This is a bit strange to me, so I wanted to ask the community if they have ever faced a similar situation.
I opened a Barclaycard Rewards account in February. At the time it was 24.99% APR. I got a mailing in July for the same card, saying I was pre-approved. I decided to apply since it had a lower APR. I was approved, and then combined my old bacrclay accounts to the new one. This closed the old accounts.
Yesterday, I get *another* preapproval letter in the mail for the same card. I'm obviously not going to apply again, but what gives? Are they going to be sending me pre-approvals for a new card every month now? lol?
So they can still decline you if they send you pre-approvals though, right? I mean, every time you apply, at minimum you add an inq to your report. At some point, there has to be a threshold that they don't like you to pass, are they just going to ignore that if you just happen to be there and then approve you anyway?
Pre-approvals aren't guarantees in other words, is what I'm pretty much asking.
You got it exactly right. I doubt they'd keep approving you for the same card. Pre approvals tell you that you're what they're looking for in a customer, but by no means does it guarantee anything.
