18 Nov 2025 | 5 Mins Read
Pre-approved credit cards: Tempting offers or financial traps?
Flipitmoney
Pre-approved credit cards are invitations to apply, not automatic approvals, with banks using customer profiles and credit scores. They offer convenience, exclusive benefits, and can improve credit utilisation ratios. However, beware of hidden fees, high-interest rates, and terms that change. Choose wisely by comparing fine print, annual charges, and repayment terms.