Does Capital One Platinum do a hard pull? This question is about the Capital One Platinum Credit Card

Does Capital One Platinum do a hard pull?

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This question is about the Capital One Platinum Credit Card

Tommy S Davidson, WalletHub Analyst

@tdvdson94 • 07/30/21 This answer was first published on 07/14/21 and it was last updated on 07/30/21.For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.

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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 (less than 3 years of credit history).

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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Does Capital One Platinum do a hard pull?

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 ... read full answer 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.

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What credit score do you need for the Capital One Platinum card?

The credit score that you need for the Capital One Platinum Credit Card is at least 640. The Capital One Platinum Credit Card is also available to people with limited credit history, which means you may be able to get approved even without a credit score.

Other Capital One Platinum Approval Requirements

You should note that while your credit score is an important factor, there are plenty of other things that will impact your chances of being approved for the Capital One Platinum Card, too. Some other key criteria include your income, existing debt load, number of open accounts, recent credit inquiries, employment status and housing status.... read full answer

If you excel in other areas, you might be able to get approved with a slightly lower credit score in some cases. But it’s best to wait to apply until you meet the Capital One Platinum credit score requirement. You can check your credit score for free, right here on WalletHub.

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What credit bureau does Capital One Platinum use for approval?

Capital One Platinum uses all the major credit bureaus (TransUnion, Equifax and Experian) when deciding whether to approve you or not. The good side is that, if you do get approved, the issuer will report the card to all three, so you won't have to worry whether it shows up on your file everywhere or not.... read full answer

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