Author Topic: pre-approved question (Read 4889 times)

myb821 · « **on:** March 29, 2011, 07:43:54 PM »

If a bank pre approves you for a card does that mean there will not be a hard pull

Cholentfresser · « **Reply #1 on:** March 29, 2011, 07:52:54 PM »

I'm haven't seen pre-approved offers for a while. I've seen many pre-selected offers, which means that you've been chosen to apply, if u wish, but doesn't mean you'll be approved, and applying will do a hard pull.
are u sure u were pre-approved and not pre-selected?

myb821 · « **Reply #2 on:** March 29, 2011, 07:54:40 PM »

Quote from: Cholentfresser on March 29, 2011, 07:52:54 PM

I'm haven't seen pre-approved offers. I've seen many pre-selected offers, which means that you've been chosen to apply, if u wish, but doesn't mean you'll be approved, and applying will do a hard pull.

last time i was in a chase branch the banker i was speaking to told me i had been pre approved for a card i was in a rush and didnt inquire for which one so i was wondering what does pre approved mean. I know chances are is that it is a crappy card but on the off chance it isnt.....

Cholentfresser · « **Reply #3 on:** March 29, 2011, 07:58:00 PM »

when I went into a chase branch to discuss my accounts with them, the lady told me I was pre-approved for a credit card, and she said all u have to do is apply, and I applied and got approved a week later, and it did do a hard pull.

myb821 · « **Reply #4 on:** March 29, 2011, 08:00:15 PM »

Quote from: Cholentfresser on March 29, 2011, 07:58:00 PM

when I went into a chase branch to discuss my accounts with them, the lady told me I was pre-approved for a credit card, and she said all u have to do is apply, and I applied and got approved a week later, and it did do a hard pull.

thank you for the information

Cholentfresser · « **Reply #5 on:** March 29, 2011, 08:02:13 PM »

you're welcome.

myb821 · « **Reply #6 on:** March 29, 2011, 08:07:31 PM »

i figured id call anyways and ask the credit card side of chase said they dont have information on pre approved cards they ony have that in the branch but as u said even being pre approved they do a hard pull

Cholentfresser · « **Reply #7 on:** March 29, 2011, 08:10:22 PM »

I can't say for all situations, but by me that's what happened. I was pre-approved in the branch, and I had to apply, and I did get a hard pull.
good luck!

hocker · « **Reply #8 on:** March 29, 2011, 08:21:34 PM »

Did anyone ever not get approved after being pre-approved?

myb821 · « **Reply #9 on:** March 29, 2011, 08:25:01 PM »

Quote from: hocker on March 29, 2011, 08:21:34 PM

Did anyone ever not get approved after being pre-approved?

they told me on the phone u will almost always be approved but u may not get the exact credit line that u were approved for

AsherO · « **Reply #10 on:** March 29, 2011, 11:30:13 PM »

Quote from: myb821 on March 29, 2011, 08:25:01 PM

they told me on the phone u will almost always be approved but u may not get the exact credit line that u were approved for

IIRC It's illegal for them to tell you that you're pre-approved and then decline you. Beware of invitations/pre-selections (whatever that even means), those are not at all guaranteed to be approved.

myb821 · « **Reply #11 on:** March 29, 2011, 11:33:48 PM »

Quote from: AsherO on March 29, 2011, 11:30:13 PM

IIRC It's illegal for them to tell you that you're pre-approved and then decline you. Beware of invitations/pre-selections (whatever that even means), those are not at all guaranteed to be approved.

what is IIRC and that is not what they told me on the phone

AsherO · « **Reply #12 on:** March 29, 2011, 11:34:53 PM »

Quote from: myb821 on March 29, 2011, 11:33:48 PM

what is IIRC and that is not what they told me on the phone

If I Remember Correctly. Just because they said it on the phone, doesn't make it true (or legal).

myb821 · « **Reply #13 on:** March 29, 2011, 11:37:12 PM »

thats true i was really hoping that pre approved meant no hard pull but no such luck

smurf · « **Reply #14 on:** November 14, 2011, 10:28:51 PM »

I got an offer saying I was pre-approved for the Citi AA amex. It's basically an add on to my existing Citi visa. It's been mentioned here before, and I was wondering, will accepting it mean a hard pull?

Dan · « **Reply #15 on:** November 14, 2011, 10:29:42 PM »

Probably.

smurf · « **Reply #16 on:** November 14, 2011, 10:31:50 PM »

Quote from: Dan on November 14, 2011, 10:29:42 PM

Probably.

Even though it isn't a new line of credit? Basically they offered me an amex as an add on to my visa whereas using the amex will get me 1.2 miles. They do this because they probably make more money off amex processed cards.

myb821 · « **Reply #17 on:** November 14, 2011, 11:02:13 PM »

i dont think it will be a hard pull but not sure

Dan · « **Reply #18 on:** November 14, 2011, 11:04:04 PM »

Quote from: smurf on November 14, 2011, 10:31:50 PM

Even though it isn't a new line of credit? Basically they offered me an amex as an add on to my visa whereas using the amex will get me 1.2 miles. They do this because they probably make more money off amex processed cards.

Sorry, didn't read your question closely enough. If it's just an add-on I have no idea how they work that out.

smurf · « **Reply #19 on:** November 15, 2011, 12:25:44 AM »

Quote from: Dan on November 14, 2011, 11:04:04 PM

Sorry, didn't read your question closely enough. If it's just an add-on I have no idea how they work that out.

I thought I read on the forums how some people got the card so I was hoping to hear from their experience. In the meantime I'll PUTPAC and report back