Where To Get a Pre Approved Visa Card

For just about anything you want to get off your chest about credit cards.
5 posts
juggernutB
Green Member
Green Member
 
Posts: 4
Joined: Mon Oct 21, 2013 11:20 am
Location: CA

Where To Get a Pre Approved Visa Card

Postby juggernutB » Mon Oct 21, 2013 11:35 am

Does Visa send out pre-approved applications regularly because lately all of the offers I have gotten in the mail are for Mastercard.

I have nothing against Mastercard but right now I already have 3 of them. I want to diversify my credit history by having different companies instead of so many being the same. Ideally my goal is to have multiple accounts from all of the big 4 CC companies.

Since I might need to apply for a new credit card in order to get a 0% deal I figure i might as well go something different. But if at all possible, I wish they would send me a pre approved Visa in the mail because this is a time where I wouldn't put it in the shredder for once!


Obi-dan
Centurion Member
Centurion Member
 
Posts: 190
Joined: Fri Aug 02, 2013 2:35 pm
Location: Houston, TX

Postby Obi-dan » Mon Oct 21, 2013 3:00 pm

VISA and MasterCard don't extend you credit. They are just the network providers to the lender. The lender will either let you decide or decide for you which network they will use. I would decide what card I wanted to apply for and then see if is VISA or MasterCard. There are good posts on here that talk about the benefits of each network.
Cards:
Chase Sapphire Preferred
Marriott Rewards
Citi Hilton
Barclay Arrival
AMEX BCE (member since 95)
Chase Freedom
Discover It
Wells Fargo Platinum
Barclaycard (Apple)
Local Credit Union Visa (buy local!)


FICO Scores:
TU: 824 (Aug 2014)
Experian: 789 (Aug 2014)
Equifax: 807 (Aug 2014)

juggernutB
Green Member
Green Member
 
Posts: 4
Joined: Mon Oct 21, 2013 11:20 am
Location: CA

Postby juggernutB » Mon Oct 21, 2013 5:08 pm

Really. You are saying the lender, you are talking about the bank right?

There are plenty of Visa credit cards on here that I liked but I am not 100% confident in my ability of getting approved. That is why I wanted a pre approved invitation. My credit score is either in the high 600's or low 700's. It's not something i check regularly but that's what it was last time.

Which do you like better between Visa and Mastercard?

Obi-dan
Centurion Member
Centurion Member
 
Posts: 190
Joined: Fri Aug 02, 2013 2:35 pm
Location: Houston, TX

Postby Obi-dan » Mon Oct 21, 2013 6:03 pm

Yeah, the lender would be the bank, credit union, finance company or whoever is actually extending the credit. So for example if you buy an Apple product and do their financing Apple takes the info, Barclay USA actually lends you the money, VISA will handle the transactions when you swipe the card.

The lender will actually make the credit decision.

I don't have a preference between VISA or MasterCard and IMHO I don't think it will matter for what you are wanting. The better question is what bank do you want handling your business. Chase is known for their customer service.I would look through the site and get reviews on cards and see which one you want to apply for.

Here are some reviews written on this site in terms of VISA vs MC services

http://creditcardforum.com/blog/mastercard-concierge-service-review/

http://creditcardforum.com/visa-mastercard/620-visa-signature-benefits.html

These links might help you understand how the networks work:

http://creditcardforum.com/visa-mastercard/27-history-mastercard-credit-cards.html

http://creditcardforum.com/visa-mastercard/26-history-visa-credit-cards.html
Cards:
Chase Sapphire Preferred
Marriott Rewards
Citi Hilton
Barclay Arrival
AMEX BCE (member since 95)
Chase Freedom
Discover It
Wells Fargo Platinum
Barclaycard (Apple)
Local Credit Union Visa (buy local!)


FICO Scores:
TU: 824 (Aug 2014)
Experian: 789 (Aug 2014)
Equifax: 807 (Aug 2014)

takeshi
Centurion Member
Centurion Member
 
Posts: 1741
Joined: Wed Jun 05, 2013 3:12 pm
Location: US

Postby takeshi » Tue Oct 22, 2013 8:13 am

juggernutB wrote:Which do you like better between Visa and Mastercard?

The specific card generally matters more than the processing network. Visa and MasterCard's benefits can and do vary a bit but, again, you'd have to specifically compare the cards you're considering. Don't just rely on the preferences of others.

As for preapprovals, if you sit around waiting you'll severely limit your options. Don't apply based on a card company's marketing. Select cards that suit you.



Return to “General Credit Card Talk”

Who is online

Users browsing this forum: No registered users and 2 guests