In this article, we’ll go over everything you need to know about USAA credit card pre-approval, including how to check your approval rates and your chances of getting approved.
Prequalification is only available to USAA members. Before you can receive pre-approval offers in the mail or check your prequalification options, you must first complete the following steps.
You must be eligible for membership and complete the membership registration process. It’s simple to check your prequalified offers once that’s completed.
Continue reading to learn more about USAA credit card pre-approval.
PREQUALIFICATION FOR USAA CREDIT CARDS
The first aspect of USAA credit card pre-approval that we will discuss is how to qualify for USAA credit cards.
Prequalify yourself online.
Checking out your prequalification options is simple as long as you’re a USAA member:
• Access your USAA account.
• Select My offers from the far right of the second navigation bar.
• You’ll find a list of various offers available to you in the new section below. This can include prequalification offers as well as special reward offers on existing accounts.
• To prequalify for USAA credit cards, you’ll need at least a good credit score of 670, as most USAA credit cards require good or excellent credit.
• USAA credit cards with preapproval
• If you’re a USAA member, you might receive preapproval card offers in the mail as well. If you apply for one of these cards, USAA is confident that you will be approved.
• If you apply for these cards, you have a good chance of getting them, but read the terms and features carefully. Preapproval offers aren’t always the best fit for your financial situation.
WHO CAN APPLY FOR THE USAA CARD?
If you meet the following criteria, you may join USAA:
• You served honourably in the United States military and are currently active, retired, or separated.
• You’re a USAA member’s eligible family member. Spouses, widowers, unremarried former spouses, and children/stepchildren are all included.
• Visit USAA’s website and click “Join USAA” in the top navigation bar of the homepage to begin your membership application.
PREQUALIFICATION VS. PREAPPROVAL IN THE USAA
A prequalification offer indicates that USAA has performed a soft pull on your credit and believes you may be eligible for a limited number of cards.
Although receiving such an offer through your account does not guarantee approval, it does indicate that USAA believes you have a good chance of qualifying.
Preapproval, on the other hand, is a postcard offer from USAA that you will receive in the mail. While preapproval offers are only sent after a more thorough review of your credit score and finances, you’re very likely to qualify for the preapproved USAA card offer.
ALTERED NATIVES USAA PREQUALIFIED CREDIT CARDS
You still have a few options for checking your prequalified credit card offers if you’re not a USAA member and don’t plan on becoming one anytime soon.
Prequalification is available on select credit card products from several major providers, including Citi, American Express, and Chase.
TO PREQUALIFY, WHAT CREDIT SCORE DO I NEED?
To prequalify for USAA’s credit card options, you must have a credit score of 640 or higher. The cards USAA offers you during prequalification, like those offered by other providers, are based on the card’s credit score versus your financial and credit history.
HOW TO VIEW YOUR CREDIT CARD OFFERS THAT HAVE BEEN PRE-QUALIFIED AND PRE-APPROVED
Gone are the days of checking your mailbox every day for the best credit card deals. Instead, thanks to modern technology, you can now access your offers whenever you want via the Internet.
Rather than waiting for a credit card offer to arrive in the mail, it’s a great way to navigate pre-qualified credit card offers on your own terms.
We’ll walk you through some of the most well-known credit card companies so you can see what offers you qualify for.
But keep in mind that, like any other pre-qualification or pre-approval offer you might receive in the mail, none of these guarantees approval.
You must still complete the application process. Continue reading to learn more about these deals and what the terminology means so you can figure out which ones are the best.
For the USAA:
USAA may be a newcomer to this list, but we’ve known them for a long time. Their credit cards are one of the few that give cardholders free access to their FICO scores, and they also have a checking account that isn’t approved through ChexSystems.
You must be a bank member to take advantage of USAA’s credit card pre-qualification offers. Log in to your account and go to the “My Offers” page if you are.
Because the bank has your personal information and is familiar with your financial history, offers will appear automatically.
American Express makes receiving your personalised offers a breeze. Begin by visiting the company’s website and scrolling down to the section titled “Find the Card that’s Right for You.”
Personal cards, small business cards, corporate cards, and prepaid cards are all options. Then, near the top of the navigation menu, select the “Check for Offers” option.
Then, if desired, enter your full name, home address, social security number’s last four digits, and interest. Travel rewards, reward points, cashback, or “not sure yet” are all options for that last field.
This enables American Express to create a more personalised offer for you. The best part about this method is that it allows you to check for special offers while only obtaining a soft credit pull.
If you received a pre-qualified offer from American Express in the mail, you can redeem it by scrolling down a little further. Your zip code and 14-digit RSVP code are all you need.
Bank of America (BofA):
You can also look for Bank of America’s personalised offers. It, like American Express, has no negative impact on your credit score and is quick. In less than 60 seconds, you can receive an offer.
So, what are your options? Fill out the data fields on B of A’s customised offer page. You’ll be asked if you have a Bank of America online bank account, which allows you to use the information they already have on file about you.
After that, you can choose whether you want cash rewards, travel rewards, a lower rate, to build or rebuild credit, or to pay down your balance faster.
You’re almost done when you enter your first, middle, and last names, as well as your home address. Then add your birth date and the last four digits of your social security number, and you’re ready to receive your personalised offers.
Capital One makes getting a pre-qualification offer simple. Go to their website and fill out the required fields, such as your name, address, and date of birth.
You’ll notice that Capital One asks for your entire social security number, which could indicate that they run a hard credit check on you.
After that, you must answer two questions. First, determine which card benefit is most important to you: travel rewards, cash back, or low interest.
The second part of the questionnaire asks you to rate your credit as excellent, average, or rebuilding. You can see your offers after you’ve answered these simple questions.
All you need is your name, address, and last four digits of your social security number. Again, you’ll get offers back in just a matter of moments, and while it’s not a firm approval, it’s a great start to see what kind of terms you could qualify for.
If you’re looking for a Chase credit card, this is a great way to test the waters without taking any risks.
Citibank makes checking your pre-qualified credit offers extremely simple. Citibank only requires basic personal information and has one of the shortest forms available.
Begin by entering your personal details. After that, fill in the card benefit that matters most to you, and all that’s left is a brief acknowledgement that your credit score won’t be affected.
You get to find out if you’ve received a pre-qualified offer. Even if you decide not to apply for the credit card, Citibank promises not to bother you with follow-ups.
HOW DO PRE-QUALIFIED AND PRE-APPROVED CREDIT CARDS DIFFER?
The difference between pre-qualified and pre-approved credit cards is the final point we’ll cover in this article about USAA pre-approval.
Pay attention to the fine print when comparing credit card offers to see exactly what you’re getting.
Pre-screened, pre-qualified, and pre-approved are all terms that are frequently used. So, what does it all mean?
These terms refer to how thorough the creditor’s background check was before inviting you to apply.
Generally speaking, you will never receive a direct offer without first completing the application process.
Pre-qualified: The majority of offers you receive are “pre-qualifications,” which means the credit card issuer has run a quick cursory credit check on you via a soft pull.
Pre-approved: If you’ve been “pre-approved,” they’ve probably done a thorough investigation and, if you’ve agreed, a hard pull on your credit report.
Pre-screened: “Pre-screened” is another term for someone who has already been pre-approved. When you receive an offer, read it carefully to avoid making financial mistakes in the future.
You offer to check all the details in the fine print to assist in the analysis. Credit card companies frequently specify what kind of credit history the ideal candidate should have.
If you meet those requirements, it may be worthwhile to apply for the card because you’ll have a better chance of being approved.
If you don’t meet those requirements, it’s probably not worth the extra inquiry on your credit report if the credit card issuer is likely to reject your application.