Best credit cards that offer preapproval for January 2022
Some credit card lenders have tossed a "preapproved" credit card offer in the mail before, although it's still legitimate offers, though. Credit card holders send a lot of these offers to people they've identified as good potential customers, either by -- that means accessing a limited portion of your credit history without impacting your credit score -- or by purchasing a mailing list from one of the three credit bureaus.
If you haven't received one of these offers, it's fair to assume that your credit rating and financial standing are stable enough to be approved, although this may not be the case every time. Here are our recommendations of partner offers for the best credit cards that offer preapproval.
Chase Freedom Unlimited
You may receive up to $300 for your cash back first year, but you can get a generous welcome bonus for your first year, and a higher percentage of your cash back is possible.
If you've opened five new credit cards in the last 24 months, keep in mind that may have a special 5/24 rule for applicants.
Discover it Cash Back
If you miss a payment, the Discover it Cash Back* credit card will have no annual fee and minimal additional fees, especially if you accidentally forget to pay your statement balance.
Capital One Venture Rewards Credit Card
When you exchange points or miles, the Capital One Venture Rewards Credit Card* offers all of these -- and if you're approved, you could earn 60,000 miles after spending $3,000 in your first three months of membership.
With every purchase, you'll earn miles and have the option to transfer your miles to over 15 travel loyalty programs to redeem for hotel stays or flights.
American Express has purchased a Blue Cash Everyday Card.
American Express recommends that applicants receive good to excellent credit. The Blue Cash Everyday Card is a decent card for those looking for an Amex card with no annual fee, but it offers lackluster rewards than other American Express cards.
Some benefits and offers from American Express are subject to change depending on the circumstances. Visit americanexpress.com to learn more.
Credit card issued by BankAmericard
The BankAmericard credit card* does not offer perks and rewards commonly found with other cards, but its standout feature is its long-term benefit -- 0% introductory APR for 18 billing cycles on purchases and any balance transfers made in the first 60 days (12.99% to 22.99% variable APR thereafter).
Capital One Platinum Secured Credit Card
Individuals with less-than-stellar credit are often faced with difficulties finding a credit card. A secured card, a card requiring a security deposit, may offer no frills, but it's a good option to rebuild credit. While most secured credit cards require you to place the equivalent of the credit limit down, the Capital One Platinum Secured Credit Card* doesn't require a full deposit.
Capital One may request a $200 minimum, but you may only require a refundable deposit of $49, $99, or $200. As a result of Capital One's positive credit relationship, your deposit may be returned to you.
What's the difference between prequalified credit cards and preapproved credit cards?
Preapproval and prequalification are both similar. Both suggest you have good odds to get the card you purchased, but there are no absolute guarantees. Prequalified cards can mean that the issuer has found you are the type of consumer that is good for you.
How does the preapproval process work?
Preapproved activities are usually done online. You'll need to provide your annual income and identifying information, such as your name and address, as well as the last four digits of your Social Security number. You'll receive personalized offers based on the card issuer's initial findings.
While the preapproval process is complete, there is no commitment required. Your credit score will not be affected either, since only a soft pull is made on your credit. If you choose to proceed with a request, the card provider will do a hard credit check.
Is my approval possible when I preapproved for a credit card?
A credit card soft inquiry will not affect your credit, but it does an in-depth analysis into your credit history. Preapproval isn't a guarantee that you'll be approved for a credit card when you apply. See it more as an invitation to apply with good odds of approval.
According to Jim Pendergast, "you may be denied approval if you are preapproved on the website. Credit reports are changing daily, so it's possible that the information is simply old. You'll most likely be denied when you display increasing debt or late payments."
Which credit card providers have offered preapproval?
Not all credit card providers have a preapproval inquiry form. Some card companies have their own version of a prequalification and mail out selective special card offers. In other cases, logging into your bank or card account will display preapproved card offers the typical person will not have access to.
Our approach is straightforward.
CNET compares credit cards across set criteria for each major category, including cash-back, welcome bonus, travel rewards, and balance transfer. We examine the typical spending behavior of a range of consumer profiles -- with the understanding that everyone's financial situation is different -- and the designated function of a card.
For cash-back credit cards, we look at the length of time you have to make a balance transfer following the opening of the account.
- Amazon Prime Rewards Visa Signature card
- Apple Card
- BankAmericard credit card
- Bank of America Customized Cash Rewards Secured Credit Card
- Best Buy Store Card
- Blue Cash Everyday Card from American Express
- Capital One Platinum Credit Card
- Capital One Walmart Rewards Mastercard
- Capital One Venture Rewards Credit Card
- Chase Freedom Flex
- Chase Freedom Unlimited
- Chase Sapphire Preferred Card
- Discover it Secured Credit Card
- Chime Credit Builder Visa Secured Credit Card
- Credit One Bank Platinum Visa for Rebuilding Credit
- Discover it Cash Back
- OpenSky Secured Visa Credit Card
- Petal 1 "No Annual Fee" Visa Credit Card
- Capital One Platinum Secured Credit Card
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For rates and fees of the Blue Cash Everyday Card from American Express, click here.
All information about Discover it Cash Back, Capital One Venture Rewards Credit Card, BankAmericard credit card, and Capital One Platinum Secured Credit Card has been collected independently by CNET and has not been reviewed by the issuer.