Glossary and terms about credit cardsHome » Credit Card Glossary

A B C D Z Y X W V U T S R Q P O N M L K J I H G F E List All

Pre-approved

A conditional offer of credit from a credit card issuer based on a pre-qualification of the individual's credit from an abbreviated credit bureau report. Upon acceptance of such an offer, the issuer makes a credit decision (usually after obtaining more detailed credit information) and assigns an annual percentage rate based on the most up-to-date credit profile of the customer.