Credit Cards: Pre-qualified

People are aware that building up credit involves hard work and investment, such as buying tradelines that improve the credit score of an individual. So in order to keep themselves safe from the hassle, people choose the next best and feasible option that involves pre-approved credit cards.

Overall, people would like to pick those companies and specifically those credit cards that do not incur a hard inquiry on their credit line. One of the primary reasons consists of preventing the generation of a credit report issued by the three major credit bureaus that stays intact for two years. Stopping this from happening would not bring damage to the credit of those people that have a poor credit score.

Keeping in view of their credit situation, people would only like to go for a soft pull on their credit score. Going through this process, the customer's credit would not be hurt, and the companies issuing credit cards would get sufficient information to evaluate the creditworthiness of the individuals and see if they are fit to prequalify for the card.

Pre-approval for credit cards allows credit card companies to carry out a preliminary assessment on the customers. This is done to segregate those customers that are a perfect match for the company as their credit score aligns with the credit cards that the firm has to offer. It is a precautionary measure to ensure that customers respect the card and pay its due in a timely manner.

The pre-approval process also brings in some perks for the consumers as they would look for those credit card offers that do not involve a through credit checking. In this way, the customers make sure that the company does not inflict any damage to their credit score.