cancel
Showing results for 
Search instead for 
Did you mean: 

Kohls charge prequalify and then deny letter

Highlighted
Established Contributor

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?

Message 1 of 3
2 REPLIES 2
Highlighted
Moderator

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
Highlighted
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>


DEC 2019: EX 816, TU 820, EQ 810
DEC 2018: EX 777, TU 783, EQ 799

|| AmX Cash Magnet $40.5K || NFCU CashRewards $30K || Discover IT $24.7K || Macy's $20K || NFCU CLOC $15K || CitiCostco $12.7K || NFCU Platinum $12.5K || Apple Card $6.5K ||
Message 3 of 3
Advertiser Disclosure: The offers that appear on this site are from third party advertisers from whom FICO receives compensation.