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. If you are looking for a guaranteed instant approval credit card, a prepaid credit card is the best solution.
PRE-APPROVED/PREPAID CREDIT CARDS
The Mango(TM) MasterCard® Prepaid Card (Editor's Choice) |
  | - FREE MasterCard Prepaid Card & FREE Shipping
- FREE Instant Virtual Card – Shop Online Today
- FREE Direct Deposit + Get $20 Signup Bonus
- Earn High Savings Interest Rate!
- FREE Unlimited Purchase/ Signature Transactions
- FREE Check Your Balance With a Text Message
- Send and Receive Money Securely With Your Mobile Phone
- Refer friends and family and make money
- $0 Activation Fee
- $0 First Monthly Fee – Try it For FREE
- $0 Monthly Fee When You Load at Least $500 Per Month (Otherwise Only $5!)
- No Hidden Fees / No Overdraft Fees
- Fully FDIC Insured
- o Credit Check/ No Bank Account Required
- FREE Account Management – Over The Phone or Online
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Green Dot® Prepaid MasterCard® |
 | - FREE $0 Activation Online –with NO credit check!
- FREE Cash withdrawals at over 15,000 participating ATMs
- FREE Online Bill Pay & Direct Deposit
- NO Monthly fee for any month with at least 30 purchases
- NO Transaction fees on US purchases
- NO Overdraft or penalty fees
- NO Minimum balance required
- GET $10 with Direct Deposit (see site for restrictions)
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Upside Visa® Debt-free Prepaid Card |
 | - The power of a bank account in 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 $2.99 otherwise).
- Free Direct Deposit from employers or government benefits providers
- 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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NetspendŽ VisaŽ Prepaid Debit Card |
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- 100% approval - No credit check required
- Make purchases anywhere Visa Debit is accepted
- Borrow Money and Build Credit with iAdvance line of credit
- No Overdraft Fees or Minimum Balances
- Free Direct Deposit
- EXCLUSIVE - 5% APY Savings Account
- Online Bill Pay - Easily send a check to Anyone
- Add up to $10K to your account in over 65,000 locations
- As seen on TV and in stores nationwide
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Baby Phat Prepaid Visa® RushCard |
 | - Show your style with the BabyPhat RushCard
- Guaranteed approval*
- No Credit Check
- FREE Direct Deposit
- No Overdraft Fees/ No Check Fees/ No Interest Fees
- Free Credit Builder
- 56% of cardholders save over $300/ year using the RushCard
- Make money with our Refer A Friend Program
- Reloadable with a $10,000 maximum balance
- Free Email/ SMS Alerts
- Card to Card transfers between RushCard Members
- Free Prescription Discount Card from RushCard – Save up to 85% on prescriptions
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Green Dot® Gold Prepaid Visa Card |
 | - FREE $0 Activation Online –with NO credit check!
- FREE Cash withdrawals at over 15,000 participating ATMs
- FREE Online Bill Pay & Direct Deposit
- NO Monthly fee for any month with at least 30 purchases
- NO Transaction fees on US purchases
- NO Overdraft or penalty fees
- NO Minimum balance required
- GET $10 with Direct Deposit (see site for restrictions)
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READYdebit® Card |
 | - 100% Approval Guaranteed!* – No Chexsystems or credit checks, bankruptcy okay!
- Now with FREE Credit Builder!
- Better than a checking account – Great online bill pay service with no overdraft, bounced check fees – EVER!
- Pay Nothing Now! – No deposits or prepayments required to get your card.
- FREE Direct Deposit! – stop paying to cash your paycheck.
- FREE phone and online access to your card account!
- No declined transaction fees!
- Great Loading Options – FREE direct deposit and bank account transfers, 60,000+ Green Dot and ReadyLink cash load locations.
- Safer than cash - All deposits FDIC insured; purchases covered by Visa Zero Fraud Liability protection.
- Cheaper than credit – no late fees, no over limit fees, no interest charges – EVER!
- * Subject to I.D. Verification.
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AccountNow Prepaid Visa® Card |
 | - 100% Guaranteed Approval*
- $0 Activation Fee
- $25 Cash Bonus when you use direct deposit
- New iAdvance(SM) loan option
- No Overdraft Fees and no Minimum Balance
- Free Credit Builder
- Free Bill Pay
- Free Direct Deposit
- No Credit Check – for prepaid card only
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Prepaid Visa® Purple Diamond RushCard |
 | - FREE Direct Deposit
- FREE live customer service 24/7
- FREE text alerts and phone balance inquiries
- FREE optional credit building history
- FREE online money management tools
- Pay bills and shop online
- Easy to use - the convenience of plastic WITHOUT THE DEBT
- NO Credit Check
- STOP Paying check cashing, overdraft, interest fees
- Card to Card transfers between RushCard Members
- Free Prescription Discount Card from RushCard – Save up to 85% on prescriptions
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AccountNow™ Prepaid MasterCard® |
 | - 100% Guaranteed Approval*
- $0 Activation Fee
- $25 Cash Bonus when you use direct deposit
- New iAdvance(SM) loan option
- No Overdraft Fees and no Minimum Balance
- Free Credit Builder
- Free Bill Pay
- Free Direct Deposit
- No Credit Check – for prepaid card only
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