And every single hard inquiry reported to the credit bureaus can lower your credit scores and be listed there for two years. Preserve Credit InquiriesĪnother reason you might want to avoid a hard pull by using the shopping cart trick is to preserve your existing credit during the application process.Įvery time you apply for credit, credit card issuers perform a credit check, and it counts as a hard inquiry on your credit report. But if your full credit report is not accessed as part of the application, you significantly improve your approval chances. Typically, negative items like these would completely prevent you from qualifying for a credit card. Maybe you have a string of late payments on other accounts, or you went through a foreclosure or bankruptcy in the last couple of years. For many people, a hard inquiry on their credit report results in automatic denial from a creditor because of their poor credit history.
Why is it good to avoid hard pulls on your credit report?įirst, it’s important to understand why you would want to use the shopping cart trick. Ready to find out how to avoid a credit pull on your next credit card application? Let’s get started. It can be a positive tool to help rebuild your overall finances in many cases. Plus, you can get deals from stores you shop at frequently, such as a certain percentage off your purchase, gift certificates throughout the year, or free merchandise.įind out how you can implement the shopping cart trick and whether it’s suitable for your financial situation. You’ll be more likely to get approved because the credit card issuer won’t see your full credit history with your application.Īnother benefit is that the shopping cart trick can help you add an account in good standing to your credit report. With a few steps, you can apply for a retail store credit card and avoid getting a hard credit pull on your credit report. It’s known as the “shopping cart trick,” or sometimes the “soft pull trick.” Avoiding a Hard Credit Inquiry There’s a simple strategy that, in many instances, can help you do both. But two of the biggest concerns are how to qualify for new credit accounts and how to fix your existing credit. Having bad credit comes with more than a few downsides.
Knowing that you’re more likely to get approved will help you avoid using an unnecessary hard inquiry. However, you can still use this trick to see if you’re pre-approved. So, use this method at your own risk.Ĭomenity Bank, Synchrony Bank, and Wells Fargo store credit cards all require a hard credit inquiry now to get approved. Window = 'AOuZoY7befz7dmaQ-xO23EGFRElFNyxmRw:1677931530281' _WidgetManager._Init('//_WidgetManager.Update: The shopping cart trick isn’t working to avoid a hard inquiry for everyone.
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