![]() It simply means they believe you may be interested in that particular card and may get approved if you moved forward with the application. ![]() If you receive one of these offer letters, it does not mean that you have officially applied for that card or even that you have an account with that financial institution. Prescreened offers sent to you in the mail or emailĪlmost every major credit card issuer sends prescreened offers to potential customers in the mail or through email. There are several places where you can check and see if you're prequalified for a credit card. Where can I find out if I'm prequalified? It signifies that you may have met the initial requirements to make you eligible for that specific credit card. Preapproved credit card offers differ from prequalified ones because a lender has already conducted a preliminary assessment of your creditworthiness and determined that you meet certain criteria. Prequalification and preapproval are different ways for you to review your credit card options. ![]() You'll want to note that this process is different than being preapproved. Requirements ultimately depend on the card you're considering and the issuing financial institution. Others may also ask for your debt obligations and how much you have in savings. Though there is no minimum credit score needed to prequalify, some issuers may require basic financial information such your annual income and monthly housing payment. It's not a guarantee that you'll ultimately get approved. The credit card issuer may then looks at your financial profile and shows you credit cards and offers that you might qualify for. Prequalification means that you've initiated a request to a credit card company to find out if you might be approved for a card, or that the issuer has reached out to you to let you know you may be approved for a particular card if you were to apply. What does it mean to be prequalified for a credit card? Whether or not this process may affect your credit score. ![]() Some ways to find out if you are prequalified.In this article, we'll share more about the following: This means you may be able to check if you qualify for a credit card before applying, and without generating a hard inquiry into your credit report. Many credit card issuers offer something called prequalification. “But what if I'm not approved?," you may ask yourself with a bit of hesitancy. You're filling out a credit card application online and you're about ready to hit the submit button. ![]()
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