Yes, Capital One SavorOne does a hard pull on your credit report when evaluating your credit card application.
Keep in mind that you will need a credit score of 700+ to get it. This means that at least good credit is required for high chances of approval.
Here’s what Capital One SavorOne hard pull causes:
A hard pull can affect your credit score, usually by a few points. But having too many on your credit report, especially within a short period of time, can significantly lower your credit score.
The good news is, though, that the issuer allows you to prequalify online for some of their credit cards, including Capital One SavorOne, with no impact on your credit score. However, responding to these offers and submitting an actual application will trigger a hard pull.
More specifically, a hard pull usually causes an applicant's credit score to drop by 5-10 points. Most people’s scores bounce back within 3-6 months with responsible credit management, but it can take up to 12 months.
Ultimately, you can learn more about how to minimize the credit score damage by readingthis article.
This answer was last updated on 01/15/24 and it was first published on 07/14/21. For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.
