Regions Bank Cash Rewards Pre-Selected Offer

[Anonymous]

Hello,

I just received a pre selected offer from Regions for the Cash Rewards Credit Card with a $300 cash rewards bonus when your net purchases total $1,000 in the first 90 days, 18 billing cycles 0% APR on purchases and balance transfers and after that 13.99%.  Seems like an amazing offer.  I dont really need another credit card but it seems to good to pass.  

Do you know what they pull in FL and if it would be a hard or soft inquiry?  With pre selected offers are they usually approvals or have you seen denials as well?

Thanks!

[Anonymous]

That's one seriously nice offer

[Anonymous]

Since you're in Florida, have you considered MIDFLORIDA's 2.5% back credit card? It's fully loaded with benefits and therefore arguably worth getting even if you already have the AOD card.

[Anonymous]

If you're a Tegions customer already, why not? I'm not sure if they're relationship heavy like banks though. 

[AlanGJP]

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@Anonymous wrote:

Hello,

I just received a pre selected offer from Regions for the Cash Rewards Credit Card

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Pre-selected is generally marketing and is no where near a guarantee. Pre-approved isn't either, but it's the next step up that ladder. I would seriously consider your chance of approval based on previous success here on myfico. I'm sorry, maybe Regions is more selective, but in my experiance pre-selected is just a way to get a potential customer to open/read and hopefully apply for your card. (Keep those hard inquiries close to the belt. Trust me, using them up (unless it's a sure thing) is not a good idea.)

Either way, good luck and keep pushing!

[drewopa]

I received the same offer (not a customer).  The preapproval page does not work for non-customers now so I was curious if they would provide the starting limit before accepting.  I went through the application process up until employer info.  I then received an error message--"unable to proceed with your online application".  I was given a number to call or asked to visit a branch.  I guess it was a website glitch and I did not receive an alert for a hp.  Even though it is a generous bonus, I will not pursue it as I really do not need it.  

[FinStar]

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@drewopa wrote:

I received the same offer (not a customer).  The preapproval page does not work for non-customers now so I was curious if they would provide the starting limit before accepting.  I went through the application process up until employer info.  I then received an error message--"unable to proceed with your online application".  I was given a number to call or asked to visit a branch.  I guess it was a website glitch and I did not receive an alert for a hp.  Even though it is a generous bonus, I will not pursue it as I really do not need it.  

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For Regions' customers, if a pre-approved offer is available, it will display the limit.  Usually, Regions pre-approved offers are fairly solid.  The pre-selected ones are simply marketing. That said, with the right profile, a pre-selected offer could result in an approval.