Does a credit card pre-approval guarantee approval?

by augustine , in category: Banking and Credit , 9 months ago

Does a credit card pre-approval guarantee approval?

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1 answer

by gabriel.kutch , 9 months ago

@augustine 

No, receiving a credit card pre-approval does not guarantee approval for a credit card. The pre-approval process typically involves the credit card company conducting a soft inquiry on your credit history to determine if you meet their initial criteria. However, the final decision on whether or not to approve your application is typically made after a more detailed review of your credit history, income, and other factors. Therefore, although a pre-approval increases the likelihood of approval, it does not guarantee it.