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Kohls charge prequalify and then deny letter

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Kohls charge prequalify and then deny letter

Got the congrats you're prequalified followed by a "wait 30 days"

 

Letter came within 10 saying not approved. Usual reasons for me, BK7 (2016), utilization rates too high, etc.

 

Anyone else have the similar non-success?

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Community Leader
Senior Contributor

Re: Kohls charge prequalify and then deny letter

  • Sorry for the denial. It has certainly happened to others (pre-approved and then denied). We must remember that pre-approvals and pre-qualifies are never 100% guaranteed. I would try to get the utilization down and try again in a few months. 
Got some pruning to do... No more new cards!
Message 2 of 3
Community Leader
Super Contributor

Re: Kohls charge prequalify and then deny letter

Sorry for the denial OP.

 

Personally, I view pre-qualified as a marketing tool and preapproval having a better shot at being approved. However, as @JAG73 says, it’s no guarantee.

 

I found this article that I thought was interesting that may give you a better insight into the slight differences. 

<mod edit:  Sorry, we can't include that link here.  --UB>

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