Tommy S Davidson, WalletHub Analyst
@tdvdson94
Yes, the Costco Anywhere Visa® Card by Citi does a hard inquiry on your credit report when you apply. A hard inquiry usually results in a slight decrease in an applicant's credit score, but the effect only lasts for a short period of time. The hard inquiry allows Citibank to determine your credit risk and ultimately decide whether you’ll be approved for an account.
The Costco Credit Card is available to people with excellent credit. If you want to check your credit score to see if it’s a good match with the Citibank credit card you’re considering, you can sign up for a free WalletHub account. You’ll also have access to free credit scores and free credit reports, both updated daily.
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People also ask
Is it hard to get a Costco Credit Card?
Yes, it is typically hard to get the Costco Anywhere Visa® Card by Citi because it requires at least excellent credit for approval. Unless your credit score is excellent or better and you have a lot of income, it will be difficult for you to get approved for the Costco Credit Card.
In order to get the Costco Credit Card, you will have to meet the credit score requirement, have a steady income and be at least 18 years old. You’ll also need...
read full answer by Lisa Cahill, Credit Cards ModeratorWhy was my Costco Business Credit Card application denied?
Your Costco Business Credit Card application may have been denied for various reasons, such as a low credit score, not enough disposable income, or too much debt. You should receive a letter from Citibank explaining the exact reason for the denial.
If you feel your application deserves a second look, you can call Citibank customer service at (800) 950-5114 for further clarification.
Possible Reasons Your Costco Business Credit Card Application Was Denied
- Credit score is too low
- Not enough...
Does Citi do a hard pull?
Yes, Citibank does a hard inquiry on your credit report whenever you apply for one of its credit cards. A hard inquiry usually results in a slight decrease in an applicant's credit score, but the effect only lasts for a short period of time. The hard inquiry allows Citibank to determine your credit risk and ultimately decide whether you’ll be approved for an account.
Citibank credit cards require limited to excellent credit to be approved...
read full answer by Chip Lupo, Credit Card WriterDid we answer your question?
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