Why Being Pre-approved and Pre-qualified for Credit Cards Are Different, and What It Means for You.


If you’re in the market for a new credit card, it can be tempting to apply when you get a letter, email, or notification that says you’ve been pre-approved or pre-qualified. These offers make it sound like getting approved is almost a certainty. And if it’s a card or issuer you’re familiar with, it can be extra enticing. The two terms sound similar, but when you take a closer look, being pre-approved can be much different than being pre-qualified. Could that one word on the offer give you an additional reason to apply? Or should it make you stop and reconsider? Let’s take a look at both. Click here to read to full article featuring Dovly CEO, Nirit Rubenstein

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