Thread: Sears Gold Mastercard/Citibank ?'s

Ok guys,
Here is something that I need some advice on. I recently requested a new Sears Gold Mastercard credit card to be sent out because my old card was worn out (I've had the account since 2002). I requested a new card to be sent out on April 21. Low and behold, I checked my credit reports and found two inquiries from Citibank/Sears on April 22, 1 on Equifax and 1 on TransUnion. I just called their customer service and spoke with an account manager that told me it was the law that anytime a new card is requested, they must pull a credit report to make sure there is on fraud involved with this. So now, I have a hard inquiry on each report dinging my score. Is this even legal? I know the agreement states a creditor you do business with can pull a report at anytime for most any reason, but does that only mean soft inquiries? Further, wouldn't I be able to bring suit for degrading my credit score and hampering my ability to apply for other credit? Advice is much appreciated!
-Matt

never heard about pulling a report for requesting another card. I should call them again and request to remove them ASAP

Originally posted by matty61184
Ok guys,
Here is something that I need some advice on. I recently requested a new Sears Gold Mastercard credit card to be sent out because my old card was worn out (I've had the account since 2002). I requested a new card to be sent out on April 21. Low and behold, I checked my credit reports and found two inquiries from Citibank/Sears on April 22, 1 on Equifax and 1 on TransUnion. I just called their customer service and spoke with an account manager that told me it was the law that anytime a new card is requested, they must pull a credit report to make sure there is on fraud involved with this. So now, I have a hard inquiry on each report dinging my score. Is this even legal? I know the agreement states a creditor you do business with can pull a report at anytime for most any reason, but does that only mean soft inquiries? Further, wouldn't I be able to bring suit for degrading my credit score and hampering my ability to apply for other credit? Advice is much appreciated!
-Matt

FOOLS PATRIOT ACT IS THE SCAPE-GOAT

You are an "EXISTING" customer they have PP...BUT THE FOOLS PATRIOT ACT does not require them to pull a HARD or TWO

"I GAVE YOU"

ACCOUNT #
NAME
ADDRESS
CITY
STATE
ZIP
HOME PHONE #
WORK PHONE #
DOB
SS#

WHAT IS THE HARD GOING TO DO OTHER THAN MAKE MY SCORE GO DOWN???

YOUR PULLING AN INQUIRY TO ISSUE A REPLACEMENT CARD IS FRAUD AS FAR AS I'M CONCERNED

George,
Thank you for your insight. I always appreciate your posts! I will see what I can do about this and be sure to get back to you with the results!

-Matt