Denied after PreQual

Anonymous · ‎08-19-2018

So I am a current AMEX customer with the Delta Gold. I was Pre-Approved today via AMEX for several cards, decided to bite the bullet today and apply for the Cash Magnet, however was declined. Guess it’s not always as good as it seems. Pretty bummed.

Jnbmom · ‎08-19-2018

Did it say you were preapproved or expand your membership?

EXP 780 EQ 791TU 795

Caught750 · ‎08-19-2018

Try recon, if it said pre approved a denial is rare

Cred4All · ‎08-20-2018

@Caught750 wrote:
Try recon, if it said pre approved a denial is rare

My thoughts as well. Did it specifically say "YourNameHere, You are Pre-Approved"? If that was the case, I'd deem that worthy of a recon.

Anonymous · ‎08-20-2018

Concur, recon. Nothing is ever guaranteed 100.0% when applying for credit, but if you got a pre-approval message directly addressed to you with a single-figure APR, you're highly likely to be approved unless something has changed significantly for the worse on your credit report since the SP that triggered the offer.

Anonymous · ‎08-20-2018

I know this is off topic a bit, but I am seeing a couple cards as "pre-qualified" on Amex site. Is it true that you can submit apps for 2-3 different cards with 1 HP? If so, do I just go apply for the couple in a short amount of time, to ensure its the same pull? Or was I misinformed? If this is not the place, lmk and I will gladly move this..

Anonymous · ‎08-21-2018

It said preapproved.

Anonymous · ‎08-21-2018

The exact literature says, Good News, you are successfully Pre-Qualified for the following card offers and lists the Cash Magnet

@Anonymous wrote:
It said preapproved.

Anonymous · ‎08-21-2018

@Cred4All wrote:
@Caught750 wrote:
Try recon, if it said pre approved a denial is rare
My thoughts as well. Did it specifically say "YourNameHere, You are Pre-Approved"? If that was the case, I'd deem that worthy of a recon.

The exact literature says, Good News, you are successfully Pre-Qualified for the following card offers and lists the Cash Magnet

Anonymous · ‎08-21-2018

@Anonymous wrote:
@Cred4All wrote:
@Caught750 wrote:
Try recon, if it said pre approved a denial is rare
My thoughts as well. Did it specifically say "YourNameHere, You are Pre-Approved"? If that was the case, I'd deem that worthy of a recon.
The exact literature says, Good News, you are successfully Pre-Qualified for the following card offers and lists the Cash Magnet

"Pre-qualified" and "pre-approved" are subtly but distinctly different things. "Pre-qualified" simply means you've passed the initial screening and are likely to be granted a card upon application, providing that the HP results are to the issuer's satisfaction. "Pre-approved" offers, which usually come with a single-figure APR quote, mean that you're almost certain to be approved providing nothing has significantly changed on your credit report to the negative by the time you submit your application.