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What preapproved and prequalified credit card offers really mean
It can be exciting to find out that you’ve received a credit card offer. Usually these letters, emails, or website notices state that you’ve been “preapproved”, “prequalified”, or “pre-selected”. But, these prequalification and preapproval messages do not always mean that you’re actually approved for the credit card. They are “prescreened” offers and they’re usually accompanied by a disclaimer very similar to the one below that Citi provides with its “pre-selected” offers. “The offered credit may not be extended if, after you respond to this offer, we determine that you do not meet the criteria used to …