Is Being Pre-Approved for a Credit Card Just a Sales Tactic?
Congratulations! You’ve been pre-approved for the best credit card that UK lenders have to offer. All four of them. Or six of them. Or… how many offers was that in your post box this last week? If you return the applications to all the credit card offers you get in the post each month, you’d soon find yourself up to your elbows in plastic – assuming that you passed the final approval for the credit cards for which you applied. But wait – didn’t the envelope say that you are pre-approved? Doesn’t that mean that all you have to do is accept the credit card and they’ll send it to you? In a nutshell, no. In reality, you are being invited to apply for a credit card for which you meet preliminary conditions. Whether you actually qualify for the best credit card that’s offered through the mailing is another story – one that you’ll find in the fine print of the offer. Ah, yes, the fine print. That’s where you’ll find all the terms and conditions of the actual offer. These days, that offer ca
