why was my credit card application denied?

Question

my credit is not very good, around 570. However, I was sent a pre approval letter from first access. I was denied. Why did they deny me after sending me a pre approval

Answer 1

They can not run a full back round check on you until you accept the offer; Once they could run the full check they said "HELL NO!"

Answer 2

The letter you received when denied should tell you the reason why. Read it.

Answer 3

Read the "preapproval letter" more carefully. It says something like you're preapproved if you meet our requirements. At 570, you don't. If they turned you down, you will get a letter from them saying why.

Answer 4

Because your credit was not very good. Being pre-approved makes no difference. They would still deny you for the same reasons as if you were not pre-approved.

Answer 5

Because they are *ssholes.

Answer 6

Your credit score is classified as BAD. Not good. Not okay. Bad. https://wallethub.com/credit-score-range/570-credi...

Pre-approval letters mean nothing. They send them to people who have a pulse (and many that don't). It's really nothing more than an advertisement.

Answer 7

A pre-approval letter is just a notice you may meet the minimum requirements. An advertising ploy. They have to by law send you a reason why letter in the mail. That will answer this question

Answer 8

This isn't that uncommon. The pre approval doesn't mean you are actually approved, they can change their mind any time they want. I guess you credit dropped a bit due to something

Answer 9

They send those "pre-approval" letters to everyone. It's simply a marketing ploy to get you to sign up, assuming your credit is good. Yours is NOT good, therefore you don't get one of the cards. You were NOT actually pre-approved. Don't be so gullible.

Answer 10

You should call them up and ask