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Credit Card Pre-Qualification vs Pre-Approval: Why the Difference Matters

Person comparing credit card prequalification and pre-approval offers on a laptop before applying

Credit Card Pre-Qualification vs Pre-Approval: Why the Difference Matters A letter arrives saying “You’re pre-approved!” A week later, an issuer’s website says you’re “prequalified” for a different card. Credit card prequalification and pre-approval sound like the same good news, and both make it tempting to click “apply” right away. But do they mean the same … Read more

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