What is CBNA?
CBNA is a credit report code that generally stands for Citibank North America. Citibank is the 4th largest credit card issuer in the United States. They have over 138 million customers.
However, it could also stand for Credit Bureau of North America, Community Bank, N.A.
Why is CBNA on my credit report?
‘CBNA credit card’ may be on your credit report as a hard inquiry. This happens when you’ve applied for a credit card issued by Citibank.
Citi has some of the most popular credit cards on the market such as:
- Citi Diamond Preferred
- Citi Double Cash
- Citi Premier
- Citi Prestige
- Citi Rewards Card
- Citi Simplicity
They also have co-branded cards with brands such as:
- American Airlines
- Best Buy
- The Home Depot
Citibank (CBNA) Hard Inquiries
The following is a list of Citibank inquiry codes that you may find on your credit report:
- CBNA Best Buy
- CBNA Credit Card
- CBNA Home Depot
- CBNA Sioux Falls
- SYW MC/CBNA
- Universal CD CBNA
What is a hard inquiry?
A hard inquiry occurs any time you apply for new credit and the lender or creditor runs a credit check. It can be for a mortgage, apartment, car loan, credit card, insurance policy, cell phone, and sometimes even a job application.
Hard inquiries will typically only drop your credit score by a few points. However, if you have too many, especially in a short period of time, they can really start to add up and do some damage.
What is a soft inquiry?
A soft inquiry occurs when a creditor checks your credit history without your permission. This could be a lender with whom you’ve talked to for a pre-approval quote but haven’t actually applied for a loan. Sometimes a soft inquiry might even be pulled by an existing creditor just checking on your current credit situation.
Soft inquiries do not have an impact on your credit scores.
If you don’t recognize the inquiry or you are sure you didn’t make the inquiry, contact Citibank North America and ask them why an inquiry was made. The creditor’s name should be listed under the hard inquiry section of your credit report.
How long does a CBNA inquiry stay on your credit report?
A hard inquiry can remain on your credit report for up to 2 years. Each time a hard inquiry is made, it is recorded by one or all of the three major credit bureaus – Equifax, Experian, and TransUnion.
Having a single hard inquiry on your credit report like CBNA won’t cause much damage to your credit score. However, if you have multiple credit inquiries within a 2-year period, they can impact your credit significantly.
Can CBNA be removed from my credit report?
Lexington Law specializes in removing CBNA inquiries and other negative marks on your credit report. They have over 18 years of experience and have removed over 7 million negative items for their clients in 2020 alone.
They can also help you dispute (and possibly remove) the following items:
- late payments
- charge offs
Get Your Inquiries Removed Today!
If you’re looking for a reputable company to help you repair your credit, we highly recommend Lexington Law.
Call them at (800) 220-0084 for a free credit consultation. Paralegals are standing by waiting to take your call.