What is a Pre-Approved Credit Card?
Author: Guest
Posted: Thu Jul 15, 2004 2:39 pm
Post subject: is guaranteed approval really guaranteed?
i got an offer for a guaranteed approval platinum card. is it truly an automatic approval if i haven't switched jobs, live at another address now, or have done any other things that would "void" the guarantee?
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Author: Polonius
Posted: Thu Jul 15, 2004 7:34 pm
Post subject: What is a Pre-Approved Credit Card?
All being "pre-approved" means is that you met a particular credit profile in a massive screening by one credit bureau's computer. When you actually apply, your real credit report is pulled and examined and only then does the bank decide whether to issue a card, with what credit limit, and at what interest rate and terms.
You could get what you were "pre-approved" for or not. You could even have another credit card with the same bank cancelled or have its terms changed or its credit limit reduced after applying for that "pre-approved" card.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Posted: Thu Jul 15, 2004 2:39 pm
Post subject: is guaranteed approval really guaranteed?
i got an offer for a guaranteed approval platinum card. is it truly an automatic approval if i haven't switched jobs, live at another address now, or have done any other things that would "void" the guarantee?
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Author: Polonius
Posted: Thu Jul 15, 2004 7:34 pm
Post subject: What is a Pre-Approved Credit Card?
All being "pre-approved" means is that you met a particular credit profile in a massive screening by one credit bureau's computer. When you actually apply, your real credit report is pulled and examined and only then does the bank decide whether to issue a card, with what credit limit, and at what interest rate and terms.
You could get what you were "pre-approved" for or not. You could even have another credit card with the same bank cancelled or have its terms changed or its credit limit reduced after applying for that "pre-approved" card.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
posted by CardRatings.com at 8:29 PM
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