topic Re: Preapproval question in Credit Card Applications

Preapproval question

smoop88 — Wed, 09 Dec 2015 08:22:10 GMT

Are there cc companies like chase and cap 1 specifically that dont give you preapprovals but you still get approved? Has this ever happened to anyone with the freedom or co quicksilver visa?

Re: Preapproval question

Anonymous — Wed, 09 Dec 2015 08:46:31 GMT

Yes! Good question. I checked back in may and did not have any preapproval. I made the decision to cold app for the Capital One Venture. I was instantly approved for $15k. Now, this does depend on your credit and your own confidence before you do anything thing like that. If you don't have confidence in it or know that you won't qualify for it, save it for another time when it feels right.

That said, from looking at your scores, you might get a QS1. You might also see if you can get a Barclay's Rewards MC. They tend to like folk who are trying to build credit, but don't have the highest scores. Whilst your scores aren't the worst, they are still low a piece, I recon.

Re: Preapproval question

smoop88 — Wed, 09 Dec 2015 08:57:48 GMT

Thanks but i know better arclay shut me down on recon last week im just wondering for future purposes and i already have a qs1 mc if thats what you mean

Re: Preapproval question

Anonymous — Wed, 09 Dec 2015 09:19:57 GMT

I think a slow steady hand is all that's required here. Pay your bills on time, keep your utilization down and be patient for the next 6 months. Doors will open. Credit is not a "now" kind of thing....takes cultivation. Best of luck to you!

Re: Preapproval question

Anonymous — Wed, 09 Dec 2015 09:28:00 GMT

I cold app'd for the quicksilver visa in June and was approved for a VS @5k, my fico 8's were 660ish. My DW cold app'd for the Venture in September and was instantly approved for 5k her scores were similar to yours,. Both were without prequals but, we did receive high APRs, so YMMV.

Re: Preapproval question

Anonymous — Wed, 09 Dec 2015 09:43:45 GMT

@Anonymous wrote:
@I cold app'd for the quicksilver visa in June and was approved for a VS @5k, my fico 8's were 660ish. My DW cold app'd for the Venture in September and was instantly approved for 5k her scores were similar to yours,. Both were without prequals but, we did receive high APRs, so YMMV.

OP doesn't have the scores for that kind of credit. Hate to be blunt like that. Reality is, save this person the further disappointment. No further apps for 6 months. Any further apps before then will do more harm than good.

Re: Preapproval question

smoop88 — Wed, 09 Dec 2015 09:45:52 GMT

Im sorry I failed to mention im not applying I was just wondering jave always wondered about this as I understand that will not work out for me

Re: Preapproval question

Anonymous — Wed, 09 Dec 2015 11:51:59 GMT

I got Chase Freedom from appying COLD. I had NO pre approved offer from them...My DW had no pre quals on CAP1 and applied for Venture COLD and was approved for 5k. So yes it is always possible.

Re: Preapproval question

Anonymous — Wed, 09 Dec 2015 12:14:07 GMT

Come garden with us and use your credit wisely. Focus on utilization and after six months you should be pleased with your results. Good luck.

Re: Preapproval question

Loquat — Wed, 09 Dec 2015 12:36:28 GMT

Same here...I never got a PreQual on my VentureOne cards...just decided to take a chance. App'd back to back and received an approval on both VentureOne cards...