I got a "You're Prequalified" letter today from TD Bank for their CC which offers $200 back when you spend $500 within the first 90 days. (2% for dining, $0 annual fee).
It sounded attractive, but I wasn't sure that pre-qualified meant pre-approved, so I called and they said it is definitely a Hard Pull.
The rep said that "all credit cards applications require a hard pull" which I corrected him that I have 4 which did not require one.
He clarified that the pre-qualification is only for the "rewards offer portion" of the application, but that I was unlikely to be denied if I was offered this letter.
I don't think I will app for this, I am in the garden with 10 INQ on TU and had a good spree several months ago.
Just wanted to report/share. My Ficos are 680-690s at the moment.
Wondering if anyone else got this letter. Offer expires 7/23/16
Thanks cybersamp. Yeah good point. If they stiff me with a low limit it'll end up in the drawer. I have a bunch with points / 3-5%, thats not my goal. My main goal with adding to my bankcards total is just to keep my utility low. This one doesn't have enough reviews or evidence that it will even scale for that purpose over time. HP CLI forever is not going to work.
|Total CL: $314.7k||UTL: 2%||AAoA: 6.8yrs||Baddies: 0||Other: Lease, Loan, *No Mortgage, All Inq's from Jun '20 Car Shopping|