When applying for a credit card, it is hard to know if you will end up with a rejection. That’s why you may want to know if you are already prequalified for the card you are applying for.
The bigger financial institutions may allow you to check the cards you are pre-qualified for by entering your personal information online. This will include your name, address, and social security number. The lender will then mail you information on the cards for which you are pre-qualified.
What Does It Mean To Be Pre-Qualified For A Wells Fargo Credit Card?
The full meaning of being pre-qualified for a Wells Fargo credit card will come to you at the time of making an application. After all, applying for a fresh card may not be as good as signing up for a pre-approved one. Pre-approved cards generally come with better deals.
Before they pre-qualify you, the bank goes to the credit bureau to get information about you. This is usually in the form of a soft inquiry, which has no impact on your credit score. Although it will appear in your credit report, it is completely harmless.
The bank may also come up with a pre-qualified list by paying for lists of potential clients from the credit bureaus. They may ask for lists from the bureaus based on certain criteria. The lenders will then put you on the pre-qualified list and send you mail to that effect.
If you are on any of the Wells Fargo pre-qualified lists, you will receive notification through the mail. It will, therefore, be unnecessary to check online or otherwise.
Being pre-qualified doesn’t mean you start smiling about it. While it will give you a head start when you finally make the application, it doesn’t mean you will get the card. After assessing your full credit report, the bank could end up rejecting your application.
The same applies to those who aren’t lucky enough to be pre-qualified. It is likely that an assessment of the full credit report will bring out more information to enable you to qualify for the card. So don’t fret.
How to Check If You’re Pre-qualified for a Wells Fargo Credit Card?
If you are interested in how to check if you’re pre-qualified for a Wells Fargo credit card, you are at the right place. Unlike other companies where you can request for the offers you are pre-qualified for, Wells Fargo offers no such option. The only thing you can do is apply for your card straight away.
However, existing members of the bank could have an exception. For such, all they need to do is sign into their online account, click the “Products & Offers” option, and see if there are any prevailing pre-qualifications specifically for them.
You could have received a pre-qualification offer in the mail. Where that’s true, you may respond through the Wells Fargo credit cards page ( Click on ‘Respond to an offer‘). You will enter the last four digits of your social security number and the reservation number, before accessing your Wells Fargo credit card offers.