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New Contributor
shasta
Posts: 69
Registered: ‎11-02-2011

B of A preapproval?

I have been a banking partner with B of A and Chase for many years. I never have preapproved offers from Chase, however, when I was signing out of my account from B of A the other day, it asked me if I wanted to see if I was preapproved for any credit cards offers. It said it would only be a soft pull, so I pulled the trigger.

 

It came back and said, "b of a cash rewards". Now, it didn't say I was pre-approved, it said this was the card that they had for me.

 

What does that mean? Is this something that B of A uses to trick people into applying? I have been a loyal customer for 6 years and I was signed into my account when they checked the "offers".

 

If I am preapproved, it's definitely worth the hard pull. But, I don't want to waste an inquiry if I am pre-qualified.

Valued Contributor
djc1puno
Posts: 1,715
Registered: ‎03-07-2013

Re: B of A preapproval?

I think the bofa is for prequalify unless it says your pre approved once you run it thru...if u really want it and can spare the inq, only one way to find out... :smileywink:


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Valued Contributor
injustifiiable
Posts: 1,846
Registered: ‎03-30-2012

Re: B of A preapproval?


shasta wrote:

I have been a banking partner with B of A and Chase for many years. I never have preapproved offers from Chase, however, when I was signing out of my account from B of A the other day, it asked me if I wanted to see if I was preapproved for any credit cards offers. It said it would only be a soft pull, so I pulled the trigger.

 

It came back and said, "b of a cash rewards". Now, it didn't say I was pre-approved, it said this was the card that they had for me.

 

What does that mean? Is this something that B of A uses to trick people into applying? I have been a loyal customer for 6 years and I was signed into my account when they checked the "offers".

 

If I am preapproved, it's definitely worth the hard pull. But, I don't want to waste an inquiry if I am pre-qualified.


That's the one they try to hawk to everyone...you need to check for that "you can stop receiving pre-sceened offers" box on the webpage.

 

BoA usually sends people who are pre-approved mail almost every week. My dad gets one or two on a regular basis actually....

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