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I know that checking for pre-approvals wont change your score...but will it have an effect on your credit when you apply for CC's or CLI's? The reason I ask is because I got my credit scores up to low 800s from mid 500s. I got obsessed with checking for pre-approvals and checking what credit rates and limits were if that was given on pre-approvals. Sometimes I checked repeatedly. I may have checked 20-30 different credit pre-approval portals. I got 4 new cards in about 6 months. One being an AMEX card. I applied for a AMEX CLI and was denied because of "Based on your credit report, you have too many requests for credit.". Does that mean too many NEW credit accounts? I had ZERO new credit apps out there and the only thing I had was many preapproval checks. I was wondering if AMEX could see those.
The 4 new cards in 6 months..were those 4 HP present when you applied for the other AMEX?
Banks are not going to decline you for SP's
It sounds like the 4 accounts in a short amoung of time, represented to them as "credit seeking" led to your denial.
No, SP's and Preapprovals will not cause you to get declined
Thats what I thought. Just wanted to make sure.