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Pre-Qualification Interest Rate

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Pre-Qualification Interest Rate

Hey Guys,


I am sure this has been answered a million times, but I couldn't find the answer on my own.  Does a prequalification online showing a specific rate indicate a higher likelihood of approval?  In this case one of the Amex credit cards has a rate range (14-25%) and my rate was in the middle.  Obviously, they don't see behind the curtain until the hard pull is done so I doubt it, but figured I would ask.





Message 1 of 3
Valued Contributor

Re: Pre-Qualification Interest Rate

YES! absolutely if there is a single rate showing (I.e.17.4%), and not a range

NFCU $60.4k/PenFed $22.5k/Commerce $15K/53 $11K/Synovus $14K/BBT $11K/CapOne $12K/DCU $7.5K/BMO $7.5K/Chase $14.5k/Cabelas $10K/ and many many more!
Total CL $398600, plus car and RV loan.
Ooh. Ooh. Getting closer to that $500K mark!
Message 2 of 3
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Re: Pre-Qualification Interest Rate

Thanks so much, good to know!

Message 3 of 3
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