Eager to get a credit card but worried you might get rejected after applying? Want to take advantage of special rewards a certain credit card provides? Consider applying for a card you’ve already been “preapproved” for. Preapproval means that the credit card issuer has already screened and fast-tracked you for ultimately getting approved.
But obtaining a preapproved credit card has its pluses and minuses. Learn more about these benefits and drawbacks, worthy candidates for getting preapproved, and what happens if you are preapproved but ultimately rejected for the card.
Get educated on this topic by reading my newest piece for Credit Sesame, available
here.
