The Shopping Cart Trick, also known as the “Soft Pull Trick,” is a method used by individuals to increase their chances of getting approved for credit cards. The trick involves adding items to your online shopping cart and then going through the application process for a credit card, without actually completing the purchase. This method is used because it triggers a soft pull on your credit, which has a lower impact on your credit score compared to a hard pull.
In this article, we will discuss the Shopping Cart Trick in detail, including how it works, the best ways to use it, and the potential risks involved.
How the Shopping Cart Trick Works
The Shopping Cart Trick works by taking advantage of the pre-approval process for credit cards. When you apply for a credit card, the issuer will check your credit score and credit history. If you meet the issuer’s requirements, you will pre-approved for the card. However, if you do not meet the requirements, you will be denied.
The Shopping Trick involves adding items to your online shopping cart and then going through the application process for a credit card, without actually completing the purchase. This triggers a soft pull on your credit, which has a lower impact on your credit score compared to a hard pull. The soft pull allows you to see if you pre-approved for a credit card without the negative impact of a hard pull.
When you use the Cart Trick, it is important to note that the credit card issuer will still check your credit score and credit history. However, the soft pull will not affect your credit score as much as a hard pull.
Best Ways to Use the Shopping Cart Trick
The Shopping Cart Trick is most effective when used in conjunction with other credit-building strategies. Here are a few ways to use the Cart Trick to increase your chances of approved for credit cards:
- Find pre-approved offers: You can use the Cart Trick to find out which credit card issuers are offering pre-approved offers. This can be helpful if you are looking for a specific type of credit card, such as a rewards card or a low-interest card.
- Check your credit score: The Cart Trick can also used to check your credit score without affecting it. This can be useful if you want to see how your credit score has changed over time.
- Combination with other credit-building strategies: The Cart Trick is most effective when used in combination with other credit-building strategies. For example, you can use the Cart Trick to find pre-approved offers and then use that information to apply for a credit card with a low-interest rate.
Potential Risks Involved
While the Shopping Cart Trick can be a useful tool for increasing your chances of approved for credit cards, there also potential risks involved. Here are a few potential risks to consider:
- Misuse of the Shopping Cart Trick: Misusing the Shopping Trick can result in multiple hard pulls on your credit, which can negatively affect your credit score. It is important to use the Shopping Trick responsibly and only use it for the purpose of finding pre-approved offers or checking your credit score.
- Denied credit card applications: Even if you pre-approved for a credit card, you may still be denied if you do not meet the issuer’s requirements. This can result in multiple hard pulls on your credit, which can negatively affect your credit score.
- Accidentally completing a purchase: When you use the Shopping Trick, it is important to make sure you do not accidentally complete the purchase. If you do, it will trigger a hard pull on your credit and could negatively affect your credit score.
Conclusion
In conclusion, the Shopping Cart Trick, also known as the “Soft Pull Trick,” a useful tool for increasing your chances of approved for credit cards. By adding items to your online shopping cart and then going through the application process for a credit card, without actually completing the purchase, it triggers a soft pull on your credit, which has a lower impact on your credit score compared to a hard pull.
However, it is important to use the Shopping Cart Trick responsibly and only use it for the purpose of finding pre-approved offers or checking your credit score. Additionally, it’s important to use the Shopping Cart Trick in combination with other credit-building strategies and aware of the potential risks involved. With the right approach, the Shopping Trick can help you to build your credit and increase your chances of approved for credit cards.