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?
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>