Preapproval for any credit card means that the credit card company believes that you meet the requirements necessary to be approved for their credit card. It is the same with a RBS credit card as for any other company. However, usually it is necessary to formally apply for approval even when the company says that you already have it. In most cases if a company says that you are preapproved for an account you will be able to receive that card. It is important to remember that preapproved does not mean that you already have the card. If you choose not to apply then the company will not send you a card.

Income Guidelines

One of the main categories that is looked at for approval of a RBS credit card card or any other card is the income that you bring in. Certain cards require different amounts of income. If you match the income required for a certain card then that company may send you an application to receive the card that they offer for that income level. Credit card companies obtain this information from many different places, such as: any cards you have applied for in the past, purchases that you have made, and any houses or apartments that you have rented or bought.

Work and Rent/Mortgage History

Usually if you have good work and rent or mortgage history you will be considered a better candidate for a RBS credit card or any other card. The theory is that if you can pay your rent on time then you will be able to pay your credit card accounts on time. Being overall financially smart will bring tons of preapproved credit card offers to your door. This can be very useful if you are in the market for a credit card, but if you are not, it can be a little annoying. It is possible to opt out of these offers if desired.

Credit Score and Worthiness

The credit score that you currently have will make a big difference in the cards that you are preapproved for. If you have a lower credit score then the cards that you get preapproved for will have higher interest rates and lower credit limits. If you have a good or excellent credit score then you will receive preapproval offers for cards with lower interest rates and higher credit limits. The credit card companies also determine if you are worthy of receiving more credit. This is based on your credit score, your purchases, your current debt and assets, your rent and mortgage history, and your overall income. If you are worth more than you owe then you will receive better offers.

Number of Credit Accounts Open and Active

The number of credit cards or accounts that you already have will also influence the kinds of preapproval offers that you receive. For example, if you already have an RBS credit card that you make payments on time with and keep a low monthly balance then it is likely that other credit card companies will want to have your business as well. However, too many credit accounts will reduce the amount of cards that you are preapproved for.

Preapproval for a credit card just means that the credit card company believes that you meet the requirements to receive one of their cards. This can be both a good thing and a bad thing. It is good if you need a credit line, but it is bad if you already have more than you can handle. Using common sense is the best way to avoid credit issues.