No Hard Search?

Money_and_Travel

I took out a new credit card, a little under 2 months ago, and it has now appeared on my Clearscore file.

However, Clearscore is not showing any Hard Searches.

Don't banks perform a Hard Search, before issuing a credit card?

flaneurs_lobster

https://forums.moneysavingexpert.com/discussion/6681433/no-hard-search

Usually, but it's not mandatory. A bank you already had a relationship with?

Any chance that the search(es) are showing on another Credit Reference Agency's report?

Money_and_Travel

https://forums.moneysavingexpert.com/discussion/comment/82119269#Comment_82119269

Yes, a bank I've been with for 27 years.

Haven't checked the other CRAs yet.

Brie

"a bank I've been with for 27 years"

so instead of a credit search they've looked at the history of how you have handled your account with them and obviously were happy with what they saw.

also not every bank/company reports to every agency. some will Experian, others Transunion, etc.

The_Groat_Counter

https://forums.moneysavingexpert.com/discussion/comment/82119310#Comment_82119310

…and sometimes even if they report to a particular CRA, they don't use that CRA for hard checks (perhaps only soft checks).

Presumably there is a cost and efficacy calculus behind such decisions made by a bank or financial institution as to which of the CRAs they use for which particular services.

Brie

https://forums.moneysavingexpert.com/discussion/comment/82120378#Comment_82120378

My last employer (not a bank) was charged £1 for each time reports were requested from both experian and transunion. I know the bank I used to work for previously would also be charged but no idea how much. I think the volume of requests would factor in to what deal they got but even a penny a time would be factored in to the cost of doing business.