If you’re mortgage shopping or comparing quotes for a particular type of loan or card, complete all your applications within 14 days of one another. Try to limit your credit applications to offers you’re likely to get approved for by checking into their criteria before applying. That being said, lenders might be discouraged from approving your application if your credit report is riddled with hard inquiries. Since they’re required for getting new credit, it’s okay to have an inquiry on your report. Hard credit pulls let creditors see your credit reports, giving them an idea of how responsibly you use credit.įortunately, these inquiries only stay on your report for a couple of years, and they typically only drop your score by a point or two. If you applied for a Citibank credit card, the bank might have accessed one or more of your credit reports, meaning each of your reports could feature a hard inquiry. While they don’t do much damage, hard inquiries are added to your report.īecause a hard inquiry can be prompted by an application for a credit card or loan, or in some cases a rental application. Soft inquiries happen when you pre-qualify for a credit card or loan, compare quotes, check your score, or get vetted for a job or apartment application. SOFT CREDIT CHECKĪ soft inquiry doesn’t impact your score, nor is it added to your credit report. Whether or not an inquiry impacts your credit depends on if it is a soft or hard credit check. We suggest you ask a professional credit repair company for help.Īsk Lex Law for Help How Will an NTB/CBNA Hard Inquiry Affect Your Credit? If you are overwhelmed by dealing with negative entries on your credit report, When you apply for a credit card or consent to being an authorized user on another individual’s account, you can expect a hard inquiry to follow. The National Tire and Battery card offers a sign-on reward and interest-free payments on purchases of $699 or more when you pay it off in a year.Īpplying for a credit card on the Citibank website may only take a few moments, but it can have a more lasting effect on your credit. NTB/CBNA On My Credit ReportĬitibank is a major financial institution that offers credit cards in partnership with numerous retailers, including: In the article below, we’ll break down the details of the NTB/CBNA credit card, how a hard inquiry works, and what you can do to get an inaccurate inquiry off your report. Representing National Tire & Battery and Citibank, the entry is probably a hard inquiry.Īn inquiry from NTB/CBNA is typically the result of a credit card application. If you have a new entry from NTB/CBNA on your credit report, it’s important to understand how it got there.
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