I combined my MBNA accts this weekend and they did a hard inquiry on EQ. I was ticked off because they did not inform me that a new credit report would be needed. These banks and CCs check your reports for every damn requests. I will never get rid of my inquiries. Oh well, it was a FYI for others who may try to do the same with MBNA you are forewarned. Cypri
Great info! I have two MBNA accounts I was thinking about combining into a Quantum, but now I think I'll wait till some of my inquiries age before adding another one. Thanks for sharing this!
JUST MY OPINION...there should NEVER be a "HARD" for combining accounts...THEY ALREADY EXIST!!! DISPUTE IT WITH THE CRA..."I already have an account, PLEASE REMOVE"
FIRST USA gave me a "PRE-APPROVED" $5,000 increase, but when I did a BT...they did a "HARD"... $72,000+/- they lost from our 3 accounts...CLOSED AND PAID...THEY ARE GONE.
GEORGE IS CORRECT.. SAY IF YOU HAVE A STANDARD VISA CARD WITH A 6500 CREDIT LINE AND A BALANCE OF 4000.00 AND ALSO HAVE A PLATINUM PLUS ACCOUNT WITH A CREDIT LINE AVAILABLE OF 10000.00 AND BALANCE OWED OF 5000.00... PROVIDING THEY ARE UP TO DATE.. ALL YOU HAVE TO DO IS CALL CUSTOMER SERVICE AND THEY CAN COMBINE THEM INTO ONE.. THERE IS NO INQUIRY FOR THIS.. BUT, IF YOU JUST ONE TRADE, FOR INSTANCE A PLATINUM PLUS WITH A CREDIT LINE OF 10K, AND YOU WANT APPLY FOR ANOTHER ACCOUNT AND THEN COMBINE BOTH.. THERE IS AN INQUIRY, BECAUSE YOU ARE APPLYING FOR ADDITIONAL CREDIT..
George, This seems to be becoming a trend with the cc companies. I have had two accounts pull HARD inquiries for BT's and one for a limit increase AFTER I called customer service to specifically be told that a hard inquiry would NOT be pulled. It was anyway so I was lied to. They know how much these inquiries hurt us and it would seem that they are "spamming" our credit files, IMO. They do this so that we would be more likely to get denied for other credit so they can jack their rates and some people (not creditnetters, they're too smart) would not have anywhere to re-park the debt, thereby being forced to pay the jacked up rates.
