Does anyone else out there find the whole barbarian ad campaign a bit tiring?
More exhausting than that is the amount of pre-approvals this company sends out on a weekly basis! At our household we get on average 3 pre-approved Platinum offers with a whopping starting credit line of a minimum $300. (Only our 4 cats have not received an offer yet) Carrying a Platinum Visa card with a credit line that low hardly seems reasonable in my opinion, considering competitors are regularly sending us true pre-approved offers for at least $3000 starting lines. All these issuers are pulling scores and balance-to-limits ratios from the same sources causing me to ponder Cap One's approval model. So for our purpose of building stronger credit scores, I'd rather leverage the larger lines of credit being reported to the 3 bureaus.
I am not complaining but I too wonder what the market forces are causing Chase and Citi to be more aggressive to attract consumers. Of the offers we have received all are high limit with 0% APR for 12 months making it extremely easy to stay out of service and interest fees hell. This is where I think those commercial bad guys really live.
What are your experiences on these offers? How many flood your mailbox each week. I challenge each of you to leave a comment here with the most outrageous offer!
Key Resources:
Our Card Recommendations
Pre-Approved – What does that really mean?