Frequent Contributor
Posts: 395
Registered: ‎08-11-2010

What does "pre-selected" mean?

I received an offer this weekend in the mail for an Orchard Bank Visa with a $300 limit and it says, you have been "pre-selected"  Does this mean it is already approved?  I just need to request it?

Frequent Contributor
Posts: 368
Registered: ‎09-14-2009

Re: What does "pre-selected" mean?

If you read the fine print it may come with an AF so are you sure you want it? I wouldn't recommend it unless you are desperate for tradelines.

EQ Starting Score: 579 | TU Starting Score: 568
EQ Current Score: 650 | TU Current Score: 653
EQ Goal Score: 1000 | TU Goal Score: 1000

Valued Member
Posts: 32
Registered: ‎08-13-2007

Re: What does "pre-selected" mean?

     It means the same thing as saying "pre-approved", which in turn, means absolutely nothing. The term "pre" means "before". The word "selected" surprisingly, actually means "selected". Therefore, if you're "pre-selected", it means PRECISELY... "not yet selected". You have existed in that state of being since the moment you were born. It's a marketing phrase which I consider deceptive- it implies- "OOO! OOO! We are ready and just ITCHING to approve you and send you a card!"

     Maybe true, but most likely... NOT.

     Cynicism is ugly and painful, but so very often it's less ugly and painful than life.


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