12/12/2023 0 Comments Chase freedom credit card approvalRequest a pre-qualification on the credit card issuer's website Offers may include an invitation code that you can enter when you apply. One way to possibly get pre-approved for a credit card is by applying for an offer that the credit card issuer has sent you by mail, email or phone, also known as “prescreened offers.” Although mail may not be as popular as it once was, pre-approved offers may appear in the pile. Ways to apply for a pre-approval offer include: Respond to an offer from a credit card issuer Some people receive a pre-approved credit card offer in the mail, whereas others may need to complete an online form to provide the credit card issuer with basic information. In short, the card issuer needs to pre-approve you for a credit card, and then you can take action. How to get pre-approved for a credit card It's not a guarantee, but it's a good sign. The credit card issuer may then look at your financial profile and show you credit cards and offers that you might qualify for if you apply. Pre-qualification for a card indicates that you've made the first request and reached out to the credit card company to see if you might be approved for the card you're interested in. Pre-approved credit card offers differ because lenders already have the information needed to assess your credit worthiness. If you've received a pre-approval offer, the credit card issuer has reached out to you first because you meet the basic requirements. Pre-qualification and pre-approval processes are different ways for you to review your credit card options. You may seem like a promising candidate, but the lender will likely want more information to process your application. But remember - you can't actually be approved for the card unless you apply. Pre-approval offers can be delivered by physical mail or email, or provided verbally through a phone call.Ī pre-approval offer suggests you've passed the first step in the screening process. You might receive these offers from card issuers that you already have an account with, or from affiliated partners who are looking for ways to promote their credit card offerings. Lenders prescreen consumers by requesting a soft inquiry to check credit and determine who qualifies.īased on these factors, you may be pre-approved for an offer. When you've been pre-approved for a credit card offer, this means that you've been prescreened based on specific criteria, including your credit and payment history. And Chase isn't running any special bonus right now that they won't be doing later.Have you ever received a pre-approval offer in the mail? Or maybe you've received a pre-approval offer via email? Then you may have asked yourself, “What does pre-approved mean for a credit card?” Let's find out. not worth maybe getting a higher rate on the car. That said, I'd wait til after the car loan. The Preferred is almost never a good choice long-term, if you spend enough you'd be better with the Reserve, if not you're better off with something free. but the Preferred offers a net $500+ (they ran 80k points for a while a couple months ago) for the first $95 annual fee, and you can change it to any of their other cards after the 1st year. The Reserve has a relatively huge annual fee (but can be a good long-term card if you're a traveler) and usually a lower bonus. The Sapphire Preferred is a good choice for that too, if you can hit the spending requirement, BTW. the Freedom cards are usually $200 back on $500, so just put $500 of what you'd normally spend on it, you got a free 40% back for a hard pull, and a small temporary credit hit for lowering your average age & newest account. Here, please treat others with respect, stay on-topic, and avoid self-promotion.Īlways do your own research before acting on any information or advice that you read on Reddit.Ĭhase gives out pretty hefty sign up bonuses, so if you're willing to open a card. Get your financial house in order, learn how to better manage your money, and invest for your future. Banking Megathread: FDIC, NCUA, and your cash.Private communication is not safe on Reddit. Scam alert: Ignore any private messages or chat requests.
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