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How does a pre-approval effect my credit score? - One Question SeriesPre-approval is a term credit card issuers use to indicate that an individual has met preliminary criteria for receiving a credit card offer. It is a marketing. If you're pre-approved for a credit card or loan, this means the lender has told us you'll be accepted for that product as long as you pass their fraud checks. A pre-approved Credit Card is a Credit Card that your bank or the card issuer offers you, even if you have not applied for it.