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Credit Solicitations

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Credit Solicitations Powered By Docstoc
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 Signature for credit
          protection
                        They want
                        you to get
                         confused
                         and sign
Signature for credit      the first
account application         one as
                        well as the
                          second!
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 What is my interest
   rate? You won’t
know until after you
            signed!
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Would you pay to apply
     for a credit card?
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  What?! You’re
going to penalize
 me for missing a
payment to some
      other credit
           card?!
  Thankfully, this
 was outlawed in
   the new credit
 card legislation.
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            Recently, the
solicitations have been
far more advantageous
   to the consumers (at
   least the ones I have
        been receiving).
  The competition must
    be getting stiffer for
     good suckers, uh, I
 mean good customers!
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   How are they making their
  money with the 0% balance
 transfer interest rate offers?
    They are charging you an
     upfront fee of 4% on the
   balance transfers. Several
       years ago, they did not
charge this fee. This allowed
   many people to borrow the
    money at 0% and then get
3% in a CD. Of course, CDs
   are paying almost nothing
      now so this strategy no
                longer works.
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      Now, here is a pretty
   darned good offer. 0%
for purchases for the first
year plus enough “bonus
      points” to get a free
    airline ticket once you
       make $500 worth of
      purchases within 90
   days. Is this enough of
   an incentive to acquire
   and use the card? You
       have to decide. But
remember, the credit card
    companies are hoping
  that you will not pay off
      the balance within 1
   year. If you don’t, KA-
                   CHING!
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posted:12/1/2011
language:English
pages:14