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Posts: 11
Registered: ‎03-28-2010
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Just received 2 credit card offers

I just received 2 offers in the mail, one is a Visa Platinum and the other is a Mastercard Platinum. Both offers say they are pre-qualified and they are for people rebuilding their credit (which is what I'm trying to do). I'm wondering if I should apply for one of them, I need a card to rebuild my credit but I don't want the risk of having an inquiry on my report if I'm not going to get approved.Of course both say I am already pre-approved.


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Posts: 368
Registered: ‎09-14-2009
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Re: Just received 2 credit card offers

[ Edited ]

Well it depends, what companies are offering it to you and what are the terms?

 

Also, pre-approved doesn't always mean you're approved already just by mailing the app back.


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Posts: 16,443
Registered: ‎07-14-2009
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Re: Just received 2 credit card offers

 


jaystay wrote:

Well it depends, what companies are offering it to you and what are the terms?

 

Also, pre-approved doesn't always mean you're approved already just by mailing the app back.


 

 

+1

 

If you read the fine print it says they will still pull a credit report for final determination. IME

 

 

From a BK years ago to:
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Senior Contributor
Posts: 3,197
Registered: ‎01-24-2010
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Re: Just received 2 credit card offers

There can be awful terms, Have you read them.

 

If you have bad credit, secured cards are often a better option.  

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