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
Hard Inquiry vs Soft Inquiry: How Credit Checks Really Affect Your Score You check your credit score on a quiet Sunday night, and a small worry creeps in: did just looking at it lower it? A week later, a lender’s application page mentions a credit check, and you wonder whether that one counts differently. Knowing … Read more
A credit card limit increase can help your credit score, hurt it slightly, or leave it unchanged. The outcome depends on two things: how your issuer checks your credit when you ask, and what you do with the extra credit once you have it. Here’s the short version: Hard inquiry: may cause a small, temporary … Read more
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