Pre-Qualified Offer
GeneralGlossary term
Definition
A credit card offer based on a soft credit inquiry that doesn't affect credit score. Not a guarantee of approval, which requires a hard inquiry and full application.
Related terms
- Soft InquiryA credit check that does not affect your credit score, typically occurring when you check your own credit or when a company pre-approves you for an offer. Soft inquiries also happen during background checks and when existing creditors review your account. Unlike hard inquiries, soft inquiries are only visible to you on your credit report.
- Credit ScoreA numerical representation (typically 300-850) of your creditworthiness based on your credit history. Higher scores indicate lower credit risk and can lead to better loan terms.
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