I want to get a store credit card and I send in a response to the favorite way they get people to respond but I always get turned down. Why send a preapproved letter to someone to only turn them down when they respond? This is very frustrating, especially if your a divorced woman trying to build her credit up only to be denied? And yes, I know about a secured card route, but they put ask for so much to put down on one.
2006-12-06 11:09:09 · 10 answers · asked by rangerrounderangeldarling 1 in Business & Finance ➔ Credit
Those "pre-approved" things appear to be only just mail. Don't fall for it. Pre-approved credit cards are the "you're almost a winner"/Publisher's-Clearing-House-crap of this decade.
2006-12-06 11:11:09 · answer #1 · answered by bettiegrl 4 · 0⤊ 0⤋
They're trying to hook you in to make you likely to apply. If you read the fine print, it says you still need to be approved once your credit is checked and the pre-approval is only pre-approved to apply! The biggest problem is that applying for lots of cards lowers your credit score. The more inquiries appear on your credit, the lower the number goes! So don't apply to very many since you're hurting your credit, not helping. Besides, sometimes it's best not to have the temptation of the credit card.
2006-12-06 11:12:51 · answer #2 · answered by wynterwood 3 · 0⤊ 0⤋
Ever heard of Crown Jewelers? It's a great company that will give you a small credit line and report to all three (3) credit bureaus to help you build your credit.
http://www.crownjewelers.com/
They are well known for giving people a start without the normal credit checks and all that stuff.
2006-12-06 11:15:05 · answer #3 · answered by Kevin K 3 · 0⤊ 0⤋
I agree with above... Jewerly stores are the best ways to get credit. I got a "credit card" from kay jewelers and thats why I was able to get a REAL credit card, best thing I ever did!!
2006-12-06 11:17:05 · answer #4 · answered by senseriffic 1 · 0⤊ 0⤋
Make sure you read the letter very carefully. I get these all the time, and every one says something to the fact that they can relinquish the offer at any time based on your financial status and credit history.
2006-12-06 11:15:47 · answer #5 · answered by Anonymous · 0⤊ 0⤋
Because you are not really pre approved. They just want that up front fee of nine dollars or a little more, only never to return it to you. Just think how much money they are making off of that scam.
2006-12-06 11:13:24 · answer #6 · answered by Lil Momma 1 · 0⤊ 0⤋
I imagine they do it because they'll get more people to appy by telling them they are pre-approved, versus just sending a mailing asking you to apply.
What I've always found rather "stupid" is that I've gotten pre-approved mailings that used my nickname or my maiden name (or both). That person doensn't even legally exist, and yet is "pre-approved" for credit...
2006-12-06 11:21:08 · answer #7 · answered by . 7 · 0⤊ 0⤋
They just send them to any name they have, they don't even check obvious factors like age! My five year old niece regularly receives them, I even received one addressed to my dog once!
2006-12-06 11:20:25 · answer #8 · answered by ? 3 · 0⤊ 0⤋
They just want you to sign up for their card
2006-12-06 11:11:24 · answer #9 · answered by J 3 · 0⤊ 0⤋
They are stupid
2006-12-06 11:10:11 · answer #10 · answered by Anonymous · 0⤊ 0⤋