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This probably means that they really like you (which is great!) and are willing to overlook the gpa. However, if you recieve and accept a bid from them you may not be able to participate in some member activities like socials or formal due to your "academic delinquent" status. This may not be true for every chapter. Don't let this influence your decision too much. I'm positive they will have things figured out for you. If it feels like the right fit, go with it.