So if you do this and you get a specific pre-qualified offer, does that mean that you will be approved for that particular card? I have been afraid to apply for a new card, although I know I have to in order to start rebuilding my credit history. I was planning on getting a secured card within the next few months to minimize my chances of rejection and subsequently several inquiries on my file. I don't NEED credit, but I do see on my reports that one of the things hurting my score is no open accounts.
I entered my info into the HBSC card finder and this is what came up:
We're sorry we could not pre-qualify you for a Rewards card, but you have pre-qualified for the HSBC Platinum MasterCard which is a premium card for people working to improve their credit. This card comes with:
Premium Platinum MasterCard benefits including car rental insurance
24/7 online Account Management access, allowing you to manage your account
A choice of payment due dates and email alerts to notify you of your next due date
Periodic reviews of your account for possible credit line increases
A one-time processing fee of $19 and an annual fee of $79
Since it's a card for people improving their credit, I assume they have some way of looking at my scores, so would this be the same as a pre-approval?
It wont be an automatic approval, but you stand a great chance if they pre-qualify you. I got that offer at first. Then they gave me one without a processing fee and only 59$ AF, and I ran with it, approved for a 300$ CL
FAKO's: 02/19/2009- TU 709 , EX 684, EQ 694
UTL 34.33% (working on that) Credit History 1 1/2 yrs old And just got a car loan that has yet to report. Ugh, letting credit cool down for the rest of the year.