topic Re: How Do You Receive Pre Approved Offers in Credit Cards

How Do You Receive Pre Approved Offers

Anonymous — Tue, 15 Jul 2008 22:55:37 GMT

Is there anyway you can put your name on a list or is this something CC companies just randomly do.

Re: How Do You Receive Pre Approved Offers

marty56 — Tue, 15 Jul 2008 23:00:02 GMT

I think Capitol 1 and BofA has a web site to see if you have any pre-approval offers.

CCCs ask the CRA's for a list of poeple that meet a certian score/profile category.

In my case, I get offers from WaMu and AE since I had products of theirs in DMP and they want one last shot at me by putting a hard INQ on and denying me.

Re: How Do You Receive Pre Approved Offers

Anonymous — Wed, 16 Jul 2008 01:33:43 GMT

Opt-in, just to be sure. If you do a search for that on here or on google you'll find the link.

Re: How Do You Receive Pre Approved Offers

Anonymous — Wed, 16 Jul 2008 01:43:18 GMT

@marty56 wrote:
I think Capitol 1 and BofA has a web site to see if you have any pre-approval offers.
CCCs ask the CRA's for a list of poeple that meet a certian score/profile category.
In my case, I get offers from WaMu and AE since I had products of theirs in DMP and they want one last shot at me by putting a hard INQ on and denying me.

After reading your post, I checked on Capital One. I did this because I've been stuck with a $500 CL for 9 years on my Cap One card and I wanted to see if were pre-approved for a card with a higher limit.

BoA is a pre-approval, but Cap1 is pre-qualified. They just take the info you give them and say "you might qualify for this card" It looks like BoA actually looks at your credit reports to give you a pre-approval.

Re: How Do You Receive Pre Approved Offers

Erica1 — Wed, 16 Jul 2008 01:57:47 GMT

Does the BoA pre-approval do a hard pull on your reports?

Re: How Do You Receive Pre Approved Offers

Anonymous — Wed, 16 Jul 2008 01:58:17 GMT

Erica1 wrote:

Does the BoA pre-approval do a hard pull on your reports?

No. But as soon as you accept an offer, yes.

Re: How Do You Receive Pre Approved Offers

Anonymous — Wed, 16 Jul 2008 02:02:26 GMT

i was told by one of my cu's that account activity would help generate pre-approvals. so i have set my direct deposit to dump a very modest deposit into 5 or 6 of my cu share accounts. we'll see if it works.

Re: How Do You Receive Pre Approved Offers

Erica1 — Wed, 16 Jul 2008 02:03:15 GMT

Are they actually a pre-approval or just a screening? I know this was touched on earlier in this thread but I just want to make sure so that if I do accept one, it doesn't end up being a useless app that I get turned down for (possibly). Thanks.

Re: How Do You Receive Pre Approved Offers

Anonymous — Wed, 16 Jul 2008 02:05:59 GMT

Erica1 wrote:

Are they actually a pre-approval or just a screening? I know this was touched on earlier in this thread but I just want to make sure so that if I do accept one, it doesn't end up being a useless app that I get turned down for (possibly). Thanks.

There are no true preapprovals, in the sense that if you apply it will be a guaranteed approval. It's always possible that you will be TD even if you have a preapproval based on a soft pull.

Re: How Do You Receive Pre Approved Offers

Anonymous — Wed, 16 Jul 2008 02:27:20 GMT

BoA tends to go out of their way to honor their "preapprovals," though it might not be the limit they "preapproved" you for, lol.

Re: How Do You Receive Pre Approved Offers

Anonymous — Wed, 16 Jul 2008 02:36:50 GMT

thrasher865 wrote:

BoA tends to go out of their way to honor their "preapprovals," though it might not be the limit they "preapproved" you for, lol.

Agree 100%.

In my case, my preapproval was for $1.5K. Actual approval was $2.5K. Two weeks later CLI to $7.5K.

Re: How Do You Receive Pre Approved Offers

Anonymous — Wed, 16 Jul 2008 02:43:48 GMT

cheddar wrote:

thrasher865 wrote:
BoA tends to go out of their way to honor their "preapprovals," though it might not be the limit they "preapproved" you for, lol.

Agree 100%.

In my case, my preapproval was for $1.5K. Actual approval was $2.5K. Two weeks later CLI to $7.5K.

agree x 2

i was pre-approved for 1.5k, didn't bite. offer expired. fast forward new offer 5k, took the plunge.

rcvd approval for 1k, just cause "we like to honor the pre-approvals" w/ex and tu pulls. rcvd card called number on back of card, not the sticker. cli'd at activation to 12k, third statement dropped recon cli'd to 15k.