topic Re: Pre-qualifying offers in Credit Cards

Pre-qualifying offers

Anonymous — Sun, 16 Nov 2014 07:06:16 GMT

I am starting to get credit card offers in the mail. If I accept it, does it count as a hard inquiry?

Re: Pre-qualifying offers

Anonymous — Sun, 16 Nov 2014 07:07:13 GMT

@Anonymous wrote:
I am starting to get credit card offers in the mail. If I accept it, does it count as a hard inquiry?

Yes it does.

Re: Pre-qualifying offers

Anonymous — Mon, 19 Jan 2015 05:32:16 GMT

Re: Pre-qualifying offers

newhis — Sun, 16 Nov 2014 14:57:14 GMT

Yep, even if you get denied.

Re: Pre-qualifying offers

Anonymous — Sun, 16 Nov 2014 15:22:14 GMT

Also there are lots of different type of mailers. Some can be general marketing offers for a card like I get from United weekly for their Mileage Plus card. Others can be genuine pre approvals but you still have to apply and you can be denied

Re: Pre-qualifying offers

joedtx — Sun, 16 Nov 2014 17:57:17 GMT

@Laddi wrote:
@Anonymous wrote:
@Anonymous wrote:
I am starting to get credit card offers in the mail. If I accept it, does it count as a hard inquiry?
Yes it does.
+1

Re: Pre-qualifying offers

Anonymous — Sun, 16 Nov 2014 21:37:27 GMT

@Anonymous wrote:
I am starting to get credit card offers in the mail. If I accept it, does it count as a hard inquiry?

On a general level, with your scores, pre approvals should be taken with a grain of salt. I dont know your specific situation but if you have a 600 score and 12k income and get a pre approval for a CSP, it will likely get denied. So beware of marketing unless you know you could qualify without a pre approval. The other commenters are correct, though, that a pre approval in itself is not a hard pull, but when you actuall APPLY, it will be a HP no matter what the outcome. Good luck!

Re: Pre-qualifying offers

elim — Sun, 16 Nov 2014 22:13:10 GMT

@joedtx wrote:
@Laddi wrote:
@Anonymous wrote:
@Anonymous wrote:
I am starting to get credit card offers in the mail. If I accept it, does it count as a hard inquiry?
Yes it does.
+1
+2

Re: Pre-qualifying offers

Anonymous — Mon, 17 Nov 2014 08:02:11 GMT

@Anonymous wrote:
@Anonymous wrote:
I am starting to get credit card offers in the mail. If I accept it, does it count as a hard inquiry?
On a general level, with your scores, pre approvals should be taken with a grain of salt. I dont know your specific situation but if you have a 600 score and 12k income and get a pre approval for a CSP, it will likely get denied. So beware of marketing unless you know you could qualify without a pre approval. The other commenters are correct, though, that a pre approval in itself is not a hard pull, but when you actuall APPLY, it will be a HP no matter what the outcome. Good luck!

I would be shocked to see THAT approval.

My mother apped for the CSP today with EX FICO of 803 and got 7-10 day message. Meanwhile the wife and I were instapproved with 711, and 680 EX FICO's respectively.

Edit: Not respectively. ~680 EX FICO at approval: Me -- single pull/EX

~711 EX FICO at approval: Wife -- she was double pulled. EX at 711, TU at 708 (Recent Barclay's app INQ)

Re: Pre-qualifying offers

joedtx — Mon, 17 Nov 2014 07:58:40 GMT

@Anonymous wrote:
@Anonymous wrote:
@Anonymous wrote:
I am starting to get credit card offers in the mail. If I accept it, does it count as a hard inquiry?
On a general level, with your scores, pre approvals should be taken with a grain of salt. I dont know your specific situation but if you have a 600 score and 12k income and get a pre approval for a CSP, it will likely get denied. So beware of marketing unless you know you could qualify without a pre approval. The other commenters are correct, though, that a pre approval in itself is not a hard pull, but when you actuall APPLY, it will be a HP no matter what the outcome. Good luck!
I would be shocked to see THAT approval.

My mother apped for the CSP today with EX FICO of 803 and got 7-10 day message. Meanwhile the wife and I were instapproved with ~680, and 711 FICO's respectively.

Hey Nixon Congrats to you and Mrs on your approvals..... all the best

Re: Pre-qualifying offers

takeshi74 — Mon, 17 Nov 2014 14:40:36 GMT

@Anonymous wrote:
On a general level, with your scores, pre approvals should be taken with a grain of salt.

They should be regardless of scores.

Re: Pre-qualifying offers

Anonymous — Mon, 17 Nov 2014 17:50:48 GMT

@joedtx wrote:
@Anonymous wrote:
@Anonymous wrote:
@Anonymous wrote:
I am starting to get credit card offers in the mail. If I accept it, does it count as a hard inquiry?
On a general level, with your scores, pre approvals should be taken with a grain of salt. I dont know your specific situation but if you have a 600 score and 12k income and get a pre approval for a CSP, it will likely get denied. So beware of marketing unless you know you could qualify without a pre approval. The other commenters are correct, though, that a pre approval in itself is not a hard pull, but when you actuall APPLY, it will be a HP no matter what the outcome. Good luck!
I would be shocked to see THAT approval.

My mother apped for the CSP today with EX FICO of 803 and got 7-10 day message. Meanwhile the wife and I were instapproved with ~680, and 711 FICO's respectively.
Hey Nixon Congrats to you and Mrs on your approvals..... all the best

Thanks. It turns out it was just a fraud alert. There was NO way they're going to deny her app when she's getting CSP mailers weekly, is prequalified on the site AND to boot has those scores.