Yes, applying for the Capital One SavorOne will do a hard pull. You will need a credit score of at least 700 to get it and a hard pull can affect your credit score, usually by a few points. But having too many on your credit report, especially within a short period of time, can significantly lower your credit score.
Capital One, the issuer, allows you to prequalify for their credit cards with no impact on your credit score. However, responding to these offers and submitting an actual application will trigger a hard pull.
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 learn more about how to minimize the credit score damage here.
I have had Savor One since November 2020. My credit score was in the 630s at the time, however I was already a Capital One card holder for 4 years (QuickSilver One). Capital One offered me this card through a promotion, so I’ve applied and got one.
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