CC Offers and Soft Pulls

[cakkd]

When my credit was horrible, I rarely got CC offers, but when I did they were from some obscure bank with enormous APRs.

When my credit got a little better, I would sometimes get offers for CCs with a 19.99% APR or higher.

Now that my credit is still better, I seem to get three CC offers a week with offers around 14.99% or 15.99% after a long 0% period.

So, maybe I’ve answered my own question, but do SPs let CC companies know what credit bracket you are in, and thus what type of CC product to offer you unsolicited?

[Anonymous]

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@cakkd wrote:

When my credit was horrible, I rarely got CC offers, but when I did they were from some obscure bank with enormous APRs.

When my credit got a little better, I would sometimes get offers for CCs with a 19.99% APR or higher.

Now that my credit is still better, I seem to get three CC offers a week with offers around 14.99% or 15.99% after a long 0% period.

So, maybe I’ve answered my own question, but do SPs let CC companies know what credit bracket you are in, and thus what type of CC product to offer you unsolicited?

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Yes

[cakkd]

How low will the APR offers go?

[GoldSorata]

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@cakkd wrote:

How low will the APR offers go?

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Depends on the card being offered. If you look up specific cards they'll specifiy under the terms what the APR range is.

I jumped on a Cap 1 QS prequal because it was an offer for one with a 12.9% APR