
Before we begin, here’s a quick activity – Take a closer look at your mail inbox. We’re sure that you would have a couple of unopened emails (or even a dozen) stating that you’re “prescreened,” “pre-qualified,” or “pre-approved” for a credit card.
You probably receive these emails at least a few times a week. Have you ever wondered where these offers come from and why you’re chosen? Not sure if you should look more into these offers? Or should you outright chuck them to the trash bin?
This guide helps you understand the pros and cons of a prescreened credit card offer. Continue reading so that you can make the right decision the next time you come across a similar offer.
What is a prescreened credit card offer?
Sometimes, banks and other credit card agencies request databases of customers with a good credit score from credit bureaus. These databases …