If it's saying: "Invited to apply" that's what it means, you're welcome to apply.. Now, that doesn't mean you wont be approved but it's not a preapproval.
I've been getting these as well. Many emails and when I log into PP, which I use a LOT, there's a banner.
Mine does says; you're already approved or close to that but I don't need another card. I got a nice 2% card from my local CU.
If this is a card you would use, perhaps use & PIF the Walmart card for 6 months and then apply. Or if you have the HP to spare, you can roll the dice.
When I logged into PP using a pc I also had the “invitation to apply”. I applied for the PP Extras MC & was denied. Denial stated I didnt have any mortgage experience. Sync does not like my profile. Almost all my inquiries are from SYNC over the years though. Many have fallen off but I not once have gotten an approval for a SYNC card. Comenity on the other hand loves me “thankfully” but never gives me CLI 😂 Cant win.
It's not the lack of mortgage, that's just blah blah blah they are legally required to provide.
Most likely, your TU score is too low for them at the moment.
A true CC pre-approval/pre-qualification will have a distinct opt-out section that advises that you have the legal right to opt-out from receiving pre-approval offers and a brief outline of how you can opt-out of them moving forward. This is true for both emailed and snail-mailed offers. If there is no opt-out language in the notice it is simply a marketing-driven offer to apply, even if it includes a URL with a unique participation code.
OP--If you decide to get one of the Pay-Pal M/Cs---get the 2% one because the rewards on the Extras card aren't that good. The points a only worth about .6 of 1 cpp. I was looking at redeeming mine for some gift cards--but a $50 card costs about 8300 pts.