If you have an RSVP for a credit card does that mean automatic appproval. I have bad credit but I got an RSVP

Answer 1

Its not automatic approval.
Clean up your credit. Thats the only thing that will help, otherwise even if they give you credit it will be with an interest rate that makes the Sopranos blush.

Answer 2

Sorry, but that RSVP does not mean a thing. These letters are sent out in a bulk mailing. If you re-read the offer, looking at the small print, you will a statement saying something to the effect that this letter is NOT a guarantee, but that they have the right to refuse your application after certain information is gathered. If you want to start a credit card, go to Premier. Open a savings account and they will give you a credit card based on the balance of your savings. After six months of successful experience with you , they have the option of increasing your credit line. After two years of successful reporting from them, you can close the account and then begin to get offers from other banks that will charge you less interest and no annual fee. Whenever you receive these offers, read the delcaration carefully. Many times they will "give" you an account but there is a monthly fee and an annual fee. Your better bet is to open an account at a local store (even J C Penney, Kohl, Mandee, or Avenue) where you can begin to establish a positive credit history. Once you have begun to prove that you can handle credit responsibly, the offers will come in without all the red tape and the extra charges. Good luck to you.

Answer 3

Read the fine print. They always reserve the right to deny you credit if adverse information turns up. A few banks/credit card companies will specify "preapproved" on their mailings, but again the fine print says, if we don't find anything bad, or we reserve the right to make a low credit limit offer, or we may ask for security.

"RSVP" just means "please reply." It guarantees nothing.

Answer 4

They'll check your credit, job references, landlord, and all of that - the RSVP is a marketing ploy - they aren't going to give a card away without making sure they can get paid and what that person's history is for doing so.

Answer 5

No, that does not mean that you are approved, if you read the fine print it will say so. Between me and my husband we probably get half a dozen or more pre-approved credit offers a week. Just rip it up and throw it in the trash.

Answer 6

Those are mass mailings. After you accept they check your credit.

Answer 7

not necessarily. check out the deal, read the fine print before you sign up. stay away from first premier bank they charge you up the wazoo for everything.