BOFA Preapproval / We Have a Recommendation Question

[Anonymous]

I did the pre approval on the site and it says

Dear "Water88" we recommend The BofA Visa.

Is that their version of pre approved?

 never had BofA or tried

[bigblue7722]

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@Anonymous wrote:

I did the pre approval on the site and it says

Dear "Water88" we recommend The BofA Visa.

Is that their version of pre approved?

 never had BofA or tried

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nope we reccomend means nothing. It is just BOA trying to trick people into applying. 

[Anonymous]

I fell for it. This is bogus. A few weeks ago it never "recommended" anything and now it does... These guys are filthy. lol

[Anonymous]

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@Anonymous wrote:

I did the pre approval on the site and it says

Dear "Water88" we recommend The BofA Visa.

Is that their version of pre approved?

 never had BofA or tried

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A pre-approval from any company is often a marketing plan to get you to apply.  You can still apply and get denied.

[Anonymous]

Never a guarantee.

[Anonymous]

If you are offered a SPECIFIC interest rate "Congratulations! We recommend the Platinum Plus Visa card with a 0% APR for 15 billing cycles and 15.99% APR afterwards" then it's reasonable to expect an approval. If you are given vague language and a range of APRs then it's not very likely. 

[Anonymous]

I just applied and got a $5K limit on BOA Cash Rewards.  I had a mailer with a firm APR (14.99%) and a "pre-selected offer minimum terms" box.  It had a special invitation code and an expiration date of March 1.  I only got "recommendations" with APR ranges when I checked their on-line for pre-qualifying site.