Preapproval is a process used by credit card issuers to offer new cards to potential customers. The preapproval process is typically initiated when an issuer sends out offers to select individuals who meet specific criteria, such as having a certain credit score or income level. If an individual meets the criteria and accepts the offer, they are typically given a preapproved status, meaning that they have been preliminarily approved by the issuer for a credit card. The Credit CARD Act of 2009 bans prescreened credit card offers to anyone under 21.

Terms A-Z

Stay On Top Of Industry Trends

By providing my email address, I agree to’s Privacy Policy