How reliable are pre approvals?????

[Anonymous]

Capital One prequalified me for the Platinum and Quicksilver One, I got both for $1k. I was a little nervous to app but thought what the hell. Only one pull on each cra for the 2 cards as well so that was a plus. I apped for the 2nd card about 3-4 hours later. Go for it.

[TURNERHOOVER]

Discover pre-quals are no good.

[Anonymous]

The only pre approvals I trust are chase . Never trust discover pre approvals unless they come with a specific APR .

[Anonymous]

Anything with a specific APR is for sure . That's If reports are the same or better than they were on pre approval date .

[Anonymous]

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@TURNERHOOVER wrote:

Discover pre-quals are no good.

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I was pre approved for a regular IT and I was approved, so idk.

[dobirdsmommy]

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@Anonymous wrote:

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@TURNERHOOVER wrote:

Discover pre-quals are no good.

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I was pre approved for a regular IT and I was approved, so idk.

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so was my cat Bruce Wayne with my beginning few of my SSN and my DH last 4 of his SSN.

Discover recommended he get the Discover IT.

Needless to say my cat is not earning points on his 9 lives cans

[Jarnog]

From what I have read here

Chase is pretty much golden

Cap 1 is for the most part

Citi and Amex I think are more along the lines of 50/50 (maybe)

Discover and BofA are not good.

Also from what I have read, if you try them and it comes back with a specific APR instead of a range then you may be more likely to get approved.

Hope this helps

[Anonymous]

Weirdly, my pre-approvals have now vanished from Chase. For about six months to now I've been showing as pre-approved for the Freedom, CSP, and Slate (one of the reasons I pulled the trigger on the Freedom, which was approved). Now it just says "Unable to locate any offers for you at this time".

Hm.

[Anonymous]

Based on my experience last week, Chase is 100%.  I was pre-qualified for Freedom, Slate and CSP.  Applied and instant approved for Freedom and CSP.

BOA mailer with firm APR and "minimum offer terms" box - I applied with invitation code and was approved instantly on-line.   However, could not get any pre-qualified offers just going to website.  BOA's website would only give me recommentations and no customized offers.    

Looks for the firm APR -- no range.  Also, the BOA mailer had lots of language in tiny print about how the offer was void if there were any changes in my credit report from when they issued offer.  

[Anonymous]

General rule of thumb:

If it comes back with a hard APR on the offer on the pre-qualification page, there's a very good chance it will ultimately be approved.
If it's a "pre-approval" from the SCT, you're good to go with a soft pull.
If it gives a range of APRs, it's just a recommendation but not a real offer.