It's quite common, actually. A pre-approval is not the same thing as an "approval before you apply." In fact there is no such thing as that. The only way to know for sure whether you will be approved is to apply.
Every so often DH gets pre-approved CC offers in the mail. On occasion he applies and every single time in the past couple of years he's been declined. Why do CCC's do that? Is it common for them to send a pre-approval letter to someone they have no intention of giving a CC to? Has that happened to any of you here before?
giant56 wrote:It just happened to me with Wamu. I called to ask why bother to send me an offer and they said something must have changed with my scores. I said yes..they have gone up!!! It's just frustrating to waste an inquiry on these things.
Add Citi to the list. They hurt my feelings with a fat denial the other day, and to think I was "pre approved"
marty56 wrote:National City Visa pre-approval was the real deal for me. I would stay clear of WaMu and AE pre-approvals. They both send me ones and I had products of their in DMP.Sounds stupid but these days if I was looking for a new CC, I would take my chances and apply on my own.