What is a CBNA credit card? (2024)

Have you recently applied for a credit card for loan purposes? If so, your bank/credit card company issues you a CBNA credit card. Generally, CBNA refers to Citibank North America, the fourth-largest credit card company working in the USA, with over 138 million customers.

With a CBNA credit card, you can apply for loan applications after passing a hard inquiry. So if you see CBNA on your credit report, it’s because you applied for credit. However, if you did not apply and still see CBNA on your credit report, you might be in some trouble.

What Does CBNA Means

Generally, CBNA is referred to as Citibank North America, among the biggest credit card companies with over 138 million customers. CBNA credit card helps its valuable consumers access additional finances conveniently. However, some other financial institutes can be named CBNA too. Let’s check them out as follows.

Community Bank NA

Community Bank NA can be another abbreviation for CBNA. This financial institute allocates loans to its personal and business purposes in Pennsylvania. If you see CBNA in your credit report, it could be due to your loan application. CBNA would conduct a hard inquiry on your credit history to ensure you’re not a defaulter.

Comenity Bank

Here we have another CBNA institute that allows credit for large store purposes. Comenity Bank has been associated with some of the largest stores like Victoria’s Secret.

Credit Bureau Of North America

The Credit Bureau Of North America could be the CBNA that appeared in your credit report. It’s an agency that collects unpaid debts on behalf of companies. CBNA can contact you via mail, emails, letters, etc. if you have any previous debt liability. So you have to respond to CBNA in the given duration to prevent a lawsuit against you.

Why Are You Inquired For Getting Credit?

Credit companies are obligated to check your background history before allowing credit to you. They take several hard inquiries via CBNA, conducted for two years. They keep observing your financial matters during this duration to ensure you’re not a defaulter.

And to consider your reliability, they have to make sure you would not default in repaying the amount in the future with decided interest. So that’s why Credit card companies conduct an inquiry on you before transferring credit.

What To Do If You See the CBNA Credit Card Report?

Having CBNA on your credit report surely leaves a negative impact on your score, but in the long term, it’s beneficial. A hard inquiry is being conducted to ensure you’re a reliable person and have no defaulter history.

A hard inquiry is conducted by the lender or the company you have requested the credit for. The company then observes your financial internals deeply and checks your financial matters.

If you see a CBNA credit card report, there is no need to worry because it has a minimal effect on your credit score. It would be best if you usually had a score of around 5 points to maintain for two years.

Once it is completed, your account will be considered among the favorite consumers who can get you additional bonuses.

So CBNA on your credit report is totally fine unless you haven’t requested any credit yourself. In such a situation, you have to notify the authorities immediately.

Steps To Defend Against CBNA Credit Card Report

CBNA credit card report does not create any problem and has a minimal effect on your credit score. However, you might be in trouble if you haven’t requested any credit and yet see CBNA on your credit report. Someone might have access to your social security number and take a loan in your name. If you suspect fraudulent activity, follow the given steps immediately.

Notify The Company

Firstly, contact your credit card company as soon as possible and notify them about your suspect. Let them know you haven’t requested any loan, yet CBNA appears on your credit report.

Let them know that you are ready to speak about the issue and ready to help them prevent bigger losses.

Alert Authorities

The Federal Trade Commission is a relevant authority that deals in solving fraudulent activities. Visit their official website and report to them about the situation.

They’ll conduct a deep inquiry regarding the matter and make sure whether it is due to a technical mistake or some serious issue.

Inform Credit Bureau

Experian, TransUnion, and Equifax are three major credit bureaus that you should notify upon suspecting fraudulent activities. This is so you may finish any documentation particular to each bureau and put your accounts on hold.

This will prohibit the creation of new bogus accounts to proceed in the future. The main credit bureaus will also provide you with a free 90-day fraud alert.

This will notify you if any new activity on your account might indicate identity theft.

Chances are it might happen due to a mistake. It’s possible someone mistakenly typed the characters of your social security number. Similarly, the authorities might be confused because of the same names. However, notifying authorities is appropriate.

Having a CBNA credit card report is not an alarming situation unless you haven’t requested credit by yourself. If you observe anything like that, take action immediately to prevent major loss.