Comments on: Why Pre-Approved Credit Offers Are a Myth

By: Sophie

Sophie — Wed, 29 Feb 2012 09:19:20 +0000

Thanks for that, Jonathan. There are many useful tips for credit card comparison beginners, and it's always worth reading up on the subject before choosing a credit card.

By: Jonathan Gedeon

Jonathan Gedeon — Tue, 28 Feb 2012 16:44:21 +0000

I agree that it is a marketing tool to lure people into getting a card that aren’t necessarily actively seeking new credit. One thing to be careful of is to go over the offer with a fine tooth comb before signing up or responding. Often the rates and perks of the card come with hidden fee’s or are only active for a short period of time after which the rates drastically increase. Here is a blog post I wrote about things that you should look for when considering a credit card offer.

http://www.bydesignsolutions.org/read-the-fine-print-5-ways-to-pay-less-for-credit

By: Margaret

Margaret — Thu, 08 May 2008 08:03:24 +0000

I read in the fine print somewhere that “preapproved” only means preapproved for the opportunity to apply for the great deal, not preapproved to actually receive the great deal.

I got one from a credit card company where I had had an account before a finanical meltdown of sorts, so I sent it in, and they rejected me based on my past history with that company. Seems like they were rather wasting their postage sending offers to someone they already know they weren’t going to accept.

My husband just got one, and I went online to check out the company, and the general offer being made to anyone who applied online was better than the one being offered to him speciifically.

By: Jonathan

Jonathan — Sun, 04 May 2008 15:01:20 +0000

P L – Definitely! Make sure you take a photo and send it in to us first though!!

By: P L

P L — Sun, 04 May 2008 04:04:10 +0000

Those pre-approved credit offers are terrific! First off those little cardboard fake credit cards they send you are perfect for tassel making, winding embroidery thread, building card houses, mounting fishing flies and a host of other uses! Second, the envelope and stuffing only need a quick run through the paper shredder and voila! free cat litter!

I’m not quite sure why the nice credit card companies want to send me free cat litter – surely they don’t think I’m gonna actually sign up – but as long as they do I and my kitties will appreciate it.

Ya think they’d like me to send them a used sample just to show how much we appreciate it?

By: Why Pre-Approved Credit Offers Are a Myth

Why Pre-Approved Credit Offers Are a Myth — Sun, 17 Feb 2008 01:24:54 +0000

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