What is preapproved?
The Bankrate.com financial term of the day is: "preapproved."
When a credit card company wants to put its plastic in your wallet, it will tell you that you've been preapproved. That means you've been identified as a potential cardholder and your credit profile has passed an initial screening. However, the card issuer can still say, "Thanks, but no thanks," if it looks deeper into your credit and decides it doesn't like what it sees.
"You've been preapproved!" That common come-on in credit card junk mail merely means that the card issuer thinks you might make a good customer. It might ultimately decide it doesn't want you after all.
To find the best credit card for you, visit the credit cards section at Bankrate.com.
Your credit card data can be stolen in a matter of seconds. Here's what you should watch out for.
Bankrate asked young adults ages 18-29 about their credit card usage.
When you swipe your card, your info makes many stops before hitting your bank account.
Credit card rates were mixed this week.
Think twice before engaging in these risque purchases using your credit card.
How did consumers respond when asked about job security, savings, net worth, and debt?
Comparison shopping will help you know deals from duds at a dollar store.
Looking to save money? Here are eight easy ways to save $5,000 in one year.
Mortgage rates jumped this week.
New car loan rates fell 1 basis point each.
Bankrate wants to hear from you and encourages thoughtful and constructive comments. We ask that you stay focused on the story topic, respect other people's opinions, and avoid profanity, offensive statements, illegal contents and advertisement posts. Comments are not reviewed before they are posted. Bankrate reserves the right (but is not obligated) to edit or delete your comments. Please avoid posting private or confidential information, and also keep in mind that anything you post may be disclosed, published, transmitted or reused. We do not permit the inclusion of hyperlinks in comments and may remove any comment that includes a hyperlink.
Get cost-cutting tips for buying, selling and maintaining your wheels. Delivered monthly.
While gas prices have dropped dramatically, the sales of diesel cars has continued to grow, rising 13.5 percent in 2014 over 2013, according to the latest data compiled by IHS Automotive for the Diesel Technology Forum.
... Read more