What Credit Cards Do I Qualify For

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The credit card issuer typically performs a “hard pull” or “hard inquiry” on your credit report when you apply for a credit card in order to assess your creditworthiness. Hard inquiries can knock points off your credit scores temporarily.

But many of the largest credit card issuers allow you to avoid that initial hit to your scores with a pre-qualification or preapproval process. In order to assess your chances of approval, these screening procedures look at your basic credit information and perform a “soft” credit check. Soft inquiries dont affect your scores.

The hard pull will typically still occur if you choose to formally apply for the card after that. However, the prescreening procedure will have provided you with an accurate assessment of your situation and whether the hard pull will be worthwhile. Before you accept the hard pull, some credit cards will even display your unique offer, which includes your credit limit and annual percentage rate.

The differences between credit card “pre-qualification” and “preapproval,” in contrast to mortgages, are less evident, and some card issuers even use the terms synonymously. Issuers work to match you with cards that best fit your credit, but preapproved offers are typically a little more official in terms of your chances. The most trustworthy offers are preapprovals from banks you already do business with. That bank already possesses the data required to reach a decision.

Issuer pre-qualification pages

Each issuer requires different information to process a pre-qualification request. Links to issuer pre-qualification pages and information about what is expected of you are provided in the table below.

Issuer	Required Information
American Express*	Full name, address, last 4 digits of your Social Security number, income (optional). AmEx may also offer an “apply with confidence” option for some of its cards.
Bank of America®	Full name, address, date of birth, last 4 digits of your Social Security number, what kind of card you want.
Capital One	Full name, address, date of birth, your full Social Security number, what kind of card you want.
Chase	Full name, address, last 4 digits of your Social Security number.
Citi	Full name, address, last 4 digits of your Social Security number, what kind of card you want.
Discover	Full name, address, birth date, full Social Security number, whether you’re a student, whether you have bank accounts, housing status, income, what kind of card you want.
* If you currently have an American Express card that you manage online, you may have to clear your browser cookies or use an “incognito” browser window to see the pre-qualification page.

Not all cards are always eligible for pre-qualification, according to issuers. Pre-qualification may occasionally be restricted to a few cards or not include any cards at all.

Top credit cards that offer preapproval without a hard pull

Even among secured credit cards, the OpenSky® Secured Visa® Credit Card is unique in that it doesn’t require a bank account or any sort of credit check to be eligible. Your credit limit is determined by the security deposit, which is typically required in the amount of $200. You will receive your money back when you close the account and transfer to a new credit card if you have a good payment history. All three of the major credit bureaus—TransUnion, Equifax, and Experian—are notified of payments. These businesses collect the data needed to determine your credit scores. The card has a $35 annual fee.

Petal® 2 “Cash Back, No Fees” Visa® Credit Card

The Petal® 2 “Cash Back, No Fees” Visa® Credit Card has a preapproval process, but WebBank, the card issuer, may consider factors other than traditional FICO scores when evaluating creditworthiness. This could make it simpler for people who are new to credit to be approved based on factors like income, savings, and spending. The card earns rewards and has a $0 annual fee.

Upgrade Cash Rewards Visa®

The Upgrade Cash Rewards Visa® simplifies budgeting by combining the features of a personal loan and credit card. It has fixed monthly payments even if you don’t pay off your bill in full each month. Any remaining balance is subject to a fixed interest rate from the issuer. Before you formally apply for the card and accept its terms, you can see your potential credit limit during the preapproval process. This visibility is typically not available during a standard application process. The card has no annual fee, earns rewards, and reports to all three major credit bureaus.

Discover it® Secured Credit Card

NOTE: The only way to get preapproved for this card is to visit Discover’s preapproval page.

WHY WE LIKE IT

The Discover it® Secured Credit Card, which has an annual fee of $0, provides a preapproval process that doesn’t lower your credit scores. The card has a $200 minimum security deposit requirement, but given its many advantages, it might be worth it. It accrues rewards and a sign-up bonus that can help you while the security deposit is being held back put some money back in your pocket. When you spend up to $1,000 in combined purchases per quarter, as a cardholder, you receive 2% cash back at gas stations and restaurants and 1% on everything else. Following seven months of use, the issuer reviews your account to see if you qualify for an unsecured credit card upgrade and the return of your deposit.

Mission Lane Visa® Credit Card

If you want to forego a security deposit and are a beginner or second-chance seeker, you can apply for the Mission Lane Visa® Credit Card, which has an annual fee of $0. All three major credit bureaus receive reports on payments, and during the first year, your account is evaluated for a credit limit increase at least once. That kind of boost, if you’re qualified, could improve your credit scores by lowering your credit utilization ratio.

Prosper® Card

You can request a digital Prosper® Card by logging into your account; you don’t need to wait for a physical card to arrive in the mail. While your physical card is in transit, you can use the digital card to make purchases up to a certain amount by adding it to a digital wallet. Additionally, depending on eligibility, there’s a potentially large credit limit of up to $3,000 as well as the possibility of credit limit increases through Prosper’s automated reviews. There is an annual fee of $39 after the first year, with auto pay starting at $0.

Capital One QuicksilverOne Cash Rewards Credit Card

NOTE: The only way to get preapproved for this card is to visit the Capital One website’s preapproval page.

WHY WE LIKE IT

Those with average credit (FICO scores of at least 630) are eligible for the Capital One QuicksilverOne Cash Rewards Credit Card; you can check your eligibility chances by completing the pre-qualification process. It earns a solid 1. 5% cash back on purchases, plus the possibility of a credit limit increase in as little as six months if payments are made on time, are available to cardholders. You will not be paid immediately upon signing up for a bonus or during the 200 percent intro APR period; instead, there is an annual fee.

Capital One Platinum Credit Card

NOTE: The only way to get preapproved for this card is to visit the Capital One website’s preapproval page.

WHY WE LIKE IT

For people with average credit, the Capital One Platinum Credit Card is a low-maintenance choice. Similar to the Capital One QuicksilverOne Cash Rewards Credit Card, you can apply online, find out your status, and, if accepted, you may be able to get a higher credit limit in as little as six months. Although it doesn’t have rewards like the other card, it also doesn’t have an annual fee.

AvantCard Credit Card

You can establish credit without requiring a security deposit with the AvantCard Credit Card. Your chances of being approved can be ascertained by using the cards pre-qualification procedure. Depending on eligibility, the credit limit on the card can be anywhere from $300 to $2,000, with the possibility of future credit line increases. It has an annual fee.

Blue Cash Everyday® Card from American Express

NOTE: The only way to get pre-qualified for this card is to visit the American Express website’s pre-qualification page.

WHY WE LIKE IT

The Blue Cash Everyday® Card from American Express offers a pre-qualification process, though youll need at least good credit to get this product (FICO scores of 690 and up). It earns 3% cash back at U.S. supermarkets (on up to $6,000 spent per year, then 1%); 3% back at U.S. gas stations (on up to $6,000 spent per year); 3% cash back on U.S. online retail purchases (on up to $6,000 spent per year); and 1% on all other purchases. It has a $0 annual fee. Terms apply (see rates and fees).

Capital One Venture Rewards Credit Card

NOTE: The only way to get preapproved for this card is to visit the Capital One website’s preapproval page.

WHY WE LIKE IT

Travel rewards with the Capital One Venture Rewards Credit Card are as easy as they come. With flexible redemption options, it earns a respectable 2 miles for every dollar spent. You can shop around for the best deal and redeem miles for statement credit against travel purchases like airfare, hotel stays, train tickets, car rentals, limousine services, bus tickets, cruise lines, taxi cabs, travel agency services, and timeshares because you’re not restricted to any one airline or hotel brand. Additionally, there is a $100 credit toward the application fee for TSA Precheck or Global Entry, as well as an initial sign-up bonus. To qualify for this card, you must have good credit, and there is an annual fee of $95

Apple Card

If owning the newest Apple device is important to you and you use Apple Pay frequently, the Apple Card offers good value. It makes 3 percent cash back on eligible Apple Pay purchases made at Apple and a few other carefully chosen retailers. All other purchases made using the card are made through Apple Pay, which yields a 2% cashback. Only 1% of your earnings are returned when you use the physical card. Instant gratification is another feature of the Apple Card, which is available when applying for approval and getting rewards. After being approved, you can use the card right away and redeem rewards almost immediately after obtaining them. There is no waiting period. Before you accept the offer and formally apply, a pre-qualification process lets you see your terms, including your credit limit and annual percentage rate. It has a No Fees* annual fee.

Venmo Credit Card

The Venmo Credit Card yields 3% cash back in your highest spending category for the month, based on an eight-option list, and 2% cash back in the subsequent highest spending category for the month (with the remaining seven options). All other purchases earn 1% back. Groceries, bills and utilities, health and beauty, gas, entertainment, dining and nightlife, transportation, and travel are among the categories that qualify for the higher cash-back rate. When you pay the bill, others can split purchases by scanning the QR code on the card, which is designed to work with Venmo. As a virtual version of the card is accessible through the Venmo app and can be added to compatible digital wallets, you can use it before it arrives in the mail. It has a $0 annual fee.

The distinction between “pre-qualification” and “preapproval” is less evident when discussing credit cards than it is when discussing installment loans like mortgages. The general distinction is:

• When you are pre-qualified, it means that a lender has looked over your financial records or credit history and decided that you have a good chance of getting approved when you apply for credit.
• A preapproval indicates that a lender has reviewed your credit report and given you the all clear. It usually indicates that once you formally apply for credit, you will be accepted.

However, credit card issuers sometimes use these terms interchangeably. Pre-qualification or preapproval for a credit card indicates that you are probably going to be approved by the issuer, but you won’t know for sure until you apply formally. Find out more about the distinction between pre-approval and pre-qualification for credit cards.

Your credit score is typically unaffected by pre-qualifying for a credit card. The card issuer looks at your credit during pre-qualification to determine your likelihood of approval; however, this is a “soft” check that has no bearing on your score. Your score may be lowered by the issuer conducting a “hard” check only when you apply for a card.

Pre-qualification is available for a majority of major credit card issuers for at least some of their cards. Refer to the table on this page for links and details regarding prerequisites.

If you apply for the card, pre-qualification should be viewed more as a “soft yes” than a guarantee that you will be accepted. The response you receive during the pre-qualification process is determined by data from your credit report. The issuer will consider additional factors, such as your income, when you apply. Although receiving a “yes” during pre-qualification is encouraging, there’s still a chance that your application will be rejected.

American Express offers pre-qualification for some of its cards. Your entire name, address, and the last four digits of your Social Security number must be provided. You can also give your income, but thats optional.

Chase offers pre-qualification for some of its cards. Your entire name, address, and the last four digits of your Social Security number must be provided.

Discover offers pre-qualification for some of its cards. Your complete name, address, birthdate, and Social Security number must be provided. You will also need to indicate if you are a student, if you have bank accounts, what kind of card you’re looking for, your income, and your housing situation.

Capital One offers pre-qualification for some of its cards. Your complete name, address, birthdate, and Social Security number must be provided, along with a note indicating the type of card you desire. Whats the difference between credit card pre-qualification and preapproval?.

The distinction between “pre-qualification” and “preapproval” is less evident when discussing credit cards than it is when discussing installment loans like mortgages. The.

distinction is:

• When you are pre-qualified, it means that a lender has looked over your financial records or credit history and decided that you have a good chance of getting approved when you apply for credit.
• A preapproval indicates that a lender has reviewed your credit report and given you the all clear. It usually indicates that once you formally apply for credit, you will be accepted.

However, credit card issuers sometimes use these terms interchangeably. Pre-qualification or preapproval for a credit card indicates that you are probably going to be approved by the issuer, but you won’t know for sure until you apply formally. Learn more about the.

Your credit score is typically unaffected by pre-qualifying for a credit card. The card issuer looks at your credit during pre-qualification to determine your likelihood of approval; however, this is a “soft” check that has no bearing on your score. Your score may be lowered by the issuer conducting a “hard” check only when you apply for a card. What credit cards can you pre-qualify for?.

Pre-qualification is available for a majority of major credit card issuers for at least some of their cards.

for links and information on what you need to pre-qualify. Does pre-qualifying for a credit card guarantee Ill be approved?.

If you apply for the card, pre-qualification should be viewed more as a “soft yes” than a guarantee that you will be accepted. The response you receive during the pre-qualification process is determined by data from your credit report. The issuer will consider additional factors, such as your income, when you apply. Although receiving a “yes” during pre-qualification is encouraging, there’s still a chance that your application will be rejected. Can I pre-qualify for American Express cards?.

American Express offers pre-qualification for some of its cards. Your entire name, address, and the last four digits of your Social Security number must be provided. You can also give your income, but thats optional. Can I pre-qualify for Chase credit cards?.

Chase offers pre-qualification for some of its cards. Your entire name, address, and the last four digits of your Social Security number must be provided. Can I pre-qualify for Discover credit cards?.

Discover offers pre-qualification for some of its cards. Your complete name, address, birthdate, and Social Security number must be provided. You will also need to indicate if you are a student, if you have bank accounts, what kind of card you’re looking for, your income, and your housing situation. Can I pre-qualify for Capital One credit cards?.

Capital One offers pre-qualification for some of its cards. Your complete name, address, birthdate, and Social Security number must be provided, along with a note indicating the type of card you desire.

Find the right credit card for you.

The best credit cards available allow you to do both—earn more rewards and pay less interest. Simply provide your answers to a few questions, and we’ll focus your search.

FAQ

How do I know what credit card I qualify for?

On the card issuer’s website, there might be a simple form that you can fill out. Frequently, these forms will request basic personal information from you, like your name, address, and the last four digits of your Social Security number. After entering the data, the issuer may present you with credit card offers.

Which card is easiest to get approved for?

Because the Discover it® Secured Credit Card is intended for individuals with low credit scores, it is our choice for the credit card that is easiest to apply for. It offers excellent cash back benefits, no annual fee, and a sign-up bonus for new cardholders.

What kind of credit score is needed to get a credit card?

You can probably get almost any credit card with a credit score of about 700, including ones with lower annual percentage rates (APRs), cash back rewards, and more.

Can I get a Discover card with a 600 credit score?

For the majority of Discover credit cards, a credit score of at least 700 is required. Certain Discover cards, like the Discover it® Secured Credit Card, are available to those with poor credit (less than 640), and there is no minimum credit score required to apply.

Read More :

https://www.nerdwallet.com/article/credit-cards/credit-cards-that-offer-preapproval-without-a-hard-pull
https://www.creditcards.com/cardmatch/