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Regular Contributor
beautybrainsbooty
Posts: 206
Registered: ‎08-02-2012

preselected versus preapproved?

what's the diff? I keep getting an email from AMEX saying im preselected and to 'apply now'.  But I know that can't be the case since my EX is frozen and that's who they pull. I wanted a definitive answer on what preselected versus preapproved actually means, please! Thanks a bunch!! :smileywink:

started mid 500's. Disputed incorrect items and within a month or two my scores have skyrocketed and continue to do so
EQ: 674 > 689 >695 with my new TLs reporting :smileywink:
TU: 661>780
Experian(or as I call them, the devil) I have no clue, they haven't released my report
Goal=720 across the board--currently searching for the perfect *third* card to maximize my profile and score :smileywink:
Frequent Contributor
wreith
Posts: 325
Registered: ‎06-13-2012

Re: preselected versus preapproved?

I found this thread it might be the answer you seek.  http://ficoforums.myfico.com/t5/Credit-Cards/Pre-selected-vs-Pre-approved/td-p/1005962

03/07/2013 Walmart TU 702
03/07/2013 MyFico EQ 694
01/28/2013 USAA FAKO EX 728, EQ 715, TU 703
In my wallet Discover It $1200, USAA Cash Rewards AMEX $7K, USAA Rewards Platinum MC $7K, CareCredit $3K, Chase Freedom $1400, Walmart $2300, Lowes $800, HSN $1450, Macys Red Star Store $1800, Paypal smart connect $600, VS Angelcard $500, Amazon Store $1200, AMEX Green NPSL, BCE $1K.
Established Contributor
Cdnewmanpac
Posts: 686
Registered: ‎01-16-2012

Re: preselected versus preapproved?

While Amex pulls experian for hard pulls, that isn't true for soft pulls. They soft my TU monthly and have never softed my EX. So if EX is the only one you froze, they may be softing one of your other CRAs and that may be the basis for preapproval. As for the specific email you got, it is hard to tell. If you go to their web site and go to "view my offers", do you see anything? Anything on that page is pretty solid for approval.

NewCardssmall
9500 5000 13000 3000 3000 5000
Valued Contributor
jsucool76
Posts: 2,658
Registered: ‎12-11-2011

Re: preselected versus preapproved?

Be careful with amex emails. I get an email from them at least once a week which is just advertising because I signed up for their offers. A lot of people come on here asking if those are "Special Offers" for them, but almost everyone gets the same exact email. I know they're not special offers for me because I definitely don't qualify :smileytongue: 

 

Like the previous poster said, check their "View My Special Offers" thing. That will either (AFAIK) soft you, or check your most recent soft from them (if they've softed you before), and it will give you a better answer. 

Wallet: Capital One Cash Rewards 3500CL, Wells Fargo Cash Back College Visa: 900CL, Paypal Smart Connect: 1286CL, Walmart: 1300CL, UPromise Mastercard: 1000CL, Chase Slate: 500CL, Discover IT: 1000CL, Citi Forward: 1500CL, Bank Of America Student Travel Rewards: 700CL

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