Denied after PreQual

[Anonymous]

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@Anonymous wrote:

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@Anonymous wrote:

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@Cred4All wrote:

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

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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.

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

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"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.

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@Anonymous wrote:

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@Anonymous wrote:

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@Cred4All wrote:

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

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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.

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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.

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@Anonymous wrote:

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@Anonymous wrote:

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@Cred4All wrote:

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@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.

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As mine stated pre-qualified, I am apparently in the category of those unlucky. I would have taken the HP.

[LandoCredrissian]

Forget the distinction between the two terms. Try recon and report the results back here, if it's a priority for you. That is if you can with the pre-qualification status.

Some of us are curious about the recon.

[JR_TX]

As far as I know, a strong and hard pre-approval for existing AX customers is when you check for pre-qual while logged in and shows you the cards you prequal for, once you click apply now, it should say, “Congrats you’re pre-approved” right after and all you fill in is your income.

[Anonymous]

That was my thought as well. Any time I have looked into the so called 'pre qualified cards' I hit the apply button and see if it states pre-approved or talks about expanding my membership.