09-20-2012 11:46 AM
It's a soft pull service that matches cards to your profile...anyone ever used this? It said I could get a cap one cash rewards, but cap one's website doesn't have any per approvals for me. I did opt out...is that why? Or is it because I have a bbrzmc and am an AU on my husband's cap one?
09-20-2012 12:58 PM
I think those services look at your profile and compare you to others and who got what sort of thing.
Being prequalified means that the bank itself did that and wants you to apply the two are pretty much unrelated and neither guarentees an approval (or even a denial for that matter)
09-20-2012 01:01 PM
I tried it once. It seemed very strange - recommended just about every amex revolver, and just about every cap on prime card (no citi or chase which I thought was odd)
Another thing that was strange about it was it recommended me a few rebuilder/first premier cards, even though I'm not rebuilding and the cards listed in my sig are the only ones I have ever had (with the exception of a cap one student card that I've permanently sd'ed until they close it for me.)
To try to answer your question though, I am opted in and got cap one offers for the card match, but get nothing whenever I try their prequalifier. I don't think card match is a reliable service, and even though they sp ex they still tailor their results to promote ccc's that pay them the most (or probably something like that anyway).
09-20-2012 03:27 PM
They have to make their money somewhere, so presumably they're taking "advertisement" money for recommending certain lender's cards.
No different than Credit Karma in that regard.
09-20-2012 05:44 PM
Just tried this, really is quite funny....
According to this, not only do I qualify for THREE AMAZING FIRST PREMIER CARDS....BUT....
Also the amex plat,PRG and a bunch of cap1s
myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.>> About myFICO