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Showing results for tags 'pre-approved'.
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So I get this offer int mail for Capital One, for the Quicksilver. On the outside of the envelope, on the enclosed letter, on the website, it says PRE-APPROVED. But then it states that in Capital One speak, 'pre-approved' means you meet the initial criteria and are LIKELY to be approved. So is this not simply PRE-QUALIFIED and not pre-approved? Yes, it has the opt-out language. I have a CapOne with a $1,000 limit, basically the lowest of my cards. It only has that as the EO got it raised from $300 after two years of no increases. The enclosure states the minimum credit, if approved, would be $500. I see in CreditPulls they may try to pull all three, but even with EX frozen, they will absolutely pull TU and EQ. Look, if they are going to give me, say $3,000-$5,000 (which is where most of my limits are), then I am game even if just to keep utilization low. But I sure do not need several pulls, a lowering of my AAOA, and then I get a $500 limit. Hell, I get offers from Victoria's Secret every day higher than that. So anyone have any experience with these? Should I bite or should I throw it in the trash?
