12684242, pre-approvals are hella shaky at best Posted by deejboram, Wed Dec-24-14 06:32 PM
i used to design algorithms to make up mailing list for credit card companies to send them "pre-approval" letters to
basically i would say anyone with no late payments or deliquent accts in the previous 36 months would get a "pre-approval" letter
from those ppl, like 80% of the respondents would go on to "full approval" the other 20% would be declined for various reasons
it costs credit card companies less than a dollar to get you to apply for that "pre-approved" card but they will make >$100 within the next 12 months off you if you're approved
so the money is in it for them to keep pluggin everybody they can with them offers
|