Truist pre-approval question

vinathi · ‎02-22-2022

Hello,

I am not sure whether I am posting in right place, please move this to right place if required. I checked the truist pre-qualification page today and it was listing all 5 cards and asking me to click accept button. The problem is no credit limit or APR is listed. Will it show the credit limit after clicking accept with a soft inquiry or hard inquiry? If it would have displayed the credit limit on the pre-qualification page, I would have accepted it if SL is more than $10k. Now I don't want to have a hard inquiry with less SL. Please share your experience in this situation.

Thanks

Vinathi

FinStar · ‎02-22-2022

No limit or APR are displayed with any pre-qualification offers. Once you accept, and if approved, that's when you'll see the approved limit and APR -- not before.

Anonymous · ‎02-22-2022

I can't say for Truist specifically. Generally you won't be able to see your SL and APR until after you actually apply for a credit card and they do a HP. The only two creditors I can think of that will show you an SL/APR prior to going through with the full application are FNBO and the Apple Card.

JLRDC909 · ‎02-22-2022

@Anonymous wrote:
I can't say for Truist specifically. Generally you won't be able to see your SL and APR until after you actually apply for a credit card and they do a HP. The only two creditors I can think of that will show you an SL/APR prior to going through will the full application are FNBO and the Apple Card.

Correct!

Add the GM Card also. They allow you to see the APR and limit, also a G-S product

JR

FinStar · ‎02-22-2022

Right, valid points on the other lenders, but this particular topic is about Truist -- not GS, MbGS, FNBO, etc.

gordoncharles25 · ‎02-22-2022

How do you check the Truist pre qualify? I thought it was only possible with bbt..please share any link thanks

FinStar · ‎02-22-2022

@gordoncharles25 wrote:
How do you check the Truist pre qualify? I thought it was only possible with bbt..please share any link thanks

@gordoncharles25 - Reference the thread below, then search for the Truist link:

https://ficoforums.myfico.com/t5/General-Credit-Topics/Soft-Pull-Pre-Qualify-Links-Part-2-Updated-2-...

learningcredit54 · ‎09-18-2022

I opened my Truist back in July - hard pull with SL and APR shown only after application approval. I am not sure if it has changed since then.

Business Cards:
Amex Business Plus: 6000 // Amex Business Hilton Honors: 3000 // Amex Delta Gold: 4900 // Amex Business Platinum NPSL POT 5000 // Amex Business Gold NPSL POT 15000

Personal Cards:
Discover It Cash Back: 8000 // Chase Saphire Preferred: 5000 // Truist Enjoy Beyond: 4500 // Amex Blue Cash Preferred: 1000 // Cap1SavorOne: 2000 // Cap1 Secured Platinum: 200 // Cap1 QuiksilverOne 2000 // Citi Double Cash: 5200 // Amex Platinum NPSL POT 4000 // Amex Gold NPSL POT 1750

GOAL SCORES 750 ACROSS

C6 · ‎09-18-2022

I wouldn't put a lot of faith in their prequalifier. I got approved for all their cards but when I accepted I received some message about not being able to verify my address. I went into a local branch as I decided to open a checking account. I received approval for $6500, the rep told me that most approvals were for less than that. Judging by the approvals on myFICO there have been many for lesser amounts. The rep told me that she could send it for manual underwriting for a higher limit but I have yet to do it. The card is mediocre at best. I did get 15.49% which is their lowest rate but the card is a flat 1.5% cashback with no other benefits such as CDW. The bank has been a pain to deal with the reps being unresponsive. I had my online access blocked and had to go to the physical branch to clear it. While I was in branch the last time all their computers were offline and they couldn't do any business. Overall I have been very unhappy with this bank. I have had many recent approvals, 12k - 15k - and 20k. I never got a hard pull for this card but I wish I had never even applied. Their systems are really slow and while many got multiple approvals before I think that loophole has been shut down.

FireMedic1 · ‎09-18-2022

@vinathi wrote:
Hello,

I am not sure whether I am posting in right place, please move this to right place if required. I checked the truist pre-qualification page today and it was listing all 5 cards and asking me to click accept button. The problem is no credit limit or APR is listed. Will it show the credit limit after clicking accept with a soft inquiry or hard inquiry? If it would have displayed the credit limit on the pre-qualification page, I would have accepted it if SL is more than $10k. Now I don't want to have a hard inquiry with less SL. Please share your experience in this situation.

Thanks
Vinathi

Imagine if all the creditors that issued credit cards showed your SL and APR before accepting. More than half probably. And even more on here would turn it down and back out of the app. As you mentioned if it was less than 10k you wouldnt accept the offer. Bad for business. As the ole song goes. "You cant get what you want."