topic Re: CC pre qual sites in Credit Card Applications

CC pre qual sites

Anonymous — Sun, 04 Jun 2017 19:14:41 GMT

How often does someone like Discover SP updates for offers? For example, you check your offers in March and it doesn't return any. Your scores increase substantially in a couple months, but there are still no offers. Are they potentially SP the old scores still?

Re: CC pre qual sites

MrDisco99 — Sun, 04 Jun 2017 22:36:32 GMT

Last time I looked at my Experian report, I saw SPs from Discover about once or twice a month since I closed on my house last year. And I've never had an account with them.

EDIT: Correction, I did sign up with Credit Scorecard last month, but I saw frequent SPs going back to well before that.

Re: CC pre qual sites

DaveInAZ — Sun, 04 Jun 2017 20:44:14 GMT

I think it's a SP udfate each time you check, because I filed a prescreenoptout in late April and within a week or so all of the pre-qual sites stopped working for me. Capital One pre-qual specifically says "Hi, Dave. Looks like we can’t provide you with any pre-qualified results. Any chance you’ve opted out of prescreened credit card offers?"

- I'm carrying a couple thousand in CC balances and have a paid off Prosper loan, so I was getting 2-3 mailed offers a week from just about every personal loan company. They can't see that those balances are all 0% intro or BTs and I don't want a 10-12% loan to pay 0% off early, and it was a pain to shred all those offers w/pre-approval codes. I'm very happy being opted out of pre-screen offers, I'm also not in the market for a new CC..

BTW, in my experience the Discover pre-qual site is completely unreliable.

Re: CC pre qual sites

Anonymous — Mon, 05 Jun 2017 20:19:42 GMT

BTW, in my experience the Discover pre-qual site is completely unreliable.

Yep, have to agree with PP on that one.

I would always get the generic "you might be interested in..." response on the website. Never pulled the trigger on those.

Eventually, though, I started to get the mail version, "you're pre-selected to apply" [notice that it does not say "you're pre-qualified" for the card, just selected to apply]

After a few months of those - and of seeing their SPs on my report - I applied with the code and got an It with a $6500 initial limit. I think I was at about 660ish across the board at the time. The mail versions, addressed specifically to me, always carried a very narrow range of APR and had other offers with it (the one I took was no interest for the first year, plus the usual double-cash-back in year 1).

There are anecdotal stories all over the place, too, about dogs/cats/children/comic book characters getting the same preapprovals as real people on the site.