Does the iPhone Upgrade program require a credit pull *each year* ?

Discussion in 'iPhone' started by MareLuce, Sep 10, 2016.

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  1. MareLuce macrumors 6502

    Joined:
    Sep 26, 2010
    #1
    Does the iPhone Upgrade program require a credit pull *each year* ?

    In another topic someone mentioned that if you are in the iPhone Upgrade program, your credit rating is pulled each year.

    Can anyone verify that
    1) It's a "hard pull" i.e., the kind that hurts your credit rating?
    2) The credit pull is done each year?

    I understand the need to do an initial credit score pull. But not every year.
    ex: I technically "lease" my Satellite TV equipment from DirecTV.
    But when upgraded it this year (2 new boxes + new satellite), they did not do a new credit pull.

    I was planning on signing up for the iPhone upgrade program. But my credit rating is excellent (~805) and I want to keep it that way. If I move and get a new mortgage or stay put and refinance, get a car loan, or a new credit card in the next year, multiple credit pulls in 1 year has always decreased my score.
     

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