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Just received 2 credit card offers

Member

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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Message 1 of 4
3 REPLIES
Frequent Contributor

Re: Just received 2 credit card offers

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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Message 2 of 4
Moderator Emeritus

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

 

 

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Message 3 of 4
Senior Contributor

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.  

Message 4 of 4