Are Pre-Approved Credit Offers Any Good?
People are usually excited to get a new credit card, and rightfully so. But just because you are pre-approved does not mean that’s the right card for you. There are some things you can do before accepting enrollment offers that might turn the experience into an even happier one in the end. Pre-approval is a technique that credit card companies use to replace members. When members fall off, these companies seek out new customers to replace them. You are generally solicited for membership through the mail. Most everyone has received one of these direct mailers at their home. The pre-approval is designed to elicit a positive response from the person receiving it. It’s planned to make you feel special and excited to participate. It is an impulse sale. While the offer may be good for you, you’ll want to assess some salient points before signing on. You’ll want to consider fees and interest charges. Is there a membership fee? Is there a bonus program and what is the transaction rate? Are the
