Credit Tips: Credit Card Acceptance Certificate, Does it Mean I will Get the Credit Card

Posted On: July 1, 2006

Author: collazo
Posted: Mon May 29, 2006 1:07 pm
Post subject: Union Plus Credit Card Acceptance Certificate

I just received a Union Plus Card Acceptance Certificate, for an Electrical Workers Master Card. I have until July 6th to send in the Acceptance Certificate. I was wondering if anyone knows if my completion of this acceptance certificate guarantees my receipt of this card or would they then have to pull a credit report and make their decision based on my Credit Score? Since I am on credit rebuild status I don’t want an inquiry that is going to result with a denial. However, I know that there are sometimes pre-approved cards for certain groups and I can’t tell if this is one of them. They have the website www.unionpluscard.com/applynow. Any input?

Author: Polonius
Posted: Mon May 29, 2006 1:13 pm
Post subject:

Expect to have a credit report pulled when you complete your application.

Author: jlrdc909
Posted: Fri Jun 02, 2006 9:50 am
Post subject: Credit Card Acceptance Certificate, Does it Mean I will Get the Credit Card

They will pull a credit report on you, but if you have been pre-approved, you are probably a little ahead of the game. If you dont get approved, the only thing that will show up is one inquiry, and if thats all, then its not too bad.

Author: collazo
Posted: Sat Jun 03, 2006 10:38 am
Post subject:

Thanks for your replies! I guess an inquiry will go on my report, which from my understanding would effect my credit score. Can anyone estimate, how many points it would decrease my score if at all, realizing that this is one of maybe 6 other inquiries on my report right now. Thanks

Author: EasyRhino
Posted: Sat Jun 03, 2006 11:19 am
Post subject: Credit Card Acceptance Certificate, Does it Mean I will Get the Credit Card

Between 1 and 5 points. The inquiry itself is not a big deal, credit score-wise