Do you do a hard or soft pull? Which credit bureaus do you use?
Our partner bank, Evolve Bank & Trust, as the issuer of the card will perform both a soft credit pull and hard credit pull during your application process. We may use multiple bureaus when performing these credit pulls. For an example of what an inquiry looks like, please see below.
A soft credit inquiry will be performed initially to check what rates you may be pre-approved for. If you are pre-approved, an offer will be presented to you in-app that will outline the credit Terms and Conditions (i.e APR, Rewards, Annual fee, etc.)
Upon acceptance of the offer, your credit reporting agencies will be notified that you have been approved for a Paceline Card. A hard inquiry will appear on your credit report which may impact your credit score.
Evolve Bank & Trust reserves the right to reference any of the credit bureaus for this hard credit pull. For this reason, please be sure to unfreeze your credit accounts across all the bureaus when applying for the Paceline Card.