Tommy S Davidson, WalletHub Analyst
@tdvdson94
Yes, applying for the Capital One Platinum will result in a hard pull on your credit report. It is an unsecured credit card designed for people with limited credit.
If you want to gauge your Capital One Platinum approval odds, you can check for pre-approval on Capital One's pre-approval page. Unlike an actual application, pre-approval will not affect your credit score as it is based on a soft pull. However, if you get pre-approved and want to get the card, you will need to submit an actual application which will result in a hard pull on your credit report.
A hard pull usually causes an applicant's credit score to drop by 5-10 points. Most people’s scores bounce back within 3-6 months with responsible credit management, but it can take up to 12 months. You can also check out some tips on how to minimize the credit score damage caused by a hard pull.
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People also ask
Does Capital One Platinum do a hard pull?
Yes, applying for the Capital One Platinum (see details, rates & fees) will result in a hard pull on your credit report. It is an unsecured credit card designed for people with limited credit.
If you want to gauge your Capital One Platinum (see details, rates & fees) approval odds, you can check for pre-approval on Capital One's pre-approval page. Unlike an actual application, pre-approval will not affect your credit score as it is based on a soft pull. However, if you get pre-approved and want to get the card, you...
read full answer by Tommy S Davidson, WalletHub AnalystWhat is the Capital One Platinum Credit Card credit score requirement?
The Capital One Platinum Credit Card (see details, rates & fees) is available to people with limited credit. That means that you may be able to get approved for the Capital One Platinum Credit Card (see details, rates & fees) with little-to-no-credit.
Note that there are plenty of other things that will impact your chances of being approved for the Capital One Platinum (see details, rates & fees), too. Some other key criteria include your income, existing debt load, recent credit inquiries, number of open accounts, housing status, and employment status. You can check your credit score for free on WalletHub.
read full answer by Paddy Sullivan, WalletHub Credit Card AnalystWhat credit bureau does Capital One Platinum use for approval?
The Capital One Platinum Credit Card (see details, rates & fees) reportedly uses multiple credit bureaus to assess your creditworthiness when you apply. So, if any of your credit reports are frozen, you should unfreeze them before applying for the card.
Key Things to Know
- When you apply, Capital One will perform a hard inquiry on your credit report, which might temporarily reduce your credit score by up to 5 points.
- If you’re approved for the card, Capital One will report...
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