Thanks for the info, folks!! My letter did say "Pre-approved" as opposed to pre-selected so my hopes are high. I did find it strange they sent that to me since they denied my Cap One Secured 3 months ago. Oh well, I'll take the chance. ~Toothman
laurie, Yes there is a difference. The guranteed approval card means as long as you meet the requirments (which from what I remember were that the applicant is over 18, has not moved in the past 30 or 60 days, and has not applied or been approved for a C1 card in the past 45 days) you've got the card. However, more than likely, unless you have high 600's scores, you'll get the baseline $500 credit line. With the pre-approval it means you can be turned down for the plat. card and could receive a gold, classic, or even a partially secured.
Toothman: I have recieved those offers as well. I got the $500.00 limit but my scores were in the hi 500's. Not a bad way to start out and if you behave, they increase your credit. If you play your cards right with them, you can build a decent limit in a year or 2. Actually, I recieved one in January and one in April. I have 2 plat. cards from them, low limits, yes. Good way to rebuild and they have some Plat. benifits such as auto rental insurance. Beats the hell out of Providian.
