It’s no secret that credit cards can be a helpful financial tool. They can help you build credit, earn rewards, and even get cash back on your purchases. But with so many credit cards available, it can be hard to know which one is right for you. If you’re looking for a credit card that doesn’t require a hard pull on your credit, then you may want to consider a soft pull credit card. Here, however, we outline the best soft pull credit cards, including BB&T, Transunion, and those for fair credit.
Best Soft Pull Credit Cards In 2023
Soft pull credit cards are for people with good or excellent credit looking for a card with fewer fees and better rewards. Here are some of the best soft pull credit cards available in 2023:
#1. OpenSky® Secured Visa® Credit Card
The OpenSky® Secured Visa® Credit Card is one of the best soft pull credit cards in 2023. This is because it offers a great way to rebuild your credit without going through a hard credit check. Meanwhile, you can get this card with a security deposit of as little as $200, and you’ll get an initial credit limit of $200.
You can also get your credit limit increased after making your first five monthly payments on time. This is a great card for people looking to rebuild their credit, as it offers a way to do so without a hard credit check.
#2. Discover it® Secured Credit Card
The Discover it Secured Credit Card is one of the best soft pull credit cards in 2023. This is because it offers a great way to build or rebuild your credit. With this card, you can deposit anywhere from $200 to $2,500 into a security deposit account. This deposit is what secures your credit line. In other words, it acts as collateral if you can’t pay your bill. So, if you want to improve your credit score or build credit for the first time, the Discover it Secured Credit Card is a great option.
In addition to the security deposit, the Discover it Secured Credit Card also offers some great perks. For example, you’ll earn 2% cash back at gas stations and restaurants on up to $1,000 in combined purchases each quarter. Plus, you’ll get 1% cash back on all other purchases. And, there’s no annual fee. So, if you’re looking for a secured credit card with great benefits, the Discover it Secured Credit Card is a great option.
#3. American Express Green Card
Another best soft-pull credit card in 2023 is the American Express Green Card. This card has no annual fee and offers a 0% APR on purchases and balance transfers for the first 12 months. After that, the APR is a variable rate, currently 14.49% – 25.49%.
If you want a credit card with no annual fee and a 0% APR on purchases and balance transfers, then go for an American Express Green Card. This card also offers rewards, making it a great choice for those who travel and dine often. Additionally, there are no foreign transaction fees, making it a good choice for those who travel internationally.
#4. Capital One Platinum Credit Card
As one of the best soft-pull credit cards in 2023, the Capital One Platinum Credit Card offers many perks and features that are beneficial to cardholders. For starters, the card has no annual fee, which is a huge plus. In addition, cardholders can earn a decent amount of reward points on their purchases, redeemable for cash back, gift cards, or travel.
Another great feature of this card is that it offers a 0% APR for the first 15 months. That’s a great way to save on interest if you plan on carrying a balance. Overall, the Capital One Platinum Credit Card is a great option for those looking for a good soft-pull credit card with no annual fee and a 0% APR introductory period.
#5. Avant Credit Card
AvantCredit is also one of the best soft-pull credit cards in 2023. This card offers various perks and features for those looking to build or improve their credit score. One of the best features of the AvantCredit card is the ability to pre-qualify for the card before applying, which helps to avoid any hard inquiries on your credit report.
Additionally, the AvantCredit card offers a low APR and no annual fee, which makes it a great option for those looking to save money on interest. Finally, the card offers many rewards and cashback programs that can help you save money on your everyday purchases.
Overall, the AvantCredit card is good for those looking to build or improve their credit score and save money on interest and everyday expenses.
Do Soft Credit Pulls Hurt Your Credit Score?
Soft credit pulls don’t usually hurt your credit score. They can sometimes help your credit score by giving you a better idea of your creditworthiness. However, if you have too many soft credits pulls in a short period, it could hurt your credit score. So, if you’re planning on applying for a new credit card or loan, do a soft credit pull first to see if you’re likely to be approved.
Soft Pull Credit Cards For Fair Credit
If you have fair credit, you may be wondering what kind of credit card you can qualify for. A soft-pull credit card is the best option for people with fair credit. There are several soft-pull credit cards for fair credit available on the market today. They are:
- Capital One Platinum Credit Card
- Mission Lane Cash Back Visa® Credit Card
- Discover it® Student Cash Back
- Capital One QuicksilverOne Cash Rewards Credit Card
- Mission Lane Visa® Credit Card
- Fortiva® Mastercard® Credit Card
These cards are for people with fair credit, and they offer many benefits. For one, these cards allow you to improve your credit score. Additionally, they offer many rewards and perks, such as cash back or points for every purchase you make. Finally, they have lower interest rates than other types of credit cards, which can save you money in the long run. So, if you’re looking for a credit card that can help you improve your credit score and save you money, the above soft pull credit cards for fair credit may be the right choice.
What Credit Score Do You Need For BB&T Soft Pull Credit Cards?
There are a few BB&T soft pull credit cards available, and the credit score you need will depend on which card you’re applying for. For example, the BB&T Bright Rewards Mastercard requires a minimum credit score of 640. While the BB&T Spectrum Cash Rewards Visa Card requires a minimum credit score of 700.
Generally speaking, you’ll need a fairly good credit score to be approved for BB&T soft pull credit cards. However, it’s worth noting that BB&T may also consider other factors when assessing your application. They may ask for your income and employment history. So even if your credit score isn’t quite as high as the minimum requirements, you may still be approved for BB&T soft pull credit cards if you have a strong overall financial profile.
Are Transunion Soft Pull Credit Cards Good?
Transunion soft-pull credit cards can be a good option for those looking to manage and improve their credit score. These credit cards allow individuals to check their credit scores without affecting their credit history or credit score. This is particularly beneficial for those concerned about the negative impact of hard inquiries on their credit profile. By offering soft pulls, Transunion helps individuals access their credit information while keeping their credit scores intact.
Moreover, Transunion soft pull credit cards have additional features and benefits that can further assist credit score management. These cards often offer tools and resources to help track spending, set budget goals, and receive credit monitoring alerts. By having access to such tools, individuals can take proactive steps toward improving their credit standing. Overall, Transunion soft pull credit cards serve as a valuable tool for credit management and can assist individuals in making informed financial decisions.
What Is A Soft Pull On A Credit Card?
A soft pull on a credit card is an inquiry that does not affect an individual’s credit score. Soft pulls can be initiated by an individual’s credit card issuer, a potential lender, or even an employer. While a soft pull will not impact an individual’s credit score, it can still provide the inquiring party with information. This includes an individual’s credit history and current credit utilization.
Is Amex A Soft Pull?
The answer is not so straightforward. During the initial pre-approval process for an Amex card, they typically do a soft pull to determine your eligibility. However, once you proceed with a formal application, they will usually perform a hard pull to evaluate your creditworthiness.
Note that Amex’s approach may vary depending on the specific credit card you apply for and your credit history. While they start with a soft pull, there is a high chance that they will conduct a hard pull. Therefore, know the potential impact on your credit score when applying for an Amex card.
In summary, while Amex may initially perform a soft pull during the pre-approval stage, they will likely conduct a hard pull when you formally apply for a credit card.
Does Capital One Use Soft Pull?
Yes, Capital One does use soft pulls when conducting credit inquiries. A soft pull is a credit check that does not affect an individual’s credit score. This allows Capital One to gather information about potential customers without impacting their credit history. Meanwhile, soft pulls are commonly for pre-approval offers, background checks, and account reviews.
Thus, while soft pulls do not harm credit scores, hard pulls, which are more comprehensive credit checks, can have a temporary negative impact on a person’s credit score. Capital One’s use of soft pulls demonstrates its commitment to providing convenient and accurate financial services to its customers.
Does Chase Do Soft Pulls?
Yes, Chase Bank does conduct soft pulls on credit reports. Soft pulls, also known as soft inquiries, are credit checks that don’t affect your credit score. They are usually done for informational purposes and do not require your authorization. Lenders and credit card companies commonly use soft pulls to pre-approve potential customers or offer targeted promotions.
When Chase Bank conducts a soft pull, they can view your credit report to assess your creditworthiness without impacting your credit score. It’s worth noting that soft pulls do not leave a trace on your credit report, so they won’t be visible to other lenders. However, be aware that if you apply for a loan or credit card with Chase, they will most likely perform a hard pull. And it can have a temporary negative impact on your credit score.
Does Amazon Credit Card Do A Soft Pull?
Fortunately, the answer is yes. When you apply for an Amazon credit card, whether it’s the Amazon Prime Rewards Visa Signature Card or the Amazon Rewards Visa Signature Card, Chase, the issuer of the card, will typically perform a soft pull on your credit report.
This means that simply applying for an Amazon credit card won’t affect your credit score, making it a more appealing option for those concerned about their credit rating. However, it’s worth noting that if you are approved for the card, Chase will then perform a hard pull on your credit report, which could cause a slight dip in your credit score.
Wrapping Up
In summary, these best soft-pull credit cards in 2023 give consumers a hassle-free way to access credit while protecting their credit scores. With the continued evolution of the industry, these cards will undoubtedly play a significant role in shaping the future of personal finance, offering more convenience and benefits to cardholders.
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