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Online PreQualify Sites

Established Contributor

Re: Online PreQualify Sites

Basically id say a good rule of thumb is unless you are applying for a specific card, its a soft pull or maybe not even a pull at all like a pre-approval database search.

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$6050 $5000 $10500 $2416 $6500 $3000
Message 31 of 50
Established Contributor

Re: Online PreQualify Sites

 

@namvet

 

I checked the HSBC one and I put my info such as SSN and employment info but did NOT click the APPLY button.... did I just made a mistake and might have gotten a HP on my CBR!? D:

Oh noooooooo...

Message 32 of 50
Regular Contributor

Re: Online PreQualify Sites

You have to select the credit card tab and hit apply now.  It is a soft pull unless you decide to complete and actual application.

 

The benefit to using the pre-selector is you will know if you have an actual chance of getting a secured card or you can only apply for an unsecured card.

Once you know you can make the decision of you want to spend the pull or not. 

 

Good luck to you!!

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Message 33 of 50
Established Contributor

Re: Online PreQualify Sites

 

Ohhh okay, it did give me some kind of Mastercard option to apply... the following tab was agreeing to the terms, etc... then revieweing the application, and then see whether I was approved or not... *phew* good to know!

Message 34 of 50
Established Contributor

Re: Online PreQualify Sites


2NE1 wrote:

 

Ohhh okay, it did give me some kind of Mastercard option to apply... the following tab was agreeing to the terms, etc... then revieweing the application, and then see whether I was approved or not... *phew* good to know!


Did you pull the trigger? Smiley Wink


Starting Score: EQ 686 10/18/11, TU 689 10/25/11, EX 685 10/11 (Amex Pull)....these are all FICO scores
Current Score: EQ 702 10/24/11, TU 689, EX 685
Goal Score: 750+

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Message 35 of 50
Member

Re: Online PreQualify Sites

I hate to create new forums, so even though this string hasn't been updated in a while, I will at least start here. 

 

Does anyone know how it's really possibly for a credit card company to approve a CC and give you a line of credit simply off of a soft pull. If that's even what is happening, what factors are they using to determine if you are even worthy of a CC?

 

I could be totally wrong in my questioning, but I'm just curious.

 

Message 36 of 50
Established Contributor

Re: Online PreQualify Sites

They don't give it to you straight off a soft pull. You will still have to apply, and then they will do a hard pull. Depending on how along ago the soft pull was done your report may change significantly from that time until the day you apply (utilization, new account reporting, new inquiries)

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Newest to Oldest
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Message 37 of 50
Frequent Contributor

Re: Online PreQualify Sites

There's no guarantee that you will even be approved when you actually apply if the pre-qualify site says it thinks you would be a good fit for a specific card. It's basically telling you that you have a good shot at being approved based on loose criteria that hasn't been fully vetted.

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Message 38 of 50
Member

Re: Online PreQualify Sites

Makes sense, thanks for the responses, I love this site, a great wealth of information on here!

Message 39 of 50
Regular Contributor

Re: Online PreQualify Sites

Some of those links seem to be outdated. Does anyone have new ones that they can post here?

EX 638 (Lender 9/1) TA 650(Walmart 9/1) EQ 655 (FICO - 9/17)
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Message 40 of 50