I don’t know about anyone else, but I’ve received many pre-approved credit limit increases over the years on credit cards, and my credit has never been pulled for any of them.pickles02 wrote: ↑Nov 8th, 2017 6:57 pmI think most people fail to understand that pre-approval means exactly what it says: pre ( suffix means before) approval. "Before the approval", in other words. This is not "approval" at all.
It reminds me of the time I was shopping at Zellers for an easy chair. "Is this chair leather?" I asked the clerk. "Yes", he replied. "It's faux leather".
Who knew that we'd need a classical education to avoid clever traps set by bankers and advertisers!
Same scenario really.
If it’s not really a pre-approval, meaning a credit pull is required, then the lender sending the offer should present it as pre-qualified, not pre-approved.