Are preapproved offers actually preapproved?

[marty56]

Funny you mention AE and WaMu.  I had both ther products in DMP and then send me offers all the time.  My theory is that they know I have improved my credit and they just want to hit me with a hard INQ and denial for revenge.

Message Edited by marty56 on 06-09-2008 07:01 AM

[haulingthescoreup]

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@marty56 wrote:

Funny you mention AE and WaMu. I had bopth ther products in DMP and then send me offers all the time. My theory is that they know I have improved my credit and they just want to hit me with a hard INQ and denial for revenge.

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Have you ever noticed WhirledPeasPlease's siggy? She's keeping a running count of WaMu's mailed pre-approvals. I think she's up to 12 or something crazy like that.

[creditreformer]

lol marty, i tend to agree wamu (and i NEVER burned them or providian) and amex.  the optimist in me thought that amex would have a change of heart after 10+ yrs and that preapproved meant 'yes, we'll love you', but i guess not.  not sure what wamu's deal is, but so far, they've sent me 3-4 'preapprovals'.  i only tried 1x and that denial (and inq) was enough for me.

[Anonymous]

My GF and I walked into BofA over the weekend because she had to deposit her stimulus and tax return checks. The bank teller, with a big smile on her face, congratulates my GF and tells her she's approved for their Visa card with a 9K CL @ 3.9% APR, 0% on purchases and BT for 1 year. My GF says no thanks and shrugs it off. Apparently they offer this to her every time she goes in. The teller laughed and said people go in there everyday day begging for the card and that she couldn't believe she won't accept it.

For kicks I went home and checked the pre-approval link on the BofA site and it came up with nothing. I wonder how accurate the site is with those pre-approval offers...

[Anonymous]

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@haulingthescoreup wrote:

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@marty56 wrote:

Funny you mention AE and WaMu. I had bopth ther products in DMP and then send me offers all the time. My theory is that they know I have improved my credit and they just want to hit me with a hard INQ and denial for revenge.

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Have you ever noticed WhirledPeasPlease's siggy? She's keeping a running count of WaMu's mailed pre-approvals. I think she's up to 12 or something crazy like that.

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LOL Hauling..  (Sry, just saw this!)

Those pre-apps are from when I opted back in - mid February or so.  I app'd twice with them, in July 06 and July 07, and was denied both times. 

Now..  it's game ON! 

[Anonymous]

Wamu seems to lean heavily in favor of current (good) banking customers as far as I know. If you want a Wamu card, get a free wamu checking, and make regular deposits and they will give you a card.

[marty56]

Actually I never burned either one (never late, always paid on time) other then having their accounts in DMP and they earned 10% on that debt while I was in DMP.  Not to mention 7 years at 18%  or more prior to  DMP.  Not to bad a return on there investment.

I may have to wait 4 more years but by then my scores should be over 800 and I might get a BofA pre-approval.  My crown jewel of preapprovals.  At that time I have plans for it to interact with the by-product of certian input/output body functions before be mailed back to them.

Changing all the personal info on it ofcourse.

I can wait.

Message Edited by marty56 on 06-09-2008 07:00 AM

[ninetynine]

I know for sure that HSBC and BOA preaaprovals work. I have heard that BOA has never denied anyone preapproved. HSBC I have heard mixed stories. Some were approved and some were not.