@Anonymous wrote:
@Anonymous wrote:
A few years ago I got some prequals in the mail when my credit was only around 530 and when I tried to claim them to build credit I was denied. Why do they send prequals that say youre preapproved for a credit card and then deny you? Are they still like that?
Now that im getting my credit better (all 3 are within a few points of 650), Im starting to get prequals in the mail again from various companies. Most of them are from Discover (I get one from them about every 2 weeks). Im afraid to be denied if I try to apply again because I dont want unnecessary hard pulls on my credit reports, but I also would like a couple new cards to raise my score now.
I currently Only have a $500 Cap One Plat, $750 Cap One QS1, $3000 USAA, and $1500 PSECU. I also have a $300 Kohls that I would like to hit the request a CL increase button (I dont use it but increased limit will help util) but am afraid they will do a hard pull. You shouldn't get an HP for the CLI. My wife just requested one on her $300 CL and was approved for $750 just like that. I've read on here where you can hit Khols every 4mths with no dings. My ,main goal is to eventually get a card with a $10k limit so I can consolidate to one card and work on paying that off.
As for Discover, I app'd a pre-qual from them and got a denial HP. The wiser ones here say that if the OFFER has a solid APR and not a range (say 11.9%-23.9% for example) then it's solid. Personally, I'm in the same range as you and I'm staying away from them. On the up side though, if you go to the pre-qual site and enter your info and you get a single APR% you are probably good to go.
Discover has a range of APR's - the 11.9% - 23.9% is the "we have no clue if your qualified or not". If you have a 3% range then its a pretty solid offer. It means that they have enough information about your credit to categorize you in a specific bucket.
