Credit Card Center Advertiser Disclosure†
04-19-2007 08:18 AM
04-19-2007 08:31 AM - edited 04-19-2007 08:55 AM
KDM wrote:I was on the BofA website yesterday, looking at their credit cards. They have an area that says "check here to see if you have any preappoved offers". I put in my info, including my ss, and it came back with three different cards I was offered, along with a credit line. I clicked on "I accept", and was asked if I wanted to do a balance transfer or have an additional card. It then thanked me for accepting the offer and said I'd be getting more information on the preapproved card offer in 10 days.My question is this; Am I already approved or is this a come on where they still have to review my information and then I may still be declined or given less of a credit line?Sounds like you got a new card to me. they ask for the SSN to do the pull if they wre unable to offer it would have come back as sorry, we have no avail offers at ths time. Happened to me on a biz card. They do a soft pull at first then give you alist of cards. I would hope that they could get that final decision in the same time ot took for that soft pull. Though it does seem that they would have given yu a 'Your card will be sent in 7-10 days'. I guess I really can't guess.
04-19-2007 09:07 AM
04-19-2007 09:13 AM
KDM wrote:Here's exactly what it said after I accepted;Thank you for accepting this offer.You will receive information regarding this preapproved card offer within 10 days.What do you think?I think its strange. You would expect an I'm sorry or a Great!!! you're approved. The more I think about it I think its a further rewview response but they could have told you that. I'm an impatient person I would call.
04-19-2007 09:16 AM
04-19-2007 10:44 AM
04-19-2007 11:57 AM
They will send you an invitation in the mail, you just agreed to receive one. That is not an actual approval for any type of card. They only asked for your SS to verify whether or not you have an account and to see if it is in good standing. As Brammy suggested call them.I'm not sure I agree with that I know that they do a credit pull because my pre app denial came with the statement 'info in your credit hist' I assume the bk. I have two accounts with them and both are in good standing. They do a credit pull so it seems that in the world of 60 sec approvals which they givem they could be a little more forthcoming
Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.† 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.
* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.
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.