Credit Card Center Advertiser Disclosure

Posts: 8
Registered: ‎11-22-2016
0 Kudos

bank of america secured DENIED AFTER PRE APPROVAL !!!

[ Edited ]

BANK OF AMERICA your history starts to being of immigrants bank those any bank not mortgage them but for now you are rudest bank in this country 
i dont know why i tried to apply to secured (secured your credit card money is deposited lol) 
in short  credit building now and just now saw an pop up add bank of america prequalify just said hiimm lets try hit it and it is came back with secured offer tried for 1k transfer from checking bump DENIED 
i cant understand why first say prequalify than denial and cost a hardd inqury 
thats really weird 
this is must be illegal really 

TransUnion 672
EQ 618
EX Unkown
opensky 3k limit
BK7 Aug 2016
capitalone 3k
Community Leader
Valued Contributor
Posts: 2,425
Registered: ‎08-25-2016
0 Kudos

Re: bank of america secured DENIED AFTER PRE APPROVAL !!!

A prequalification isn't a guarantee of approval. At first glance (prequal) your reports may look good but when looked at deeper the second time when you apply there may be something there that the bank doesn't like. It is legal.
Established Member
Posts: 12
Registered: ‎03-23-2016
0 Kudos

Re: bank of america secured DENIED AFTER PRE APPROVAL !!!

Happens more often than you think. Hopefully you can find out why you were denied and go from there.

Community Leader
Epic Contributor
Posts: 29,593
Registered: ‎03-19-2007
0 Kudos

Re: bank of america secured DENIED AFTER PRE APPROVAL !!!

The only type of "preapproval" that carries any form of guarantee is if the offer for credit was extended to a consumer based on a listing of consumers obtained from a CRA under the promotional inquiry provision of FCRA 604(c).


Unsolicited offers for credit based on a listing of consumers who have been found to meet the criteria specified by the creditor in their request for the list are required under the FCRA to be a "firm offer for credit," which is defined as an offer that must be met if the consumer then applies and is found to continue to meet the criteria specified in obtaining the listing.


If their offer included the statement that it is based on a listing of consumers obtained from a CRA, it is considered as a "firm offer for credit."

If not, it carries no requried approval offer.

Established Contributor
Posts: 1,732
Registered: ‎03-28-2017
0 Kudos

Re: bank of america secured DENIED AFTER PRE APPROVAL !!!

Call and ask why, maybe it was just an identity verification issue.

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.
‡ Credit cards for FICO Score ranges: The score ranges are guidelines based on internal myFICO analysis of actual applicant approvals, and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range. These ranges were not provided by any card issuer.

* 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.

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

IMPORTANT INFORMATION: All FICO® Score products made available on 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.