topic Re: FNBO Pre-Qualification in Credit Card Applications

FNBO Pre-Qualification

raisemysc0re — Tue, 10 Jan 2023 01:00:31 GMT

My wife Prequalified about a week and a half ago for thier lowest rate and max SL of 15K.

She opened a Chase Amazon and Citi CC cards and then rechecked the prequal site 2 days later and was still prequalified for the same amount and APR.

Application went to review and then a few days later she was denied.

Fico8 scores right around 800 and she only opened those 2 cards in the past 12 months.

Still think it was due to the 2 VERY recent new cards.

Now the prequalify site only shows her the Secured Card.

I still show 17.99% at 15K for the Evergreen and 18.99% at 15K for the Getaway but I already have a couple of 2% cards and I don't trust them after my DW denial.

Re: FNBO Pre-Qualification

mrcrisp023 — Tue, 10 Jan 2023 01:01:34 GMT

Same exact thing happened to me. Was prequalified for their evergreen. I checked several times while preparing for a mini app spree. All within about 30 minutes, I got a few cards, then went to their prequal site and it only showed me the secured card. I've been checking like once a week since then just to see if anything's changed (I don't want it anymore) but it's still only showing secured.

Re: FNBO Pre-Qualification

raisemysc0re — Tue, 10 Jan 2023 01:02:06 GMT

It makes sense that they be prudent with very recent Inquiries. For my DW I will just have her wait about 3 months before trying again.

Re: FNBO Pre-Qualification

raisemysc0re — Tue, 10 Jan 2023 01:02:45 GMT

Well it's been 2 months since the denial and the prequal is now showing preapproval of 15K @ 17.84%.

Does she dare risk it?

Re: FNBO Pre-Qualification

FinStar — Tue, 10 Jan 2023 01:03:11 GMT

@raisemysc0re wrote:
Well it's been 2 months since the denial and the prequal is now showing preapproval of 15K @ 17.84%.
Does she dare risk it?

That decision rests entirely up you and/or DW. If her profile doesn't show any inherent signs that could place her on the AA radar (profile-specific of course) and if you both find decent value with this particular card, then you can use the YOLO approach. It all boils down to risk tolerance.

Re: FNBO Pre-Qualification

raisemysc0re — Tue, 10 Jan 2023 01:03:45 GMT

Applied and got the 2-4 week notice...

Re: FNBO Pre-Qualification

FinStar — Tue, 10 Jan 2023 01:04:37 GMT

@raisemysc0re wrote:
Applied and got the 2-4 week notice...

Hopefully, the outcome is positive this time, but definitely keep us posted.