What does pre-selected mean

[Anonymous]

I received a mail from citi bank YOU ARE PRESELECTED FOR our diamond preferred card 0% Apr for 12 months

What does that term preselected mean

[FinStar]

It means that based on Citi's pre-screened criteria, you along with others who fit a specific segment, were selected to apply for the Diamond Preferred. In other words, an invitation to apply - nothing special and simply a marketing offer. No guarantee of approval.

[Anonymous]

I see I doubt I will be approved with 8 New accounts and 30+ inquiries. Citi Bank seems to love me early this year they sent me an preapproval for the double cash back.

[Anonymous]

Unless you see a single APR figure instead of a range after the promo period ends, it's just a marketing mail. Don't bother applying unless you actually need the card

[OmarGB9]

+1 to opinionated

[Anonymous]

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@Anonymous wrote:
Unless you see a single APR figure instead of a range after the promo period ends, it's just a marketing mail. Don't bother applying unless you actually need the card

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And even if there is a single APR, still don't apply unless you acfually need it!

[Anonymous]

I have been getting a lot of them from Citi lately, for their bottom of the line card. It surprises me, though, since I burned them for about $2k when I lost my job back in 2007-ish.

[Anonymous]

I've also been getting these a lot lately on a couple of their cards with specific %. While it is a marketing gimmic, I do think it makes it somewhat more likely you'd be approved. But how much somewhat means is a big guess.

The strange thing is that in getting these mailings, when I go to citi's site, NOTHING shows up for prequalify and yet I have nothing negative on my record and have never burned them etc and my scores are good. Strange.

[Anonymous]

Opinionated on the latter they specifically set the Apr at 20.9% which must mean something for me(they soft pulled me). I never burned them. I banked with them but had to switch to another bank due to moving to Connecticut. 

[kdm31091]

Aren't you gardening? Do what you want but you have a lot of new accounts and inquiries, and this card is hardly anything worth leaving the garden for.

The mailer means nothing in this case, and is just marketing. Even if it weren't, the only real use is for the 0% period. But if you don't need it don't apply. There are better cards.