![]() ![]() Unlike preapproved credit card offers, these are simply advertisements. ![]() If you previously opted out, you’ll need to opt back in before receiving preapproved credit card offers.Ĭredit card issuers or websites may also send invitations to apply for a credit card. You also have the right to opt out of preapproved credit offers. If you receive an offer, it might have an offer code that you can add to your application to receive the promotional offers that will come with the preapproval. ![]() You’ll have to wait for Bank of America to send you a preapproved credit card offer. How to secure your preapproval for a Bank of America credit card If you’re preapproved for a credit card, you will likely get approved if you apply unless there’s a change in the criteria that qualified you in the first place. Or, the credit bureau could look through its credit files for matches. In either case, the card issuer can then contact those on the resulting list to let them know they have been preapproved for their credit card. The card issuer might send the bureau a list of people, such as its current customers, and ask the bureau to screen the list for matches. The preapproval process typically starts when a credit card issuer works with a credit bureau to find candidates for their credit card based on predetermined criteria, such as a minimum credit score and specific geographic regions. What does credit card preapproval mean and how does it work?Ī credit card preapproval is when a credit card issuer extends you a firm offer of credit. In just a few minutes, you can find out whether you’ll likely get approved for a card without affecting your credit scores. If you’re considering applying for a new Bank of America credit card, starting with a preapproval or pre-qualification might be a good idea. ![]()
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