@K-in-Boston wrote:
@coreysw12 wrote:...
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.
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.
Ymmv K
i once got a solid apr offer too from Boa prequsl site, yup, denied. I would not classify their page as prequal more a hey if you are looking for a cash back card we have one page
@coreysw12 wrote:
@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!
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
Its legit but not everyone gets prequals from them irregardless of their profile. I never see one so im usually just one to base spproval odds off my profile not a prequal
@coreysw12 wrote: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.
No, some people have gotten pre-approvals for $15k or more. Seems like the 5500 is a general bucket for scores between 6xx and 7xx. It's a comenity thing. I tried the Toyota one once. It pre-approved me for $1500. Theres fine print that it's up to that amount depending on the credit pull.
I'll add a +1 on the Citi prequal. When I got my Diamond Preferred a few years back (since product changed to Rewards+), I was instantly approved with the 12.24% APR that the prequal showed. I was later approved for the ThankYou Premier with no preapprovals showing, and haven't seen any in a few years, but wouldn't hesitate to actually apply for another Citi product if it met my needs. (Prestige was a strong consideration when I chose to get the Business Platinum charge card instead recently.)
As for IKEA, it's very much YMMV.
I went 2 years without ever getting a Citi prequalification, and then started getting them after going on my 5 card app spree? 🤷♂️ ***Not saying you should go on an app spree***😉
@KLEXH25 wrote:
@coreysw12 wrote:
@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!
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
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!!
Affirm is a company that offers monthly payments (short term loans) for purchases at participating online retailers. They don't have a central pre-qualification site, but they offer SP pre-qualification at most (all?) of the participating vendors' websites. You can find a participating vendor from their website:
https://www.affirm.com/how-it-works
Interest rates vary from 10-30%. Some vendors also offer special terms, like 0% for 12 months. They won't run a HP until/unless you make an actual purchase using their service.
Total Loan Balance: $43k / $65k
Total SL: $78k