Credit 101: Pre-Qualified vs Pre-Approved Credit Cards—What’s the Difference?

Описание: Being pre-qualified for a credit card and pre-approved for a credit card are not the same thing. This video by Credit One Bank, part of the Credit 101 series, explains the difference between the two. It covers who initiates the process, what type of credit check is done (a hard inquiry or soft inquiry), how each affects your credit score, and how a pre-qualified versus a pre-approved credit card offer affects your chances of getting a credit card.

Learn more about being Pre-Qualified or Pre-Approved for credit cards at http://credit.one/KyQU50DsTms on Credit One Central, your online resource for all things credit.