it doesn't mean anything, they just dont have pre-approved offers for you.
Starting Score: 575 (As Of Early 2011)
@Anonymous wrote:I thought by opting out you can't get preapprovals.
you wont get them in the mail.
@getmycreditright wrote:I opted out maybe 6-9 months ago. Recently, I was on Discover's preapproval page and it said, "We currently do not have any offers for you at this time." Does this mean that my scores aren't good enough, or they cannot see my reports because I opted out? Any help is appreciated.
The CRAs sell data mined from credit reports to lenders for their promotions. As an example say Discover was looking to improve their coverage of card holders in the mid-west using a set of factors:
#1 within a zip code range
#2 those with other 2 bank cards such as MC/V or AmEx but NO Discover card
#3 those with credit scores above 680 (would pre-qualify)
#4 those with credit scores above 720 (would be pre-approved)
There could be any number of "factors" used in the data collection, but the end result is a mailing list of names & addresses of those that fit the pre-qualify and the pre-approved criteria. Discover would then mail their promotion out to the mailing list and I would think they'd match up the offer to their web site approval area.
By "opting out" you are telling the CRAs that you are on the "No Call List" and they are not to include your data in any data mining sold or given to lenders for promotional purposes. A "freeze" on your credit report is different and I assume that it would also include an automatic "opt out" from data mining for promotional reasons.
The fact that Discover's web site said they do not currently have any offers for you can be blamed on one of two reasons (really just one, the opt out) assuming they would have offered you something had you not opted out. #1 there are no current offers from data mining promotions or #2 you opted out. By opting out, you have told Discover not to include you in any membership promotions, which is why I said its really just one reason.
The good news is, if you qualify for a Discover Card (in this example) the fact there are no current promotions or offers which match up to your name, doesn't mean anything because you'll still be approved based on normal standards for approval (credit scores, income, etc), which of course would include any current membership drive promotions open to any new member.
It's not as confusing as I probably made it sound. 
