credit bureaus

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