In this article, we will be discussing all you need to know about USAA Credit card pre-approval, how to check your approval rates and the USAA pre-approval odds
USAA exclusively offers prequalification to its members. Before you can receive pre-approval offers in the mail or check your prequalification opportunities.
You’ll need to be eligible for membership and go through the membership signup process. Once that’s out of the way through, checking your prequalified offers is easy.
Keep reading this article to know more about USAA Credit card pre-approval;
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How to Prequalify for USAA credit cards
The first point we will be discussing on USAA Credit card pre-approval, is on how to qualify for USAA Credit cards.
Prequalify online
So long as you’re a USAA member, checking out your prequalification opportunities is simple:
- Log in to your USAA account
- On the far right of the second navigation bar, click on My offers.
- In the new section below, you’ll see a list of various offers available to you. This can include special reward offers on existing accounts, as well as prequalification offers.
- Since most USAA credit cards require good or excellent credit to qualify, you’ll need at least a good credit score of 670 to prequalify for USAA credit cards.
- USAA preapproval credit cards
- If you’re a USAA member, USAA may also send you preapproval card offers in the mail. These are cards that USAA is confident you’ll qualify for if you choose to apply.
- You stand a good chance of obtaining these cards if you apply for them, but examine the card terms and features carefully preapproval offers aren’t necessarily going to be the best fit for your financial needs.
Who is Eligible for The USAA Card
You’re eligible to join the USAA if:
- You’re an active, retired, or separated veteran with an honorable discharge from the U.S. military.
- You’re an eligible family member of a USAA member. This includes spouses, widowers, un-remarried former spouses, and children/step-children.
- You can start the USAA membership application by visiting their website and clicking “Join USAA” on the top navigation bar of the homepage.
USAA prequalification vs. preapproval
A prequalification offer means USAA has checked your credit with a soft pull and believes you might be a fit for a select number of cards.
This isn’t a guarantee of approval, but receiving such an offer through your account means that USAA believes you have a good chance of qualifying.
Preapproval on the other hand is a card offer USAA will send to you in the mail. While still not guaranteed, you’re very likely to qualify for the preapproved USAA card offer, as preapproval offers are sent only after a more thorough review of your credit score and finances.
USAA prequalified credit cards altered natives
If you’re not a USAA member and don’t expect to become one anytime soon, you still have a few options for checking your prequalified credit card offers.
Several major providers, including Citi, American Express, and Chase offer prequalification on select credit card products.
What Credit Score Do I need to prequalify?
You’ll need at least a good credit score of 640 or higher to prequalify for USAA’s credit card options. Like other providers, the cards that USAA offers you during prequalification come down to the credit score of the card versus your financial and credit history.
How to View Your Pre-Qualified and Pre-Approved Credit Card Offers
Gone are the days of checking your mailbox daily for the latest and greatest credit card offers. Instead, you can now access your offers at your convenience via the Internet, thanks to modern-day technology.
It’s a great way to navigate pre-qualified credit card offers on your terms, rather than waiting for one to show up in the mail.
We’ll take you through some of the most popular credit card companies so you can see what deals you’re specifically eligible for.
Remember, though, just like any other pre-qualification or pre-approval offer that comes in the mail, none of these offers guarantee approval.
You’ll still need to go through the application process. Keep reading to learn more about these offers and what the terminology means so you know how to interpret the best ones.
For USAA:
USAA may be a less familiar name to you on this list, but we’ve known them for a while. Their credit cards are one of the few offering cardholders free access to their FICO scores, and they also offer a checking account that doesn’t use ChexSystems for approval.
To take advantage of USAA’s credit card pre-qualification offers, you need to be a bank member. If you are, log in to your account and click on the “My Offers” page.
You’ll automatically have offers appear since the bank has your personal information and is familiar with your financial background.
American Express:
American Express makes it extremely easy to get your personalized offers. Get started by navigating to the company’s website, then scrolling down to where it says, “Find the Card that’s right for you.”
You can choose from personal cards, small business cards, corporate cards, or prepaid cards. Then, near the top of the navigation menu, click on the option that says, “Check for Offers.”
Then, enter your full name, home address, last four digits of your social security number, and interest if you’d like. Your choices for that last field include travel rewards, rewards points, cashback, or “not sure yet.”
This allows American Express to better tailor an offer for you. The best part of this process is that it allows you to check on special deals with only getting a soft pull on your credit report.
If you happened to receive a pre-qualified offer in the mail from American Express, you can also scroll down a little further to redeem it. You just need your zip code and 14 digit RSVP code.
Bank of America:
You can also check for customized offers from Bank of America. Like American Express, it doesn’t hurt your credit score, and it’s fast. You can get an offer in less than 60 seconds.
So what do you need to do? Visit B of A’s customized offer page and fill out the data fields. You’ll first be asked if you currently have an online bank account with Bank of America, which just lets you use the information they already have on hand about you.
Next, you can select a specific type of credit card you’re interested in: cash rewards, travel rewards, lower rate, build or rebuild credit, or pay down your balance faster.
Enter your first, middle, and last names followed by your home address, and you’re almost done. Then, wrap up with your birth date and the last four digits of your social, and you’re ready to get your customized offers.
Capital One:
Getting a pre-qualification offer is easy with Capital One. Go to their site and enter the usual basic information like your name, address, and date of birth.
You’ll notice that Capital One requires you to enter your entire social security number, which may indicate that they perform a hard check on your credit report.
Next, you’re required to answer two questions. The first ask which card benefit is most important to you, such as travel rewards, cash back, or low interest.
The second asks that you rate your credit as either excellent, average, or rebuilding. Once you’ve completed these easy questions, you can click to see your offers.
Chase:
The only information you need is your name, address, and last four social security digits. 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 the perfect way to explore your options risk-free.
Citibank:
Citibank makes it extremely straightforward to check your pre-qualified credit offers. Citibank requires just your basic personal data and has one of the shortest forms out there.
Start by entering your personal information. Next, drop in the card benefit that’s most important to you, and all that’s left is a brief acknowledgment that you know your credit score won’t be affected.
You get to find out if you have a pre-qualified offer waiting for you. Citibank says they won’t hassle you with follow-ups, even if you decide not to apply for the credit card.
Difference Between Pre-qualified and Pre-approved Credit Cards?
The final point on the USAA pre-approval we will be discussing in this article is the difference between pre-qualified and pre-approved credit cards.
When you’re comparing credit card offers, pay attention to the fine print to see what exactly you’re being offered.
There’s often a lot of lingoes thrown around, like pre-screened, pre-qualified, and pre-approved. So what does all of this mean?
These terms refer to how in-depth of a background check the creditor has done before inviting you to apply.
Generally speaking, there’s never a direct offer that doesn’t require you to still go through the application process.
Pre-qualified: Most offers you receive are “pre-qualifications,” meaning the credit card issuer has done a quick cursory review of your credit through a soft pull.
Pre-approved: If you’ve been “pre-approved,” they’ve likely done an in-depth check and may have even already performed a hard pull on your credit report if you’ve allowed it.
Pre-screened: Similarly, “pre-screened” is just another way to refer to someone who is pre-approved. When you get an offer, read it carefully so you don’t plan your future finances incorrectly.
One thing to help analyze is you offer to check all the details in the fine print. Oftentimes, credit card issuers will include what type of credit history the ideal candidate should have.
It may be worth applying for the card if you meet those standards because you know there’s a better chance of being approved.
If you don’t meet those standards, it’s probably not worth getting that extra inquiry on your credit report when you know the credit card issuer will likely decline your application.
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CONCLUSION
While USAA Credit card pre-approval offers won’t fall in your lap if you’re not a member, it couldn’t be simpler to check once you have an account up and running.
If prequalification is important to you but you don’t wish to become a USAA member, check out other providers that offer prequalification to find one that fits your needs.
