Cameroon Finance

May 27 2017

Preapproved vs. pre-screened card offers: a big difference #free #anual #credit #report


#pre approved credit cards
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By Erica Sandberg

Dear Opening Credits,

I was just reading an article regarding pre-screened credit card offers. In the article, it says that getting approved for the credit card is ALMOST certain. So I wanted to fill out an offer from Capital One for a Platinum MasterCard. My only concern is that I’m 20 years old, and don’t have any credit history. Plus, I noticed on the terms and conditions that I’m not eligible for such an offer if I don’t have a credit history with one of the three major credit bureaus. So I guess my question is, am I really preapproved for such a credit card regardless of what the terms say? I really don’t want to get rejected again for applying for a card, especially since I heard that rejected credit card applications lower your credit score even before it exists.

Dear Ozzy,

I suspect this is the case for you, that what you received is merely an invitation to apply. The creditor asked the credit agencies to send them the names of people who fit a basic credit profile. So while you may possess enough of the requirements to generate such a marketing letter, acceptance is by no means guaranteed.


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