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

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