Soft-pull PREAPPROVALs - Updated 4/20/21

[K-in-Boston]

Just a quick reminder: referral links are not allowed on myFICO.

[K-in-Boston]

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@coreysw12 wrote:

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I agree about BofA - their pre-qual "tool" is an outright scam. I was "offered" a card with that tool a few months ago, so I applied for it. Now check out the sweet BofA card in my signature.

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I received three cards instantly approved in the past couple of years with the exact APR listed in their prequalification tool: BankAmericard, Cash Rewards, and Premium Rewards.  I believe it's the same as always, and as with most other lenders: one APR listed is usually a pretty solid offer, while "variable APR of 10.99 to 27.99%" is just marketing.

[KLEXH25]

Is the Citi prequalification form legit? I can never seem to land on anything, even though my scores are pretty decent. Not that I want anything else from them. I, too, like to fill out forms when I get a "gardening itch," so it's frustrating when I don't get any offers!

[coreysw12]

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@KLEXH25 wrote:

Is the Citi prequalification form legit? I can never seem to land on anything, even though my scores are pretty decent. Not that I want anything else from them. I, too, like to fill out forms when I get a "gardening itch," so it's frustrating when I don't get any offers!

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It's legit. Not sure why they''re not giving you any offers, I do know they're a bit sensitive about utilization on your accounts in your report

[KLEXH25]

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@coreysw12 wrote:

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@KLEXH25 wrote:

Is the Citi prequalification form legit? I can never seem to land on anything, even though my scores are pretty decent. Not that I want anything else from them. I, too, like to fill out forms when I get a "gardening itch," so it's frustrating when I don't get any offers!

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It's legit. Not sure why they''re not giving you any offers, I do know they're a bit sensitive about utilization on your accounts in your report

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I did the prequal two days ago. My accounts are currently AZEO, and my one balance is $21 out of an $11,000 card (which happens to be my Citi Costco card)....so clearly no soup for me!!

[coreysw12]

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@KLEXH25 wrote:

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@coreysw12 wrote:

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@KLEXH25 wrote:

Is the Citi prequalification form legit? I can never seem to land on anything, even though my scores are pretty decent. Not that I want anything else from them. I, too, like to fill out forms when I get a "gardening itch," so it's frustrating when I don't get any offers!

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It's legit. Not sure why they''re not giving you any offers, I do know they're a bit sensitive about utilization on your accounts in your report

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I did the prequal two days ago. My accounts are currently AZEO, and my one balance is $21 out of an $11,000 card (which happens to be my Citi Costco card)....so clearly no soup for me!!

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Sounds like you'd have no problem getting a Citi card if you applied for one even without pre-qualifying first. But I really have no idea why they're not offering you anything. Maybe their system just hasn't gotten around to checking your profile recently.

[Iusedtolurk]

This is a great list! Many thanks. I definitely hate wasting a hard pull for a denial that stares me in the face for 2 years saying "You shouldn't have done it".

Since my credit rebuild started I have gotten 12 out of 13 pre-approvals approved. Only one pre-approval was denied.

I only cold apped one card and that got approved.

I much rather do a pre-qual than cold app because your chances are (percentage wise) much safer not wasting a hp.

I'm going to let my accounts age a little now but will keep this list in mind.

[waqaszm1]

list has been freshly updated and now features softpull pre-approvals on personal loans as well - 

I see a lot of people trying to rebuild, and do not want them to make the same mistakes as i did that delayed things for me because i had to wait on inquiries to fall off. 

my advice is: if you cannot get any preapprovals on this list, then either wait till your credit improves OR get a secured card from a local credit union and work on rebuilding ... eventually your scores will get better and at that time use your inquiries for meaningful credit options.

[coreysw12]

FYI, I've been told that the Ikea Projekt card is only "sort of" a pre-approval tool, kind of like BofA. Apparently they tell pretty much everybody that they're pre-qualified for $5,500, which is relatively meaningless because it's often less (or not approved at all) once you fill out the app, unless you have great credit.

I cannot attest to that myself, as I haven't applied for it. But every time I've checked the pre-qual site for the last year, no matter what my credit looks like at the time (and it's been all over the place for the last year), they've always "pre-qualified" me for exactly $5,500 - no more and no less. Which seems to somewhat validate what others have said about their pre-qual tool.

[Anonymous]

thank you for this list and keeping it updated!

this is very helpful for the board