What does it mean to get a credit card pre-approval?

Getting a credit card pre-approval can be nice if you’re in the market for a new credit card, especially if the card comes with a special welcome offer. But you shouldn’t think that a pre-approval guarantees that a card issuer will give you a credit card in your name. Here's what it really means when you receive a pre-approved credit card offer.

Which card issuers offer preapproval?

Most major card issuers in the U.S. offer preapproval for at least some of the cards in their lineups. Each issuer requires different information from the applicant, ranging from name and email address to income and housing status. Find cards from the following issuers in our lists below:

What is preapproval & prequalification?

Preapproval or pre-qualification allows you to shop among card issuers without affecting credit score. Sometimes the card issuer may even share your potential credit limit and APR. Keep in mind preapproval offers are not final. If you miss the preapproval window or your financial situation changes, the card issuer may deny your formal application.

Does pre-approval affect credit score?

When you apply for pre-approval on a credit card, the card issuer will perform a soft inquiry. This will not have any impact on your credit score. However, if you decide to apply for the card, a hard inquiry will be done and your credit score may go down temporarily. What is the easiest card to get approved?