How can I check for Capital One Platinum Secured credit card pre-approval?

Question

Being pre-qualified for a credit card means the issuer has done a soft pull of your credit history and concluded that you are a good fit. It also means you have an 80%+ chance of acceptance if you decide to apply for the card in question. It’s very similar to … read full answer pre-approval in those regards. The main difference is who makes the first move. If a credit card company sends you an offer, it’s probably pre-approval. But if you check yourself, on an issuer’s website or by visiting a branch, it’s pre-qualification. However, the distinction is small enough that people often use the terms interchangeably.

Some issuers let you check of pre-qualification online, while others only send offers in the mail. And if you don’t want to get offers, you can opt not to receive them at OptOutPrescreen.com But prequalification can be a big help in choosing which card to apply for, since it helps you limit applications to your most likely options.

Here’s what getting pre-qualified for a credit card means for you:

American Express, Bank of America, Capital One, Chase, Citibank, and Discover all let you check for prequalification online. You’ll need to provide your full name and Social Security number. You may also have to provide your birthday and home address. You’ll then be shown which cards (if any) you prequalify for, along with an application link.

If you get a pre-approved offer in the mail, it will come with a code that you can use to respond to the offer on the credit card company’s website. But they’ll also send you a paper application that you can fill out and mail back if you prefer.

Whether you’re pre-approved or pre-qualified, you still need to apply, and you aren’t guaranteed acceptance. But you do have a very strong chance.

Getting pre-qualified for a credit card means you can apply knowing that you probably aren’t wasting a hard inquiry on a long shot. And if you sign up for WalletHub, you’ll get personalized credit analysis with card recommendations tailored to suit your circumstances as well.

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Answer 1 · 2021-08-09 09:50:40

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Karen Moroz, WalletHub Mortgage Analyst

@nycKaren • 08/09/21 This answer was first published on 05/26/20 and it was last updated on 08/09/21.For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.

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You can check for Capital One Platinum Secured credit card pre-approval online. Capital One has a pre-approval tool that allows potential applicants to gauge their approval odds before submitting an application. From the Capital One credit cards page, click the “See if You’re Pre-Qualified” link. Then, complete the electronic questionnaire and press the green “See If I’m Pre-Approved” button.

The pre-approval tool isn’t just for the Capital One Platinum Secured card, so the search results will turn up several Capital One cards for which you have high odds of approval. These results are based on the questionnaire and an initial credit review.

Here’s how pre-approval works:

You can apply for any of the pre-approved cards directly from the pre-approval page. There’s no guarantee you’ll be approved, but pre-approval indicates your chances are pretty high. The pre-approval process has no effect on your credit. But if you submit an application afterward, Capital One will need your permission to pull your full credit report. This “hard inquiry” will reduce your credit score by a few points, but only temporarily.

Answer 2 · 2020-06-04 05:19:55

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Michael Battle, WalletHub Credit Card Analyst

@mikebattle • 06/04/20 This answer was first published on 06/04/20. For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.

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You may, on occasion, receive a Capital One Platinum Secured credit card pre-approval offer in the mail. To apply, visit the Capital One Welcome Page and enter the Reservation Number and Access Code included in the pre-approval offer. This information lets Capital One know that the application should be flagged as pre-approved. You can also call the number in your pre-approval letter or fill out the paper application and mail it back to Capital One. Pre-approved mail offers are valid only for the specific card cited in the mailing. You cannot use them to apply for a different Capital One card.

How can I check for Capital One Platinum Secured credit card pre-approval?

Karen Moroz, WalletHub Mortgage Analyst

Here’s how pre-approval works:

Capital One Platinum Secured Credit Card

Michael Battle, WalletHub Credit Card Analyst

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