Misconceptions about Credit Card Offers

Like a Kid in a Candy Store

It doesn’t take long for a credit card company to send you credit card offers. Simply applying for one credit card can set you up for your mailbox to be flooded with credit card offers. If you’ve only recently got your first credit card, you might be intrigued by all of the credit card offers you receive. Don’t make the mistake of applying for them all. How many credit cards do you really need? You might want one or two credit cards for your routine purchases so that your shopping trips will be more convenient, and another credit card can serve as a source of money in case you experience an emergency. Even if you do apply for all the credit card offers you receive, it is doubtful that you will qualify for every one, and you should try to minimize the number of unnecessary credit card offers on file.

Make Sure It Goes Where It Should

Identity theft is always a concern when it comes to credit card offers. You don’t want credit card offers arriving at your old address when you relocate. There are few ways to prevent this. First, you want to make certain that you mail is forwarded to your new address. This takes several weeks for the post office to verify this information, but even so, not all mail ends up getting forwarded. So take a look at each individual credit card offer you receive and read the fine print for information about how to opt out of receiving credit card offers. You will either have to call a toll-free number or send a written reply to the address provided.

Just Shred It

Shred credit card offers just as you would important financial statements. I once read about an inquisitive individual who taped together a torn up credit card offer and sent it in just to see if he would qualify. It turns out the credit card company approved his application and sent him a credit card. That little experiment just goes to show how your credit card offers getting in the wrong hands can really cause problems for you such as identity theft.