topic Re: Pre-approvals in Credit Card Applications

Pre-approvals

ClnRcd — Wed, 08 Feb 2023 16:44:33 GMT

My 341 meeting was today, discharge is expected to be some time in April.

So far I'm only showing preapprovals for:

CreditKarma:

Mission Lane secured Visa

Capital One Platinum secured

Capital One Quicksilver secured Cash rewards

Opensky Secured Credit Visa

First Progress Platinum Prestige mastercard

MyExperian App:

Credit One Bank Wander Card

Credit One Bank American Express Card (AF $39)

Revvi Visa Unsecured Credit Card

Credit One Bank American Express Card (AF $95)

Is there any other preapproval sites I can look into once I'm discharged? OR any advise as to other more beneficial cards I can try for?

Pros and cons?

Re: Pre-approvals

OmarGB9 — Wed, 08 Feb 2023 16:57:18 GMT

None of those you just listed are true pre approvals. They're all just marketing because both Experian and Credit Karma get a kickback for referring you to those cards. So ignore all of those.

That said, you do likely qualify for Credit One, Open Sky, First Progress. Capital One can be hit or miss. Did you burn them? If so you may need to hold off a bit with them.

Also, use lender's own preapproval portals for prequals, though the only real reliable ones are FNBO, Chase, and Capital One. Citi and BoA for example aren't real preapproval portals. They're more like suggestions. Anyway I'd check for preapprovals from Capital One. They're several steps above all of those other predatory subprime lenders you listed. If nothing comes back, I'd start with secured cards that at least graduate like US Bank secured, TD Bank secured, Discover secured if they'll approve (check their prequal first), or if all else fails, then Open Sky which you also listed (but which does NOT graduate).

Re: Pre-approvals

ClnRcd — Wed, 08 Feb 2023 17:03:49 GMT

Capital one was burned howver the account that was burned had a 0 balance. I had paid it off once it reached collections. The other capital one card had an available balance of $750 that was never utilized due to the other account being negative, both accounts were restricted.

Re: Pre-approvals

OmarGB9 — Wed, 08 Feb 2023 17:06:26 GMT

@ClnRcd wrote:
Capital one was burned howver the account that was burned had a 0 balance. I had paid it off once it reached collections. The other capital one card had an available balance of $750 that was never utilized due to the other account being negative, both accounts were restricted.

Try running their pre-qualification and see if anything comes up.

Re: Pre-approvals

Drifter73 — Wed, 08 Feb 2023 17:38:32 GMT

Here's a comprehensive list of sp prequalifying cards: https://ficoforums.myfico.com/t5/General-Credit-Topics/Soft-Pull-Pre-Qualify-Links-Part-2-Updated-2-10-2022/td-p/6435323

Good luck

Re: Pre-approvals

keekers — Thu, 09 Feb 2023 02:07:37 GMT

I'd stay away from Credit One at all costs.

Re: Pre-approvals

SouthJamaica — Thu, 09 Feb 2023 13:20:51 GMT

@ClnRcd wrote:
Capital one was burned howver the account that was burned had a 0 balance. I had paid it off once it reached collections. The other capital one card had an available balance of $750 that was never utilized due to the other account being negative, both accounts were restricted.

If there was no balance, then they were not burned.

Re: Pre-approvals

ClnRcd — Wed, 15 Feb 2023 19:39:08 GMT

I'm sorry I'm just a bit confused.

@SouthJamaica wrote:
@ClnRcd wrote:
Capital one was burned howver the account that was burned had a 0 balance. I had paid it off once it reached collections. The other capital one card had an available balance of $750 that was never utilized due to the other account being negative, both accounts were restricted.

If there was no balance, then they were not burned.

If my Experian and my credit report states the zero balance account was included in my bankruptcy, wouldn't that confirm that they were burned?

Re: Pre-approvals

OmarGB9 — Thu, 16 Feb 2023 05:52:45 GMT

@ClnRcd wrote:
I'm sorry I'm just a bit confused.
@SouthJamaica wrote:
@ClnRcd wrote:
Capital one was burned howver the account that was burned had a 0 balance. I had paid it off once it reached collections. The other capital one card had an available balance of $750 that was never utilized due to the other account being negative, both accounts were restricted.

If there was no balance, then they were not burned.

If my Experian and my credit report states the zero balance account was included in my bankruptcy, wouldn't that confirm that they were burned?

Yes it might still show as included in BK (which it probably was), but Capital One didn't actually take a loss on it.

Re: Pre-approvals

OmarGB9 — Thu, 16 Feb 2023 05:52:55 GMT

@ClnRcd wrote:
I'm sorry I'm just a bit confused.
@SouthJamaica wrote:
@ClnRcd wrote:
Capital one was burned howver the account that was burned had a 0 balance. I had paid it off once it reached collections. The other capital one card had an available balance of $750 that was never utilized due to the other account being negative, both accounts were restricted.

If there was no balance, then they were not burned.

If my Experian and my credit report states the zero balance account was included in my bankruptcy, wouldn't that confirm that they were burned?

Yes it might still show as included in BK (which it probably was), but Capital One didn't actually take a loss on it.

Re: Pre-approvals

ClnRcd — Fri, 17 Feb 2023 16:23:48 GMT

Thank you, so far I'm not pulling a thing. Not even for secured cards. I'm aware everyone's financial situation is different however is there light at the end of the tunnel? DC should be approximately mid April.