Will switching credit cards with the same company adversely affect my credit score?
by Author on Thursday, September 9th, 2010 | 3 Comments
I would like to change one of my current credit card to a better rewards card offered by the same company. Is it possible to do this without additional credit checks? I don't want to lose my 2 year history on the card by changing the type of card and I don't want too many inquiries on my credit to lower my score.
I have 2 cards that I inquired about. One let me do it and the other wanted me to go through a new application. Thanks!
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Many companies will allow you to convert your existing card to another card.
When they convert the cards they do not require that you "apply" for the new card, though they "may" make a soft or a hard inquiry to check your reports.
Usually they use a soft pull and/or go by their internal records to see if you qualify for the type of card you want to convert to.
If you qualify for the type of card you want to convert to then they will convert the card.
The new card will carry the history of the old card. It will be as if the old card never existed on your reports but you will still have the 2 year history.
if they have to take an application for credit than that is what will happen. if they can just add the points program on to your existing card then you’ll be fine.
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