![]() Pre-qualified might also mean your credit score simply falls into a selected range. For pre-approval, the issuer may also check information contained in your credit report. For example, some card issuers may use only the information you provide when considering whether you’re pre-qualified. In some cases, pre-qualified has less strict criteria, while pre-approved may mean you’ve been screened more carefully. Some credit card issuers use pre-qualified and pre-approved interchangeably, but they are not always the same thing. After reviewing your credit score and report, along with evaluating your income, expenses and other information, the credit card issuer will make the final decision on whether you qualify for the card, and the credit limit you might have. ![]() You’ll still have to submit an application, and the credit card company will then do what’s known as a hard credit inquiry, or “hard pull,” of your credit report. Pre-approved means that the credit card issuer believes you’re likely to be approved, but approval is not guaranteed. How do pre-approved credit card offers work? If you continue to meet the issuer’s credit standards and have sufficient income when you apply, among other requirements, your chances of getting approved could be higher (but are not guaranteed). ![]() When you receive pre-approved credit card offers, it typically means the card issuer has determined that you meet certain criteria after they run a soft credit check, which does not impact your credit. pre-qualified, and how the prescreening process works. When you’re looking for your next credit card, consider what it means to be pre-approved vs. Both pre-approved and pre-qualified refer to a screening process that checks whether you’re likely to be approved when you apply for a credit card. If you receive pre-approved or pre-qualified offers for credit cards you may think it means you’re automatically approved.
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