@Anonymous The pre qual tops at cards for excellent credit w/o annual fee, meaning those with annual fee won't show but that doesn't mean you won't qualify.
If you have had a credit card with 3yrs of history and $5k limit minimum, you're then good to go. The prequal should show the cards for excellent credit to be sure., they both have same standards for approval.
@SUPERSQUID wrote:
@Anonymous wrote:My FICO score is 795, average age 8yrs, utilization is 3%, nothing bad in my record.
Credit cards opened is 0/6 and 2/12
Hard inquiries is 2/6, but 0/6 on Nov 14th, and 3/12.
I:be opened 3 cards and close them in the past, bit last close was 3+ years ago.
OK to apply for a new card on Nov 14th? I'm aiming for the Venture X
In my opinion just dont cold apply, check their prequalification page which is pretty accurate. It will tell you what cards you qualify for without a hard pull. However if you decide to take an offer its 3 hard pulls on your credit reports, 1 for each ie- eq/tu/ex. If you apply without prequalify you run the risk of denial and will still endure the 3 hp's.
Prequalfying by no means guarantees OP will be approved. You can be prequalified and still get denied on an actual app. Likewise, you can try to prequalify, get no results, but then go ahead and apply anyway and STILL be approved.
Also, the Venture X may not even be included as part of the cards one can prequalify for.
@SUPERSQUID wrote:
@OmarGB9 wrote:
@SUPERSQUID wrote:
@Anonymous wrote:My FICO score is 795, average age 8yrs, utilization is 3%, nothing bad in my record.
Credit cards opened is 0/6 and 2/12
Hard inquiries is 2/6, but 0/6 on Nov 14th, and 3/12.
I:be opened 3 cards and close them in the past, bit last close was 3+ years ago.
OK to apply for a new card on Nov 14th? I'm aiming for the Venture X
In my opinion just dont cold apply, check their prequalification page which is pretty accurate. It will tell you what cards you qualify for without a hard pull. However if you decide to take an offer its 3 hard pulls on your credit reports, 1 for each ie- eq/tu/ex. If you apply without prequalify you run the risk of denial and will still endure the 3 hp's.
Prequalfying by no means guarantees OP will be approved. You can be prequalified and still get denied on an actual app. Likewise, you can try to prequalify, get no results, but then go ahead and apply anyway and STILL be approved.
Also, the Venture X may not even be included as part of the cards one can prequalify for.
Thanks Omar.
Theres a difference between accurate and pretty accurate. To simplify this difference it is alike to good credit and very good credit. each level sets it own criteria.
Telling the OP to app cold to cap 1 could cost a denial plus 3 hp's.
At least you can get a general idea without any risk if you use the prequal page.
But that's what I'm saying, prequal or no prequal, one will ultimately be approved or not approved based on their profile and how it lines up with a lender's UW criteria. If you run a prequal and get some results, you might apply because you think you have a chance and you could STILL be denied and STILL take 3 HPs.
