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Credit Card Promotion Letters Offers Mailbox 3d

What’s The Difference Between Being Pre-Approved And Pre-Qualified For A Credit Card?

Have you ever received something that said you are “pre-approved” or “pre-qualified”  for a credit card? Banks frequently send out emails and direct mail pieces claiming that customers are “pre-approved” or “pre-qualified” for a credit card, but what do these terms actually mean? It turns out these terms are used interchangeably in the credit card industry. What