topic Re: Pre-Qualification Interest Rate in Credit Card Applications

Pre-Qualification Interest Rate

Anonymous — Tue, 15 May 2018 21:20:13 GMT

Hey Guys,

I am sure this has been answered a million times, but I couldn't find the answer on my own. Does a prequalification online showing a specific rate indicate a higher likelihood of approval? In this case one of the Amex credit cards has a rate range (14-25%) and my rate was in the middle. Obviously, they don't see behind the curtain until the hard pull is done so I doubt it, but figured I would ask.

Thanks,

Re: Pre-Qualification Interest Rate

fltireguy — Tue, 15 May 2018 22:26:42 GMT

YES! absolutely if there is a single rate showing (I.e.17.4%), and not a range

Re: Pre-Qualification Interest Rate

Anonymous — Wed, 16 May 2018 14:13:35 GMT

Thanks so much, good to know!