My cousin in high school has ≤ $500 in her HSBC Canada accounts, and has never had any income or job.
She has had only 1 Secured Credit Card with a $300 limit. She spends ≤ $90/month, and always pays it fully, punctually.
Since receiving the offer beneath, she has done nothing that requires a hard credit check. So her credit history ought be the same.
We know that notwithstanding her pre-approval, she must still apply froamlly and have her credit "hard-checked" (and appear on her credit report).
See the title. We worry that she'll be rejected, this pre-approval notwithstanding. What if this pre-approval is "bogus", and a marketing ploy to coax people to apply?
Does HSBC's "pre-approval" imply an increase in her credit score (which she hasn't checked as checking isn't free)? If yes, then she's contemplating applying for another bank's credit card.