances, especially if you're already a customer of that bank, it really shouldn't. That said, they do reserve the right to make an inquiry and sometimes do. If there's a specific account you're concerned about, check FW for advice.
Nov 9, 2008 | 7:20 pm
#4
Moderator: Mileage Run, InterContinental Hotels
Join Date: May 2004
Posts: 6,428
Citi has pulled my Experian report for every checking account I ever opened, and I've opened quite a few over the past 2 years. YMMV, but likely only w/r/t which credit reporting agency Citi pulls.
Like with churning, I wouldn't overdo the new account thing. You will encounter problems after a while, if you do it too frequently.
Like with churning, I wouldn't overdo the new account thing. You will encounter problems after a while, if you do it too frequently.
Nov 10, 2008 | 1:30 pm
#6
Join Date: Dec 2006
Posts: 242
I am sure if you have a checking account, they soft pull your credit like crazy trying to qualify you for credit cards, refinances, and crap.
But I don't think they can hard pull you if you don't ask for a line of credit. If they did I think you could complain.
But I don't think they can hard pull you if you don't ask for a line of credit. If they did I think you could complain.
Nov 12, 2008 | 8:21 am
#7
Join Date: Oct 2004
Location: Washington, DC
Programs: AA Gold, AMEX MR, BA, DL, SPG, UA, US, Hyatt Platinum
Posts: 461
In short, your response is your opinion and not a factual answer. The previous responses to the OP and other similar posts clearly state that opening a checking or saving account quite often (but not always) results in a hard pull on your credit reports. The OP asked about hard pulls so your comment on soft pulls is not relevant. "complain" to whom and why? Further, what good would it do. The answer to the OP is, usually a hard pull is made, but not always. So either very carefully research the practices of the bank you are about to open an account or plan for a hard pull.