Ok..so I have been receiving pre-approved credit card offers, mainly from chase and capital one....within the last 3 months I have recieved 12 pre-approved invitations from capital one and 14 from Chase..(Got my mail today)....I even recieved one from american express telling me i am "officially selected". Last time i check I did not have a good credit history...well..I pretty much did not have any credit (have never own a credit card...always got turned down...) at the moment all i have is student loans...I have not applied for a card for about a year now.....My question is, the pre-approved offers that i am receiving if I go ahead and apply for lets say capital one will i get the card?????
2007-12-25 15:04:50 · 3 answers · asked by ? 3 in Business & Finance ➔ Credit
I was helping a friend apply for a Capital One card and they actually have (I think) four types of cards - one of which is for those with little or no credit history. They will charge a higher APR and maybe an annual fee, but they can help your credit rating. Therefore, it is possible that you will get it!
2007-12-25 15:14:06 · answer #1 · answered by dododiggs 2 · 0⤊ 0⤋
If Amex sent you a pre-approved offer, your credit is better than you think.
The economy, and credit, is in the tank and the credit card companies are hotly persuing anyone that either does not have a ton of debt, or pays the bills they have. (because many are not)
Just apply for a couple and see what happens. What is the worst that could happen, they could turn you down. Guess what? That leaves you exactly where you are now.
PLEASE be careful though, millions of Americans are losing everything because they placed fast and loose with their credit cards.
Good luck to you.
2007-12-26 02:18:38 · answer #2 · answered by Gem 7 · 0⤊ 0⤋
Generally speaking "pre-approved" means "approved unless we find something in your credit report that we do not like".
Yes...you can still be turned down for a pre-approved card.
2007-12-25 23:11:16 · answer #3 · answered by Wayne Z 7 · 0⤊ 0⤋