![]() In this situation, you'll need to get pre-qualified first to get pre-approved. Your offer may be more personalized since you provide information about yourself. Once the information is entered, you may be shown a credit card offer that the issuer feels best fits your financial needs. These forms will often ask you to provide basic personal and financial information. Most major credit card issuers that offer pre-approval have online links to a simple form where you can apply that can be found on the issuer's site. Request 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. 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.
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