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Established Contributor
Posts: 979
Registered: ‎07-16-2010
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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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Established Contributor
Posts: 1,002
Registered: ‎12-06-2011
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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...


Starting Score: 486 EQ, 529 TU, 518 EX 12/6/2011 (FICOS - lender pull)
Current Score: 595 EQ SW 1/10/13 628 TU08 1/10/2013 593 EX (BoA HP) 1/5/12
Goal Score: > 620
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Regular Contributor
Posts: 154
Registered: ‎12-21-2011
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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!!

Starting Score Aug 2011 590/ Gardening until 2013!!
Current Score Walmart 683/ FICO Equifax 722/738/ 708 Transunion FICO 700/ 725 Credit Karma 648/678/
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Established Contributor
Posts: 1,002
Registered: ‎12-06-2011
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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!


Starting Score: 486 EQ, 529 TU, 518 EX 12/6/2011 (FICOS - lender pull)
Current Score: 595 EQ SW 1/10/13 628 TU08 1/10/2013 593 EX (BoA HP) 1/5/12
Goal Score: > 620
Take the FICO Fitness Challenge! | Diamond Spade Garden Club Member: App free since 7/2012
Established Contributor
Posts: 614
Registered: ‎10-23-2011
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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? :smileywink:


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+

Score Update: EQ: 743 (02/03/12) TU: 741 (Walmart 01/11/12), now 761 as of 01/27/12 (Walmart), EX: 741 (Amex 01/04/12)
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Member
Posts: 12
Registered: ‎06-18-2012
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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.

 

Established Contributor
Posts: 599
Registered: ‎03-10-2012
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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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Frequent Contributor
Posts: 375
Registered: ‎01-20-2012
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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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Start: EQ 584 Feb2012 / TU 629 July2012

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Member
Posts: 12
Registered: ‎06-18-2012
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Re: Online PreQualify Sites

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

Regular Contributor
Posts: 237
Registered: ‎07-13-2012
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Re: Online PreQualify Sites

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

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