Best Credit Cards Soft Pull

of June 2024

Best Credit Cards Soft Pull

In This Article

In today’s fast-paced world, credit cards have become an indispensable tool for managing our finances, offering unparalleled convenience and rewards.

However, the process of applying for a credit card can be daunting, especially if it involves a hard credit inquiry, which can negatively impact your credit score. But what if there was a way to explore the best credit card options with a soft pull? 

This article unravels the mysteries of the best credit cards with soft pulls and also curates a list of five captivating credit cards that are bound to pique your interest, empowering you to make informed decisions while safeguarding your credit score.

So, dive into the world of the best credit cards with soft pulls and discover how they can help you unlock a world of possibilities without any stress. Get ready to say goodbye to credit headaches and hello to a brighter, smoother financial journey with no weight on your credit score!

  1. Discover it® Secured Credit Card
  2. Petal® 2 “Cash Back, No Fees” Visa® Credit Card
  3. Capital One Platinum Credit Card
  4. Citi Double Cash Card
  5. Chase Freedom Unlimited®
  6. American Express Cash Magnet® Card
  7. Wells Fargo Active Cash® Card 

Overview of Best Credit Cards Soft Pull

How to Choose Best Credit Cards Soft Pull

Pros and Cons of Best Credit Cards Soft Pull 

What to Watch Out For Best Credit Cards Soft Pull 

Pro Tips

Recap

1. Discover it® Secured Credit Card

9.9/10

Discover it® Secured Credit Card

The Discover it® Secured Credit Card is an excellent choice for you if you are looking to build or rebuild your credit. It offers a secured credit card option, which means you’ll need to provide a refundable security deposit as collateral, making it less risky for the card issuer and accessible for those with limited or poor credit histories.

Pros

  • Provides cashback rewards. You earn 2% cash back at gas stations and restaurants on up to $1,000 in combined purchases each quarter and 1% cash back on all other purchases.
  • Creates opportunity for you to establish or improve your credit score over time.
  • Provides free access to your FICO® Credit Score, allowing you to monitor your credit progress and take steps to improve it.

Cons

  • Requires a security deposit.
  • Does not automatically grant a credit line increase after a specific period of responsible use.
  • Credit Needed: Limited/Bad
  • Annual Fee: $0
  • Regular APR: 22.99% Variable
  • Cashback Match: All cashback earned in the first year is matched by Discover.

2. Petal® 2 "Cash Back, No Fees" Visa® Credit Card

9.8/10

Petal® 2 "Cash Back, No Fees" Visa® Credit Card

The Petal® 2 “Cash Back, No Fees” Visa® Credit Card is an excellent option for those who may have limited credit history or no credit score at all. It aims to make credit accessible without charging any fees or requiring a security deposit.

Pros

  • Offers cashback rewards of up to 1.5% on eligible purchases.
  • Does not charge any annual fee.
  • Does not charge foreign transaction fees.

Cons

  • Offers limited rewards program
  • Requires higher APR for applicants with limited or fair credit.
  • Credit Needed: Limited/Fair/Good/Excellent
  • Annual Fee: $0
  • Regular APR: 12.99% – 26.99% Variable
  • Cashback: Earn up to 1.5% cashback on eligible purchases. Cashback rate may vary based on creditworthiness.

3. Capital One Platinum Credit Card

9.6/10

Capital One Platinum Credit Card

Consider Capital One Platinum Credit Card as an excellent choice if you are looking to build or rebuild your credit.

It’s a great entry-level card that can help you establish a solid credit history. With responsible use, there is opportunity for you to qualify for a credit limit increase over time.

Pros

  • Allows you to enjoy all the perks without worrying about an annual fee.
  • Focus on helping individuals build or rebuild their credit
  • Grants a credit limit increase over time.

Cons

  • Does not offer any rewards or cashback programs.
  • Offers fewer features and benefits.
  • Credit Needed: Average/Fair/Limited
  • Annual Fee: $0
  • Regular APR: 26.99% (Variable)
  • Other Benefits: Fraud coverage, account alerts, and extended warranty protection.

4. Citi Double Cash Card

9.5/10

Citi Double Cash Card

Consider Citi Double Cash Card as a true gem for you as cashback enthusiast. With its unique rewards structure, you earn cash back twice on every purchase – 1% when you buy and another 1% when you pay off your balance. It’s like getting paid twice for each swipe!

Pros

  • Offers the opportunity for double cashback. Earn 1% on purchases and another 1% when you make payments.
  • Allows you to enjoy the benefits without paying any annual fee.
  • Provides long introductory APR period. 0% APR for balance transfers for 18 months, giving you more time to pay off existing balances without interest.

Cons

  • Does not offer sign-up bonus
  • Charges foreign transaction fees.
  • Credit Needed: Excellent/Good
  • Annual Fee: $0
  • Regular APR: 13.99% – 23.99% (Variable)
  • Other Benefits: Citi Entertainment® access and Citi Price Rewind®.

5. Chase Freedom Unlimited®

9.3/10

Chase Freedom Unlimited®

Look no further than the Chase Freedom Unlimited® if you’re seeking a card with uncomplicated rewards and excellent earning potential. This card offers a flat-rate cashback on all purchases, ensuring you earn rewards on every swipe.

Pros

  • Allows you to earn a flat 1.5% cash back on all purchases, no categories to worry about.
  • Offers 0% APR for the first 15 months on purchases and balance transfers.
  • Offers you a generous bonus after spending a certain amount within the first few months.

Cons

  • Charges foreign transaction fees.
  • Places limitations on how you can redeem your cashback rewards
  • Does not provide 0 introductory APR benefit for purchases.
  • Credit Needed: Good/Excellent
  • Annual Fee: $0
  • Regular APR: 14.99% – 23.74% (Variable)
  • Other Benefits: Purchase protection and extended warranty protection.

6. American Express Cash Magnet® Card

9.1/10

American Express Cash Magnet® Card

Be attracted to The American Express Cash Magnet® Card. The card offers you a straightforward cashback program that has unlimited cash back on every purchase, making it an appealing choice especially if you value simplicity.

Pros

  • Offers a flat-rate cashback program, allowing you to earn consistent 1.5% cash back on all purchases.
  • Grants you the opportunity to earn a generous welcome bonus after spending a certain amount within the first few months of your account opening.
  • Offers access to special financing options for eligible purchases.

Cons

  • Charges foreign transaction fees for purchases made outside of the United States.
  • Does not offer bonus cashback rates on specific spending categories.
  • Credit Needed: Good/Excellent
  • Annual Fee: $0
  • Regular APR: 13.99% – 23.99% (Variable)
  • Other Benefits: Global Assist Hotline and Car Rental Loss and Damage Insurance.

7. Wells Fargo Active Cash® Card

9/10

Wells Fargo Active Cash® Card

Pay attention to The Wells Fargo Active Cash® Card straightforward cashback rewards program and additional perks. This credit card offers simplicity, generous cashback earnings, and valuable benefits, making it an appealing choice.

Pros

  • Provides unlimited cashback on all purchases, with a flat rate of 2%.
  • Offers an introductory 0% APR on purchases and balance transfers for a specific period.
  • Offers cell phone protection and covering for damage or theft.

Cons

  • Charges foreign transaction fees for purchases made outside of the United States.
  • Does not offer a tiered rewards categories.
  • Credit Needed: Good/Excellent
  • Annual Fee: $0
  • Regular APR: 15.49% – 27.49% Variable
  • Cashback: Earn unlimited 2% cashback on all purchases.

Overview of Best Credit Cards Soft Pull

A soft pull, also known as a soft inquiry, is a credit inquiry that does not impact your credit score. It is a mere glimpse into your credit history, allowing potential lenders to pre-approve you for credit products without leaving a lasting mark on your financial record. This approach enables consumers to explore credit card options without fear of damaging their credit scores, making it an ideal first step in the credit card application process.

How to Choose the Best Credit Cards Soft Pull

When searching for the best credit cards with soft pulls, several key factors come into play:

  1. Credit Card Offers: Look for cards that align with your financial goals and lifestyle. Whether its travel rewards, cash back, or low APR, there’s a card out there tailored to your needs.
  2. Soft Pull Availability: Research and identify those that do to minimize the impact on your credit score during the evaluation process. Not all credit card issuers offer soft pulls.
  3. Eligibility Criteria: Check the eligibility requirements for each card. While soft pulls don’t affect your score, you want to apply only for cards you have a reasonable chance of approval for to avoid potential hard inquiries later on.
  4. Customer Reviews: Seek feedback from other cardholders to gauge customer service, rewards programs, and overall satisfaction. Online reviews can provide valuable insights into the credit card’s performance.
  5. Introductory Offers: Evaluate all the available offers and consider how they align with your financial plans. Some credit cards offer attractive sign-up bonuses, 0% APR periods, or cash back incentives.

Pros and Cons of Best Credit Cards Soft Pull

  • No Credit Score Impact: Soft pills offers the opportunity for you to freely explore credit card options without fear of affecting your credit score. The primary advantage of soft pulls is their non-invasive nature i.e. soft pull does not disturb or cause harm to your credit score.
  • Efficiency: Soft pulls provide quick pre-approval results, allow you to compare offers and make informed decisions efficiently.
  • Prevent Rejection: Soft pull helps you to reduce the risk of getting rejected when applying for a credit card, saving you time and frustration through pre-qualifying.
  • Limited Information: Soft pulls only offer a snapshot of your credit history. The final decision for credit approval will still involve a more comprehensive evaluation.
  • Not All Cards Offer Soft Pulls: Soft pull is not available by  all credit card issuers, limiting your choices in this regard

What to Watch Out for with Best Credit Cards Soft Pull

  • Be aware that the pre-approval process may lead to a hard inquiry if you proceed with the final application. Confirm with the issuer to understand their process fully.
  • Review all the terms and conditions of the credit card to ensure there are no hidden fees or unfavorable conditions that may catch you by surprise later on.

Pro Tips

  • Focus on Your Credit Score: While soft pulls won’t affect your credit score, maintaining a healthy credit score is crucial for overall financial health. Pay your bills on time, keep credit utilization low, and monitor your credit regularly.
  • Compare Offers Thoroughly: Don’t settle for the first pre-approval you receive. Compare multiple offers to find the best credit card that suits your needs.

Recap

In conclusion, the world of credit cards need not be a treacherous landscape that threatens your credit score. The best credit cards with soft pulls offer a safe and efficient way to explore your options, providing you with the peace of mind to choose the card that complements your financial goals.

Remember to focus on factors such as credit card offers, soft pull availability, eligibility criteria, and customer reviews to make an informed decision. Embrace the advantages of soft pulls, but be cautious of potential hard inquiries during the final application.

By heeding these insights and pro tips, you can confidently navigate the credit card application process, unlocking a world of financial possibilities while safeguarding your credit score. Happy credit card hunting!

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