Credit Card that Gives Pre Approval
Below are some of the best credit cards that offer pre-approval;
Chase Freedom Unlimited
A user of this card can earn additional cashback on every purchase in the first year adding up to $20,0000. That is, he gets a cashback of $300. The card’s Annual Percentage Rate is from 15.24% to 23.99% variable. The intro purchase annual percentage rate for 15 months is 0%. This card is highly recommended as different benefits can be enjoyed.
Users of this card are privileged to get a cashback of 5% on travel purchases made through their reward program “Chase Ultimate Reward”. Users will be able to redeem rewards for gift cards, cash back, travel, and many others, through the program. For purchases at restaurants, and drugstores, there is a 3% cashback, and 1.5% on any other purchases. The card has a $0 annual fee.
Discover it
There are no maximum rewards or minimum spending. All cashback earned by users at the end of the first year is automatically matched by Discover. The card’s Annual Percentage Rate is between 12.74% and 23.745 variable, while the intro purchase APR is 0% for 15 months. The card is good and recommendable.
American Express (Blue Cash every day)
Within the first 6 months of getting this card, users get a $200 statement credit after spending $2,000 using the card. The card’s Annual Percentage Rate is between 14.74% and 24.74%variable. Its intro purchase annual percentage rate is 0% on purchases for 15 months. The card is good and can be recommended.
For purchases at U.S supermarkets, there is a 3% cashback. Then in a year purchase of up to $6,000, there is a cashback of 1%, with a $0 annual fee. For foreign transactions, there is a 2.7% fee per transaction after a currency has been converted to the U.S dollar.
Bank of America Credit Card
In the first 90 days of opening an account, users get a statement credit online bonus of $100 after making not less than $1,000 in purchases. The Annual Percentage Rate of the card on balance transfers and purchases is between 13.74% and 23.74% variable, while its intro purchase APR is 0% for 18 billing cycles. It is an excellent card and can be recommended. The annual fee of the Bank of America credit card is $0 and it does not have any reward rate.
Capital One
Capital has different types of credit cards that offers pre approve. They are;
Platinum Secured Credit Card: For persons rebuilding their credit or people without a credit history, the capital one secured card is a good card for them. A certain amount can be deposited upfront by borrowers which will later turn into their credit line. The card’s Annual Percentage Rate is 26.99% and it has a $0 annual fee.
Platinum Credit Card: This card is made for borrowers with fair credit scores. No deposit is required for this, but the requirements for approval are low. The card’s Annual Percentage Rate is 26.99% and it has no annual fee. This card does not give any reward or sign-up bonuses.
QuicksilverOne Cash Rewards Credit Card: This card is known for borrowers with fair credit. New users of this card enjoy an unlimited cashback of 1.5% on all purchases. Users can cover purchases, redeem for cash with their cash back, they can also exchange gift cards for cashback.
Petal Visa Credit Card
This card is good for helping users build their credit. Users without credit history may qualify, and they might be eligible to get a credit limit within the range of $300 and $10,000. Users of this card after 12 quick monthly payment gets a cashback of up to 1.5% and a 1% cash back on eligible purchase. The Annual Percentage Rate of the card is between 13.24% and 27.24% variable, and the card’s annual fee is $0.
Conclusion
A person searching for a credit card that offers preapproval would probably have an idea of what he wants in a card. Since there are different rewards, APRs, and cashback, there should be a card that would suit the person’s needs looking at the list of cards that offers pre-approval that has been mentioned above.
Can a pre-approved credit card hurt my credit?
An offer of a pre-approved credit card does not have any effect on users’ credit scores. To determine a person’s eligibility, a “soft pull” is placed on the user’s credit report.
Can I apply for a credit card twice or more?
A person can apply for a credit card more than once, but credit score can be affected negatively by multiple card inquiries and may allow future creditors to deny acceptance in the future.
