Many companies that solicit new credit card accounts use pre-screening to identify potential customers. These offers are based on information in your credit report that shows that you meet criteria set by the company offering the credit card.
Can pre-screening hurt my credit score?
No. These are marketing inquiries that do not show up on your credit report, because you are not asking for any new lending opportunities.
What about opting out?
Many people prefer not to receive these offers in the mail, especially if they are not in the market for a new credit card. Some pre-screened offers include great benefits, especially if you are in the market for a new credit card. These offers allow you to gain knowledge of the market by comparing costs, and finding what works best for you. Consider this when wondering whether to opt out or not. If you decide to opt out, your request will typically be processed within five days, but don’t expect the letters to stop immediately as it may take up to 60 days.
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