LOOKING FOR PRE-APPROVED CREDIT CARDS?
Pre-approval is based upon known credit or data supplied when applying for a credit card. An offer for a pre-approved credit card may be subject to a credit report review to ensure no changes have occurred which may void the preapproved credit card offer.
Creditors evaluate risks. If you now have bad credit or bankruptcy, it's unlikely to be approved for high credit limit, reward or rebate unsecured credit cards. For people with bad credit we recommend bad credit credit cards or secured credit cards.
Typical areas issuers review when offering a pre-approved credit card:
- Your known past credit history
- The requirements for credit card approval
- Similar credit cards already in use
- Balances of existing credit cards
- Income to debt ratio
- The possibility you may react to the pre-approved offer
Credit card issuers seek new customers. For example; a card issuer may request one of the credit bureaus (Equifax, Experian, or Trans Union), for a list of consumers whose credit reports meet the card issuer's qualifications. The bank may send a list of consumers obtained elsewhere (e.g. from a marketing database company) and have the bureau return a matching subgroup for the "Pre-approved" offers.
If you have a copy of your credit report, you may see inquiries that are designated as "promotional." This means that your file was checked for a "pre-approved" list, although it does not necessarily mean that you qualify to receive an offer. Since this type of inquiry was not initiated by you, it is not seen by other prospective creditors to whom you might apply, and it will not reduce your FICO credit score.
When the application is submitted, it goes to a processing center where the data is entered into a computer system which then does a credit check. This is to determine if anything in the consumer's credit file has changed for the worse since the original sweep, and the qualification criteria may be higher. This credit check (not the original one) is used for final approval or rejection of the application. Sometimes small changes in the consumer's file (like total available credit or balance-to-limit ratio) since the pre-screening can result in a rejection. Final approval is also dependent on your application information (income, etc), so if this is insufficient you may be declined.
In short, a "pre-approved credit card" offer is not always a guaranteed, instant approval.
PRE-APPROVED/PREPAID DEBIT CARDS
BuyRIGHT Prepaid MasterCard® (Editor's Choice) |
  | - New - Choose your card design at no extra cost
- Guaranteed Rewards - you can pick iTunes, RedBox, Cash, Starbucks and More
- Special Reload Offer - Receive a Credit of the Green Dot MoneyPak® fee the first time you try it.*
- Free Direct Deposit, Online bill pay, Earn rewards.
- No credit check, No bounced check fees, No overdraft fees - Ever
- Travel, rent cars, reserve hotels, shop online safely.
- Unbelievable customer service.
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Pink ACE Elite(TM) Visa® Prepaid Card |
 | - As an official sponsor of the National Breast Cancer Foundation, purchases from the ACE Elite Card have contributed to over $2 million towards breast cancer awareness and detection.
- Free Direct Deposit - paychecks are available up to two days faster*
- Direct Depositing $500 in one calendar month qualifies you for a $10 Purchase Cushion & our lowest fee plan*
- No credit check, No application fee, No obligation*
- Secure: Card funds are FDIC insured, backed by Visa® Zero Liability*
|
mPowerTM Visa® Prepaid Card |
 |
- Fast, easy application – No Credit Checks
- $10 Cash Bonus, Activation & Monthly Fees refunded when you use Free Direct Deposit
- Quick and Safe Access to your Money
- Easy Online Bill Pay
- No Minimum Balance
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Western Union® MoneyWise™ Prepaid MasterCard® |
 | - No monthly maintenance or purchase transaction fees.
- No overdraft or late payment fees.
- No bank account or credit check required.
- Free to activate your card online.
- Free payroll direct deposit.
- Receive a Western Union Money Transfer® transaction onto your card.
- Fund your card at any of the Western Union® US Agent Locations
- Use anywhere Debit MasterCard is accepted, including online and at ATMs.
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Walmart MoneyCardSM MasterCard® Prepaid Card |
 | - No issuance fee online
- No credit check or bank account required
- No overdraft fees
- No minimum balance required
- Free Direct Deposit
- $10 bonus with qualifying Direct Deposit (for a limited time only)
- Use everywhere MasterCard debit is accepted, including shop online, pay bills, get cash at ATMs
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UPside Visa® Prepaid Card |
 | - Similar to a checking account with a Visa prepaid card
- Save up to $220 compared with other cards, the first year alone
- 100% approval with no credit check and no activation fee
- $0.99 monthly fee if $500 is loaded each month. (Only $4.95 otherwise)
- Free Direct Deposit from employers or deposit cash at 50,000 retailers
- Write personal checks online: easy to pay rent or other bills
- Earn 1,500 cash back reward points for you first direct deposit load
- Optional companion card available, as if you had a joint checking
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Prepaid Visa® Pink Diamond RushCard |
 | - 100% Guaranteed Approval* - No Credit Check
- Free Direct Deposit - sign up now and have a safe place to put your tax refund
- Only card that lets you change your fee plan whenever you want to
- Free prescription discount card
- Easy Bill Pay - pay bills, rent, or write personal checks
- Card to card transfers
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ACE EliteTM Visa® Prepaid Card |
 | - A card with benefits that matter to you
- No credit check, No application fee, No obligation
- No-Fee Cash Withdrawals at ACE locations*
- Free Direct Deposit - Get paid up to 2 days faster, don't stand in line or pay check cashing fees*
- Free Anytime AlertsTM - Get your balance and transactions via text or email*
- Free Savings Account - Receive 5.00% APY*
- Secure: Card funds are FDIC insured, backed by Visa Zero Liability*
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Walmart MoneyCardSM Visa® Prepaid Card |
 | - No issuance fee online
- No credit check or bank account required
- No overdraft fees
- No minimum balance required
- Free Direct Deposit
- $10 bonus with qualifying Direct Deposit (for a limited time only)
- Use everywhere Visa debit is accepted, including shop online, pay bills, get cash at ATMs
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American Express® Prepaid Card |
 | - The benefits of Cardmembership start here!
- No Monthly, Annual or Purchase Fees
- No Overdraft, Inactivity or Foreign Exchange Fees
- Purchase Protection*
- Fraud Protection
- Roadside Assistance*
- No Credit Check
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