Financial Information
When credit card companies send you applications in the mail, does that mean you’ll be approved?
Question : When credit card companies send you applications in the mail, does that mean you’ll be approved?
I recieved 2 credit card applications in the mail for a CitiBank MasterCard. I don’t have any credit at all and I’ve applied for a couple cards and been rejected, so I’m weary about sending in one of these applications because I know it looks bad on your credit to apply for a lot of cards. So are these just an ad or will I really get a card??
i have applied for a dept store card with my visa check card (w. my bank) and been rejected…is there a particular store thats good to apply to? (i applied to Kohls) And I have no credit because I’m 19. The only reason I want credit is to help with school and because I rent an apt by myself.
credit card applications
Best answer:
Answer by Padders
No. The “pre-approved” applications just mean you meet ther criteria at that time. You need to read the fine print. If you don’ earn their minimum requirement, you’ll be rejected regardless of which company sent you the offer.
I suggest you start off with a dept store card like Walmart. That will help you begin to build your credit rating and will give you a credit history.
And if your bank offers a credit card, you might apply through them.
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#3 written by rissybabe2210 1 year ago
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#4 written by bella_4624_19 1 year ago
The only way to know if a preapproval is a real one is to check for a disclousre. Somewhere on the letter should be some writing in small print stating that if you wish to stop receiving these offers you must opt-out. Which simply means they did a soft pull on you credit and you passed their credit standards. If the letter does not have that statement, it is not a true preapproval.
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#5 written by ShouldBeWorking 1 year ago
Just because it’s in the mail doesn’t mean you’ll be approved however if those offers say you are pre-approved it does mean you have a better chance of being approved. If it mentions nowhere that you’re preapproved then it may be just an ad. Store credit cards are not only more difficult to get approved for, but they are much worse to maintain and usually have the highest rates. Try to avoid them at all costs if you can. Look at Capital One because I know they have a few cards which cater towards students so they obviously would take into consideration you have no credit because you are so young. You may need to begin with a secured card.
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#6 written by watercolourheart 1 year ago
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#7 written by zocko 1 year ago
look out for high interest rate cards. did you get rejected because you didn’t pay for something or just because you’re young? if you’re just starting out you will want to establish credit at some point anyway. try it, just keep it under control. what i did when i was a kid was to go to a local department store and bought some underwear and applied for their card which they usually approve on the spot. then I had it and kept it paid up on time. It was only a small purchase but did the trick.
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nope they don’t. They just want to to apply then they might reject you.
I was V confused too about it all at one point, check these links to learn lots about Credit Cards, cheers
http://credit-cards.ebookorama.com
and here http://finance.ebookorama.com
good luck