@CreditCuriosity wrote:Wow surprised the pre-qual worked for me just tried.. Outside their GEO area was pre-qualified, but didnt byte offered a low $7500.. Seems conservative for BBVA so won't be taking that offer. Whether or not I would be approved also is another story around a 800ish FICO 09 score and if they use vantage 3. around 820ish.. Regardless I need another lowish CL cc like i need a hole in my head. Fun to be pre-qualified regardless. Have 11 inquiries on Experian most from this year on pre-qual
I gave it a try, didn't prequalify. My utilization is really high at the moment, which is the reason they cited. They pulled EX Fico9 & Vantage3. I'll try again in a couple weeks when my balances report much lower utilization... I don't even want the card, I just like it when I'm prequalified for stuff 
Total Loan Balance: $43k / $65k
Total SL: $78k
@randomguy1 wrote:
@CreditCuriosity wrote:
@cashorcharge wrote:This may seem obvious to some but I was curious....if you go through the preapproval process with a bank like BBVA (and you don't have a relationship with them) and authorize them for a SP Prequal and they don't approve you or you decline the offer as @CreditCuriosity did....does that authorize them to continue doing SP's in the future for marketing purposes...and then to @Aim_High's feedback....not being approved now because of recently new accounts....may trigger a preapproval via mailer in the future? Guessing if you've "opt-in" than perhaps?
I'm wondering if these prequal links we check that don't warrant an approval or it does and we decline it....do they keep that data and check again then offer up the option in the future? This is likely a case by case/bank by bank policy/process that they may follow. There's likely no definitive answer but thought I'd ask.
Speaking as a programmer that has worked with Chase/Amex/WF and another small sub prime lender I would 100% believe so. You are on their radar now and data is key and they knew you were in the market and logic says customer acquisition cost are alot cheaper obtaining data from their in house system vs. using external data sources. Just seems to make common sense to me as they have your data and certainly are not discarding it. Also yes they can do a SP promotional type inquiry to see what you qualify for in the future now that they have your information, etc internally
Somewhat related and IMO very possible, I only received Optima emails from AMEX after doing prequals. This was well after many years of not hearing anything from them. My email address did not change, however my income provided & credit did. I'm thinking my prequal gave them my improved credit score, debt situation, etc (SP).
@cashorcharge, even though I'm not a programmer or in the industry, I strongly agree with @CreditCuriosity's statements. I don't remember which bank(s) but I've even been asked for email addresses before! I do believe it may put you "on their radar" which could lead to offers. Or with some, if you go back periodically and don't accept their offers, they may give you a better deal. I believe I heard of people doing that when the Apple card came out. Also, I did the prequal with AMEX many times over 12 months before applying for my GOLD card the first time. Unfortunately, they declined me due to recent new accounts. A couple of months later, I did it again and got a really sweet offer for 75K MR point SUB and the spend requirement was six months instead of three! (That was an increase from 50K MR SUB two months earlier and much higher than the more standard 35K MR offer.) 
I took the bait and was approved. So in some cases, I think walking away (MAY) make them up the ante, either with a better SUB or more attractive terms such as higher SLs. And I do think it can lead to more offers. For example, on Credit Karma and Experian, I started seeing TONS of recommendations for AMEX cards after I ran the prequals. Coincidence? I doubt it. Similar to @randomguy1's experience with AMEX, I think they are using that data. If it works to my benefit, I really don't mind.
I had been getting $10K+ on the ClearPoints and Rewards cards for many months, but mine also dropped to $7500 in June. I presumed maybe they had tightened up things because of COVID.
@CreditCuriosity wrote:Wow surprised the pre-qual worked for me just tried.. Outside their GEO area was pre-qualified, but didnt byte offered a low $7500.. Seems conservative for BBVA so won't be taking that offer. Whether or not I would be approved also is another story around a 800ish FICO 09 score and if they use vantage 3. around 820ish.. Regardless I need another lowish CL cc like i need a hole in my head. Fun to be pre-qualified regardless. Have 11 inquiries on Experian most from this year on pre-qual
@JNA1 wrote:I had been getting $10K+ on the ClearPoints and Rewards cards for many months, but mine also dropped to $7500 in June. I presumed maybe they had tightened up things because of COVID.
@CreditCuriosity wrote:Wow surprised the pre-qual worked for me just tried.. Outside their GEO area was pre-qualified, but didnt byte offered a low $7500.. Seems conservative for BBVA so won't be taking that offer. Whether or not I would be approved also is another story around a 800ish FICO 09 score and if they use vantage 3. around 820ish.. Regardless I need another lowish CL cc like i need a hole in my head. Fun to be pre-qualified regardless. Have 11 inquiries on Experian most from this year on pre-qual
Would be my guess as my income is certainly six figures so felt it was pretty low where-as highest card is 60k+ and normal cards are in the 20k-30k range. I dont need a 20k clearpoints, but expected between 10k-15k range. I will hold off till better offers come as no rush to get the card other than possibly sub as have a 3% everday card and well tons of other cards as well 