The Pre-qualified credit card offers are sent to potential customers through the mail. It could be that you have received an email with these prequalified credit card offers at some point in your life.
How to respond to these Capital One mail offer? In this article, you will get the answer to this question. Let’s read on.
What Is a Prequalified Credit Card?
Prequalified means your credit score and other financial information matched with the suitable criteria required to become a cardholder.
A credit card company links up with a bureau to have a look at your credit history. Not Just Anyone can be included in the list of potential customers to receive prequalification.
The list could contain individuals with a credit score above a certain level. On the other hand, they can ask the credit bureau to check out the credit of the people appearing on the list supplied.
The information obtains from the credit bureau is what makes the lender decide on who to send the prequalification notification. Once you have received the mail offer, you may choose to respond to it most appropriately.
Why Am I Getting Credit Card Mail Offers?
Nearly everyone with a credit history gets preapproved credit card offers in the mail. After all, lenders have to get more customers and you are one of the potential customers.
If your credit will be in tatters, these pre-approval offers may look like a godsend. But they do not guarantee that your application for a credit card will be accepted.
If you receive pre-approval offers for cards with tremendous benefits and bonuses, then you likely have good credit. Because they know that you can get any card you apply for and that is why they want you to take up their offer and forfeit the rest by offering you the highest benefits and bonuses.
If you have had applied on the Capital One website, you may also get a pre-approval offer. In this case, if you provide them with personal and financial information, which they can then use to do a background check with the credit bureau.
To prequalify for a Capital One credit card, you will have to enter your name, address, and social security number.
How to Respond to Capital One Mail Offer?
First, you need to open the Capital One website and go to the page where you have to enter the access code and reservation number sent in your email. So, for this, go to the “Credit Cards” and then “Respond to a Mail Offer”.
After that, enter the 6-digit access code and 16-digit reservation code. Click on “Get Started” and you will be directed to a page where you can start the credit card application process.
If you do not receive the mail offer and you think that you might have been prequalified, you can check that out in just 60 seconds. You can get your 16-digit reservation number and 6-digit access code.
How to Stop Credit Card Pre-Approval Letters?
Not everyone welcomes mail with credit card preapproval offers. When your credit is not so good, they could prove very useful and they may end up jamming your mailbox.
The easiest way to stop the mail is by calling at 1-888-5-OPT-OUT (1-888-567-8688) or you can also visit the website here given optoutprescreen.com.
The phone number and website are services of the credit bureaus. They are not belonging to any of the lenders. Once you choose to opt-out, you will no longer receive any mail with pre-approved offers.
One most important thing is your request will be honored for five years since you made it. But you shouldn’t be hasty to decide to opt-out. You could lose the chance to get some easy credit.
Once you decide to get a credit card you may greatly limit your options. So, do not choose opt-out if you are not sure about what exactly you want.
In this way, you can respond to the Capital One credit card offer. We hope this information is enough for you.
For more details or want to see some other card information visit us on our official website Wealthcoaster.com.