Does U.S. Bank Do a Hard Inquiry? (2024)

FAQs

Does U.S. Bank Do a Hard Inquiry? ›

Yes, U.S. Bank 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.

Be prepared that the review of your credit history will result in a hard credit pull. A hard pull will typically impact your credit score, lowering it a few points for a short period of time.

Generally, U.S. Bank is much more sensitive to credit report information, such as the number of inquiries and the number of new accounts opened recently. For this reason, you'll want to have a strong credit profile and rating if you want to maximize your chances at getting approved.

The specific credit bureau that U.S. Bank uses to get an applicant's credit score will vary. Reports indicate U.S. Bank pulls credit scores and reports from TransUnion most often, but this isn't always the case. The card issuer also sometimes pulls credit scores from Equifax and Experian.

You need a credit score of 700 or higher to get most U.S. Bank credit cards, but the actual credit score requirements vary by card. One of the easiest U.S. Bank credit cards to get is the U.S. Bank Secured Visa® Card, which accepts applicants with bad credit and has a $0 annual fee.

When life happens, you're covered with a personal line of credit. U.S. Bank clients with a FICO® Score of 680 or above and other qualifying factors could receive funds within hours.

Does U.S. Bank Give Instant Approval? Yes, U.S. Bank credit cards may give instant approval when you apply for one of their cards online, though getting approved for an account immediately is never guaranteed.