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Question By
brytdom15

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Pre approved turns into Hard Inquiry?
I received a pre approved credit application in the mail. Given that I have never had a credit card, I thought this one would actually be approved. Unfortunately it only showed up as another hard inquiry. Someone please exlain why?

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Helpful to 3 out of 4 people

I have a similar question. I'm trying to restablish my credit, but if I get another card it will be a hard inquiry, thus bringing my score down. Plus it remains on there for like a year. How is this helpful in the grand scheme of things?

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Reply by
tomminpa

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Enter Your ReplyPre Approved does not mean you are approved for the card. The Credit Card Company does a soft pull on your credit report but when you actually apply for it they do a hard pull. The Hard pull reveals all. The SOft just reveals your balances.

If you have bad items on your credit report they are revealed via a hard pull

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Pre Approved

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Usually when you receive a pre qualified or pre approved offer the lender has pulled a soft inquiry and qualified you for the offer. Once you apply for the card, it becomes a hard inquiry as the lender will pull a credit report to actually extend credit.  As many have found out, a pre approved application gives you a high chance of getting the card but does not guarantee it. 

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Pre-Approved Cards

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The only thing certain about pre-approved credit is that if you take advantage of the offer, you WILL get a hard inquiry on your report.

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Cindy

How long does it take to get a pre-approved hard inquiry off you record

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~Hard Pull Question

I recently recieved a Discover it Card, which came to me as a pre qualified mail offer. I appled and was approved and I still yet have to see the Hard Pull on my Report, and the account has been open for about 2 months. I have two other cards from Capitol One, and Chase, and both of them are on my report as inquiries. I did not recieve offers froim them, I applied on my own. Its strange because Discover is reporting my balance activity as the other two are normally, but no pull from them on any of the 3 bureaus. I even checked with Innovis and did not see one. Im not complaining though, its just strange.

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Pre-approved credit cards

I received a letter in the mail for a pre-approved credit card and I sent the offer letter by mail which they approved me for but I do not see that credit card company on my credit factors. Which is a good thing. I just received another pre-approved offer from another credit card but I am scared it will be on my hard inquiry list if I submit the offer. I am a little confused because the first offer I sent in did not pop up. Does it have to do with being approved and not being approved? 

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If you don't want to get these offers in the mail in the future, go to www.optoutprescreen.com and "opt out".

Reply by
danifilth

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Helpful to 1 out of 2 people

The problem is not getting preapproved offers, it's the fact that my score goes down if I do so.

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