Which Credit Cards Check Transunion?
When it comes to credit cards, it’s essential to understand the role credit bureaus play in the application process. Credit bureaus collect and maintain consumer credit information that is used by lenders to assess creditworthiness. TransUnion is one of the three major credit bureaus in the United States, alongside Experian and Equifax. So, if you’re wondering which credit cards check TransUnion, read on to find out more.
Credit card issuers generally evaluate an applicant’s creditworthiness by reviewing their credit report and credit score. While many credit cards check multiple credit bureaus, some primarily rely on TransUnion for their evaluations. Here are a few credit cards that typically check TransUnion during the application process:
1. Capital One® QuicksilverOne® Cash Rewards Credit Card:
This card is designed for individuals with average credit. Capital One usually checks all three major credit bureaus, including TransUnion, to assess an applicant’s creditworthiness. The card offers 1.5% cash back on all purchases and can be a suitable option for those looking to build or improve their credit history.
2. Discover it® Secured Credit Card:
The Discover it® Secured Credit Card is an excellent choice for individuals looking to establish or rebuild their credit. Discover primarily checks TransUnion when considering applications for this card. It offers various benefits, such as cash back rewards, no annual fee, and an opportunity to upgrade to an unsecured card after responsible credit use.
3. Citi® Double Cash Card:
Citi® Double Cash Card is a popular cash back credit card that typically checks TransUnion as part of the application process. It offers 2% cash back on all purchases – 1% when you make a purchase and an additional 1% when you pay it off. This card is ideal for individuals with good to excellent credit.
4. Bank of America® Cash Rewards Credit Card:
Bank of America® Cash Rewards Credit Card is another credit card that may check TransUnion during the application process. It offers cash back rewards on various categories, making it a flexible option for earning rewards on everyday spending.
5. American Express® Gold Card:
The American Express® Gold Card is known for its impressive rewards and benefits. While American Express primarily relies on Experian or Equifax, it may also check TransUnion during the application process. This card is geared towards individuals with good to excellent credit and offers rewards on dining, groceries, and travel.
Q: Will checking my credit report affect my credit score?
A: No, checking your own credit report is considered a soft inquiry and does not impact your credit score.
Q: How often should I check my credit report?
A: It is recommended to check your credit report at least once a year to ensure its accuracy and to detect any potential identity theft.
Q: Can I dispute inaccurate information on my credit report?
A: Yes, if you find inaccurate information on your credit report, you can dispute it with the credit bureau reporting it. They are required by law to investigate and correct any errors.
Q: Will applying for multiple credit cards hurt my credit score?
A: Applying for multiple credit cards within a short period can temporarily lower your credit score. It is best to space out your applications and only apply for credit you genuinely need.
Q: How long does negative information stay on my credit report?
A: Negative information, such as late payments or accounts in collections, can stay on your credit report for up to seven years. Bankruptcies can remain for up to ten years.
In conclusion, several credit cards primarily check TransUnion during the application process. These cards can be an excellent option for individuals with average to excellent credit looking to build credit history or earn rewards. Remember to monitor your credit report regularly and use credit responsibly to maintain a healthy credit profile.