US Bank Cash+ Prequalified?

[unrlmth]

I got a letter saying that I was pre-qualified for the Cash+.  Is this a firm offer?  Or is it still subject to credit approval?  I applied for and was denied it around 3 months ago.

The letter says:

Dear <My name>,

Your excellent credit history pre-qualifies you for the ne US Bank Cash+ Visa Sig. 

But then it says:  We will first consider you for the Cash+, but if you do not qualify you will be automatically considered for the cash rewards.

[HiLine]

I'd be surprised if your letter didn't say something along the line of "your application is subject to credit approval".

[coldnmn]

Do you bank with them?

[coldnmn]

Pre-qualified is not pre-approved so no it's not a sure thing.

[axledobe]

If it quotes a specific APR and has the opt out prescreen notice on it, it's a firm offer and legit. I'd be sure you have at least one 5K+ limit and note that they use FICO 04 scoring model which is usually lower than the 08 model. In my case, it's 50 points lower. I was approved in July with a mailed offer for 10K with a 724 FICO 04 score. Hope this helps. 

[unrlmth]

Sounds like it might be a firm offer.  Thanks for the info.  

[fot1]

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@axledobe wrote:

If it quotes a specific APR and has the opt out prescreen notice on it, it's a firm offer and legit. I'd be sure you have at least one 5K+ limit and note that they use FICO 04 scoring model which is usually lower than the 08 model. In my case, it's 50 points lower. I was approved in July with a mailed offer for 10K with a 724 FICO 04 score. Hope this helps. 

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I never knew that..