Well, it is a technique to get permitted for credit cards without having a hard pull on your credit report. Thus, what typically occurs is that your credit score goes up when a new account is reported instead of going down due to a hard pull. You could read more at shoppingcarttrick.net.
Why is this Helpful?
Hard inquiries could be harmful to your general credit health if you have no credit history or a low credit score. This makes rebuilding or building hard. Furthermore, a score of below average could lead to being repudiated all together with an old-style application. This method prevents these issues. For instance, there are some individuals were repudiated through a customary application for Victoria’s Secret. However, they were approved using the shopping card trick.
Remember, this isn’t an instrument you must utilize to go crazy with your credit. However, it works good to restructure the credit you have.
How to Do it?
This technique is primarily completed with shops that utilize Comenity Bank as its issuer of credit card. Though several others might work, it is mostly CB shops.
- Clear your browser cookies, cache, and history.
- Visit the site of one of the shops that use Comenity Bank as the card issuer. Register to their site and subscribe to their e-mail list.
- Order 1 or 2 products in your cart and go to their checkout page.
- Continue with the checkout procedure, either right before you’re to choose a payment method or after you enter your shipping address. A popup would appear urging you to apply for their shop card.
You’re good if this pops up. You would know it is the shopping cart trick since it would ask you only for the last 4 digits of your social security number.