Post # 1
Okay, so maybe I’m being a bit dramatic. And it’s not really credit cards … it’s actually credit card offers. But man, oh man is it annoying!
Has anyone else noticed that since getting engaged and/or married, that credit card offers come like crazy? Through snailmail I get, literally, 3-4 credit card offers a day. The only thing I can “blame” for the sudden surge of spam is having gotten married in October. Before getting engaged, I’ve only had one credit card ever. That credit card is only valid at a certain local furniture store, so I guess its truly a line of credit. I’ve had it for over a year and make more than the minimum payment so I have it all paid off before any interest can be applied. But then I decide to open a line of credit at a diamond and jewelry store to pay for our wedding rings (the husband is paying for the engagement ring) and then a few months later (and right after getting married), I’m bombarded with credit card offers!
It’s annoying. Have I said that yet?
I heard once somewhere that simply receiving a credit card offer can hurt your credit score. You don’t even have to open the envelope and inquire further. Just the simple act of having a mailing address or a P.O. box can harm your credit score. I don’t know if that’s true. But it’s alarming either way.
So, I’m curious … has this happened/is this happening to anyone else? I can’t be alone! Although my husband never gets credit offers. Ever. He also has a line of credit with said jeweler and he got married when I did (LOL), but does he get any junk mail? Nope.
Also, I’m wondering how the heck to “stop the insanity”? I once had great resources for such a problem, but now can’t remember any of it for the life of me. What have you girls tried? What has worked? And most importantly, is it secure?
Thanks, ladies! 🙂
Post # 3
@MissesAwesome: receiving the application won’t hurt your credit – APPLYING will (although not a ton) missing payments, applying too much in a short period of time, and owing more than 80% of the credit limit are the 3 biggest things that impact your score – at least in Canada.
For me, anytime something’s expiring I get applications like crazy – like when my loans were paid off – the bank sent me applications about every 3 weeks. Our car has a year left, the bank calls FH monthly with pre-approved credit offers.
Post # 4
Post # 5
@MissesAwesome: you can opt out of receiving those offers.
Post # 6
I used to get many, but not lately. It didn’t seem to be related to my marital status either. They did tend to come when I was also getting the CC cheques though, and the government put in regulations about those, so that could be the difference.
I was getting multiple phone calls from a bank I use about CC offers and I asked not to be contacted about them anymore, it seemed to work.
Post # 7
I just opted out! Thanks for the link! I can’t stand all the credit offers. What a bunch of wasted paper!
Post # 8
@jny1179: Not to mention plastic, do they send you a card out there too when they do it?
Post # 9
I’ve been married a while now, so I can’t speak to that.
But I can say that I HATE HATE HATE being asked to apply for store credit cards.
“No, I don’t care if I save 15% unless I’m literally saving hundreds of dollars.” I don’t care that I could pay it in store. I DONT CARE. haha!
Did you know that Kohl’s actually makes more money on their credit cards than they do on their merchandise. (Or a bigger proportion of their income, I forget which). Why? Because they get people to open their card for a discount and then make HUGE moola in interest when someone can’t pay it off or forgets.
I was interviewing for a retail job recently and was specifically told, “Don’t judge people on what they look like they can afford or even what they tell you they want to spend. They might get approved for the card.” I almost vomed a little in my mouth. When I asked what the interest rate was, they said, “Hmm, no one has ever asked that before.” Are you kidding me!?!?!
So she looks, and says, “It’s no interest if you pay if off before the bill! Awesome.” (Uh, that’s how credit cards work) “Then it’s 25%.”
Post # 10
@MsGinkgo: Thanks for the information. I’ve never inqured futher or anything, so I should be good, then. I always rip them up into a million pieces the second I see one in my mailbox! Ha haa.
Post # 11
@cranraspberry: I realize that, that’s why I was asking for how to do that in my OP. 🙂
@abbie017: Thanks for the link! I’ll have to take a look at it soon. Hopefully it works! Have you tried it?
Post # 12
Receiving a credit offer doesn’t do anything to your score, applying does as it’s a hard hit against your credit. It’s annoying but that’s as bad as it is.
Post # 13
@Mrs.LemonDrop: I think it’s absolutely ridiculous! And sad. And gross. And horrible. What else can we call it? LOL
Companies and banks prey off of people who sign-up for credit cards or lines of credit. There are lots of people out there that are very responsible with their payments and don’t have any issues. But for every responsible person, there’s probably 25 more morons or victims out there that either shouldn’t have opened a credit card in the first place or who are irresponsible with most of their payments even though they can afford to pay them.
I can see how lines of credit and credit cards can be a wonderful thing, don’t get me wrong. I mean, I’d never have furniture or my king size bed or a laptop or an engagement ring or our wedding bands … unless there was credit. But my husband and I are responsible and looked at cost, how long it’d take to pay it off before interest, if we could make those payments, etc., etc.
I too have worked retail. At one job I had in high school, we all had to take turns walking around with a clipboard and bothering customers with credit card offers. It was a contest. Didn’t matter who signed-up, just as long as they were at least 19 (which is the legal age of an adult in my state). I didn’t know any better as a 16 year old. Lame.
Too many people either make poor decisions when it comes to credit cards or they get taken advantage of and manipulated.
It’s scary … 🙁
Post # 14
@AB Bride: Oh yeah, I get like 6 sheets of paper, printed in color ink, with a fake plastic card stuck to it, such a huge waste. I can’t stand it. I want to stop all of the junk mail, the sale folders, the credit card offers, I hate snail mail unless it’s something I care about like invitations, cards, etc.
Post # 15
So that link only applies to Pre-screened offers, which are pulled based on credit bureau. Non pre-screen offers are more abundant thatn Pre-screened ones. For each mail piece your receive, there should be a telephone number or website where you can add your information to the opt-out list. This is the best way to get yourself removed permanently.
Post # 16
@MissesAwesome: Ugh, I hate these and have definitely noticed an influx over the past year or so. They create so much extra junk and shit to shred!