pc andrews <paperdoll198>
What is the difference between pre-approved, pre-qualified, or pre-selected for credit card offers?
I get offers in the mail that say "pre-qualified" or "pre-selected" but is that the same as "pre-approved?"
Anytime I've ever applied for a "pre-approved" credit card, I've been accepted. I had never heard of "pre-qualified" or "pre-selected" until the last year or so, and I wanted to know what the difference was, since the applications all look the same to me. Sometimes I'll get several of them a month.