Credit Card Offers

Written by Kevin Tavolaro
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Chances are, you're bombarded with credit card offers every day. No matter your credit rating, you probably receive email and direct mail offers, letting you know you've already been approved for a new credit card. Many of these offers might seem too good to be true, and the fact is, most of them are. Some unethical credit card providers, as well as scam artists, prey on consumer ignorance with misleading or fraudulent offers. As a consumer, there are a few ways that you can prevent yourself from becoming the victim of these scams.

If a credit card offer informs you that you're approved for a new, unsecured card, despite having bad credit, it is most likely a scam. Although people with bad credit can get secured cards, which can help them start to rebuild a good credit rating, they are almost never approved for unsecured cards. This is especially true when it comes to an unsolicited offer. Offers like this usually state that you must first pay a large registration fee in order to activate the card. If you've been without a credit card for along time, due to bad credit, this might seem appealing. However, major credit card companies hardly ever require a registration fee. If there is an annual fee, it will appear on your statement, and will not be required up-front. This indicates that such offers are usually the work of con artists, who will most likely disappear after scamming you out of the registration fee.

Bad Credit Card Offers

Other offers might tell you you've been approved for a new gold card. However, some dishonest companies apply the term quite literally, and supply you with a gold-colored charge card that is only good for a limited number of uses. The card can usually only be used to make purchases from a store or online merchant associated with the card. As a result, you might be stuck with annual fees for a card that you have little use for. Before applying for a card, you should always make sure that you're dealing with a reputable provider.

The best way to avoid being victimized by bogus credit card offers is to seek the information directly from the credit card provider. By applying directly to the credit card provider, rather than responding to an unsolicited email, you can be sure that you're not dealing with a dishonest third party.

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