When shopping for a new credit card, you want to get the best deal for your credit score and personal needs. There are cards for individuals with excellent credit, as well as cards for those who are working on rebuilding their credit. Some of the cards offer cash back, while others provide travel rewards. Instead of filling out multiple applications, which can result in a hard pull on your credit that can affect your credit score, you’ll want to check if you’re preapproved first. This process only results in a soft pull on your credit, so it won’t affect your credit score.
There are two methods companies use to offer a credit card preapproval. Credit card companies will either send a letter of preapproval in the mail with a special invitation code for you to enter on their website, or they’ll have a direct link on their site with a few fields for you to fill in. It is important to note that although you might receive preapproval, it’s not a guarantee that you’ll get approved for a credit card.
Top Companies That Offer Preapproved Cards
Take a look at some of the best preapproved credit card offers you might qualify for:
|Top Preapproved Credit Card Companies|
|Credit Card Company||Issues Preapproval Offers Online||Issues Preapproval Offers in the Mail||Required Credit Score|
|American Express||Yes||Yes||Good to Excellent|
|Bank of America||Yes||Yes||Excellent|
|Chase||Yes||Yes||Good to Excellent|
|Citibank||Yes||Yes||Good to Excellent|
|Credit One Bank||Yes||Yes||Poor|
|Wells Fargo||No||Yes||Poor to Excellent|
|Information accurate as of Aug. 30, 2018.|
The Best Prequalification Credit Cards
Once you know which banks have easy approval credit cards with the option to prequalify, you can begin looking at specific credit card offers. Below is a list of the top 10 cards that provide preapproval before requiring you to put in an application for credit card approval.
|The Top Prequalification Credit Cards|
|Card Name||Sends Preapproval Offers||Annual Fee||Best for…|
|American Express Everyday Blue Cash||Yes||$0||Families and frequent shoppers|
|Discover it Miles||Yes||$0||Travelers|
|Citi Simplicity||Yes||$0||Balance transfers|
|U.S. Bank Visa Platinum Card||Yes||$0||Balance transfers and cell phone protection|
|Barclaycard Ring MasterCard||Yes||$0||Foreign and international purchases|
|Bank of America Travel Rewards||Yes||$0||Travelers and established Bank of America customers|
|Discover it Student Cash Back||Yes||$0||Students|
|Chase Freedom Unlimited||Yes||$0||Shoppers and balance transfers|
|Capital One Platinum||Yes||$0||Those in need of a higher credit line, roadside assistance and extended warranty protection|
|Wells Fargo Secured Credit Card||Yes||$25||Building or rebuilding credit and foreign nationals|
|Information accurate as of Aug. 30, 2018.|
American Express Everyday Blue Cash
Not only does the American Express Everyday Blue Cash card offer $200 in a statement credit when you spend $1,000 over the course of the first three billing cycles, but it also provides 3 percent cash back on groceries, 2 percent on gas and 1 percent on all other purchases. The card even comes with payment flexibility by allowing cardholders to either carry a balance with interest or pay the balance in full.
Discover it Miles
Earn miles and redeem them for airfare, hotel stays and rental cars with the Discover it Miles card. Every purchase made with the card rewards you with 1.5 miles per dollar, and after the first year, Discover will match your accumulated miles. That means if you earned 25,000 miles at the end of year one, that figure will be doubled to 50,000.
If you’re looking to transfer a balance from a credit with a high APR, Citi Simplicity offers a 0% intro APR for 18 months. With this card, you won’t have to worry about late fees, penalty rates or annual fees, and you’ll get the chance to select the monthly payment date that works best for your finances.
U.S. Bank Visa Platinum Card
The U.S. Bank Visa Platinum Card comes with plenty of benefits including a 0% intro APR for 20 billing cycles, cell phone protection, fraud protection and AutoPay. If you choose to enroll in online banking, you’ll also get your TransUnion Credit Score at no cost.
Barclaycard Ring MasterCard
Individuals who make a lot of foreign and international purchases will love the Barclaycard Ring MasterCard. The card comes with an international chip and PIN for self-service terminals around the globe and users are never charged a fee for foreign or international transactions. As an added bonus, there’s a 0% intro APR for 12 months.
Click to see the best credit cards with no foreign transaction fees.
Bank of America Travel Rewards
The Bank of America Travel Rewards card comes with a 25,000 points bonus if you purchase $1,000 in merchandise the first 90 days of opening your account. In addition, cardholders will earn an unlimited 1.5 points per dollar on all purchases. If you’re a Bank of America checking or savings account holder, you’ll also be rewarded with 10 percent customer bonus points on all purchases. Bank of America Preferred Rewards customers will have their bonus increased to between 25 and 75 percent.
Discover it Student Cash Back
College students looking to establish credit can take advantage of the Discover it Student Cash Back card. Not only will Discover match all the cash back you’ve earned in your first year, but you’ll also get a $20 statement credit every year that your GPA is 3.0 or higher. Grocery, gas, restaurant and Amazon.com purchases earn 5 percent cash back, while all other purchases net you 1 percent cash back.
Chase Freedom Unlimited
Take advantage of the 0% APR for 15 months on balance transfers or use the Chase Freedom Unlimited to get rewarded for shopping. Every purchase earns 1.5 percent cash back and if you spend $500 during your first three billing cycles, Chase will give you a $150 bonus. Cash-back rewards never expire and there’s no minimum redemption amount, so you’ll have access to your earned cash at any time.
Read This: How Much Is Chase Worth?
Capital One Platinum
The Capital One Platinum card gives you the opportunity to earn a higher credit line after five months of timely payments. Customers will also benefit from the complimentary 24-hour roadside assistance, 24-hour travel services, travel accident insurance, auto rental insurance and extended warranty protection.
Wells Fargo Secured Credit Card
Individuals who have little to no credit, as well as foreign nationals, can use the Wells Fargo Secured Credit Card to establish and improve their credit scores. The amount of your security deposit is equal to your credit line and all card activity is reported to the major credit reporting agencies so that with responsible use, you’ll build a healthy credit history.
Credit Card Eligibility
To get approved for a credit card you’ll need to meet the eligibility requirements. Since each credit card company and specific card offer have different criteria for approval, filling out the company’s preapproval form is a great way to get started on finding the perfect credit card for you.
More on Credit Cards
- Ways to Make Money Using Credit Cards
- Best Rewards Credit Cards
- How to Travel the World for Practically Free Using Your Credit Card
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Editorial Note: This content is not provided or commissioned by the bank advertiser. Opinions expressed here are author’s alone, not those of the bank advertiser, and have not been reviewed, approved or otherwise endorsed by the bank advertiser. This site may be compensated through the bank advertiser Affiliate Program.