what credit bureau does bilt pull from

Natasha willow

2 min read

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18-01-2025

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Introduction:

Choosing a rewards credit card often involves considering the impact on your credit score. Understanding which credit bureaus a card pulls from is crucial for managing your credit health. This article will delve into the specifics of the Bilt Rewards credit card and clarify which credit bureau it uses for credit checks. We'll also address common questions and provide helpful tips for maintaining a strong credit profile.

Which Credit Bureau Does Bilt Pull From?

The Bilt Rewards credit card does not perform a hard credit pull from any of the three major credit bureaus (Equifax, Experian, and TransUnion) when you apply. This is a significant advantage for applicants who want to avoid a potential temporary dip in their credit score.

Instead of a traditional hard inquiry, Bilt uses a "soft pull" from TransUnion. This means they access your credit report without impacting your credit score. This soft pull simply helps Bilt assess your creditworthiness to determine your eligibility for the card.

Understanding Hard vs. Soft Credit Inquiries

It's important to understand the difference between hard and soft credit inquiries:

• Hard Inquiry: A hard inquiry appears on your credit report when a lender pulls your credit report to assess your creditworthiness for a loan or credit card application. Multiple hard inquiries in a short time can slightly lower your credit score.

• Soft Inquiry: A soft inquiry is an access of your credit report that does not impact your credit score. These are often conducted for pre-approvals or when you check your own credit report.

Because Bilt uses a soft pull from TransUnion during the application process, you can check your eligibility without worrying about harming your credit score.

How Bilt Reports to Credit Bureaus

While Bilt doesn't perform a hard pull during application, it does report your payment activity to all three major credit bureaus: Equifax, Experian, and TransUnion. This means that responsible credit card use with Bilt can positively impact your credit score over time, building a positive payment history.

Maintaining a Strong Credit Score with Bilt

Here are some tips for maximizing the positive credit impact of your Bilt Rewards card:

• Pay on Time: Always pay your Bilt Rewards credit card bill in full and on time. Late payments are heavily weighted in your credit score calculation.

• Keep Your Credit Utilization Low: Aim to keep your credit utilization (the amount of credit you're using compared to your total available credit) below 30%.

• Monitor Your Credit Report Regularly: Regularly checking your credit report from all three major bureaus helps you identify any errors and track your progress.

• Diversify Your Credit: Having a mix of credit accounts (credit cards, loans, etc.) can demonstrate creditworthiness.

• Avoid Opening Too Many New Accounts: Applying for multiple credit accounts in a short period can negatively impact your score.

Conclusion

The Bilt Rewards card offers a unique approach to credit checks, using a soft pull from TransUnion during application and reporting your payment activity to all three major bureaus afterward. Understanding this process can help you manage your credit effectively while enjoying the benefits of the Bilt Rewards program. Remember to always use your credit cards responsibly to build and maintain a strong credit profile.