Reply
Frequent Contributor
Posts: 296
Registered: ‎08-28-2012
0

Why did I get a pre-approval in the mail for a card I already have?

[ Edited ]

Discover sent me a pre-approval offer for the Discover More, despite the fact that I already have the card. :/

AMEX BCE, Discover IT, Citi Forward, BoA Travel Rewards
FICO: TU 795 Last App: November 2012
Established Contributor
Posts: 985
Registered: ‎09-10-2012
0

Re: Why did I get a pro-approval in the mail for a card I already have?

I got one too....shortly after I opened my Discover More card.....I think it just crossed in the mail somehow
TU Fico 714 | Sesame 742 | Credit Karma 762 | Wal-Mart FICO 734 | EX FICO 695 (1/28/13) | EQ 740 (3-21-13)

Amex Blue Sky 7.2k | Amex BCE 13.1k | Citi Diamond Preferred 10.2k | CSP 5k | Bofa Cash 9k | Boa Travel 10k | Discover More 3k | Chase SW 5k | Wal-Mart 3.3k | Amazon 5k | Old Navy Visa 5k | Shell 1200 | BP 400 | VS 1500 | Sam's Discover 8.5k | FNBO Amex 16k | Chase Freedom 1.3k | Home Depot 5k | Brylane Homes 1600 | BML 2820

App free since 12/11/13*
Valued Contributor
Posts: 2,505
Registered: ‎11-11-2010
0

Re: Why did I get a pre-approval in the mail for a card I already have?


sakhalin070 wrote:

Discover sent me a pre-approval offer for the Discover More, despite the fact that I already have the card. :/


That is because these pre-approval, pre-selected, or whatever you want to call it carries no meaning. The way they work is that say BofA ask TU to produce a list of people that meets a generic condition (say never BK in the last 5 years). TU in return produce the list and BofA mails the offer to every person on the list. No actual credit check is done.

 

In My Wallet:
Citi Forward (12/2010) | Citi Dividend (05/2011) | Chase Freedom (11/2011) | GECRB/PayPal (05/2012)
Discover it (07/2012) | AMEX BCP (09/2012) | TD/Target REDCard (10/2012) | Chase Ink Classic (11/2012)
BofA BBR (04/2013) | FNBO/Overstock.com (02/2014) | Barclaycard Arrival (04/2014) | FIA/Fidelity AMEX (04/2014)
Regular Contributor
Posts: 220
Registered: ‎08-10-2012
0

Re: Why did I get a pre-approval in the mail for a card I already have?

I have gotten 5 "Hurry, you are Pre-approved through December 2012" in the last 2 weeks and received my Discover More card before Thanskgiving. Guess it takes them time to update their system

Citi Thank You Premier Visa Signature-$9K, Citi Thank You Preferred Vis Signature-$8.3K, Citi AA Signature- 8.5K, Citi Simplicity 9.2K, Citi Diamond-6.1K, Lowes-$10K, Chase Sapphire Preferred- $ 5K, AMEX BCE $14.5K, AMEX Starwood Preferred $15K, ,AMEX Everyday-$5K, Fidelity Amex-$10K, US Bank 123 rewards Kroger-$17K, Penfed Platinum Rewards Visa Signature-$30K, Amex Delta-$10K, Barclay Arrival Plus- $10K, Penfed Travel Rewards Amex-$10K, Bank of America Cash Rewards- $14K
Established Contributor
Posts: 985
Registered: ‎09-10-2012
0

Re: Why did I get a pre-approval in the mail for a card I already have?


trumpet-205 wrote:

sakhalin070 wrote:

Discover sent me a pre-approval offer for the Discover More, despite the fact that I already have the card. :/


That is because these pre-approval, pre-selected, or whatever you want to call it carries no meaning. The way they work is that say BofA ask TU to produce a list of people that meets a generic condition (say never BK in the last 5 years). TU in return produce the list and BofA mails the offer to every person on the list. No actual credit check is done.

 


Are you sure about that? I got a preapproval from American Express yesterday and I saw on my credit where they soft pulled me. I am fairly new to this so I am not sure how it all works. I got a preapproval from fingerhut and capital one and they are both showing as sp's. Citi sent me a preapproval but they have never checked my credit outside of the gas card I have from them. So can some preapprovals mean more than others?

TU Fico 714 | Sesame 742 | Credit Karma 762 | Wal-Mart FICO 734 | EX FICO 695 (1/28/13) | EQ 740 (3-21-13)

Amex Blue Sky 7.2k | Amex BCE 13.1k | Citi Diamond Preferred 10.2k | CSP 5k | Bofa Cash 9k | Boa Travel 10k | Discover More 3k | Chase SW 5k | Wal-Mart 3.3k | Amazon 5k | Old Navy Visa 5k | Shell 1200 | BP 400 | VS 1500 | Sam's Discover 8.5k | FNBO Amex 16k | Chase Freedom 1.3k | Home Depot 5k | Brylane Homes 1600 | BML 2820

App free since 12/11/13*
Frequent Contributor
Posts: 397
Registered: ‎09-08-2010
0

Re: Why did I get a pre-approval in the mail for a card I already have?

I got my Discover in October... I got the alert about it posting on my reports yesterday.  I think thats probably why I was still getting the "pre approved' letters.


rudy0720 wrote:

I have gotten 5 "Hurry, you are Pre-approved through December 2012" in the last 2 weeks and received my Discover More card before Thanskgiving. Guess it takes them time to update their system


 

Back in the garden!
App free since 23Oct2012 reset to 27Aug13 and reset again 4nov13
Valued Contributor
Posts: 2,505
Registered: ‎11-11-2010
0

Re: Why did I get a pre-approval in the mail for a card I already have?


snowkitty wrote:

Are you sure about that? I got a preapproval from American Express yesterday and I saw on my credit where they soft pulled me. I am fairly new to this so I am not sure how it all works. I got a preapproval from fingerhut and capital one and they are both showing as sp's. Citi sent me a preapproval but they have never checked my credit outside of the gas card I have from them. So can some preapprovals mean more than others?


No actual credit check is done. It would have cost them too much money to conduct credit check on every candidate.

In My Wallet:
Citi Forward (12/2010) | Citi Dividend (05/2011) | Chase Freedom (11/2011) | GECRB/PayPal (05/2012)
Discover it (07/2012) | AMEX BCP (09/2012) | TD/Target REDCard (10/2012) | Chase Ink Classic (11/2012)
BofA BBR (04/2013) | FNBO/Overstock.com (02/2014) | Barclaycard Arrival (04/2014) | FIA/Fidelity AMEX (04/2014)
Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.