Receiving unwanted mail can be annoying, but sometimes you may receive something that catches your attention, including credit card offers.

If you’ve been considering a new credit card or even been on the hunt for one, receiving a pre approved credit card offer in the mail can be just what you need, but it’s important to consider each offer on a case-by-case basis. If you’re wondering how to do that, we’ve got everything you need to know here.

What Do Pre-approved Credit Card Offers Mean?

When you receive a pre-approval or pre-qualification for a credit card, it essentially means that you’ve passed one wave of screening in terms of eligibility. It is not a definitive decision, as the name suggests.

Which Credit Card Offers Are Best?

When it comes to picking a credit card that is best, there is no singular option, but there are certainly some that are better than others. Here are a few things to consider when looking at credit card offers, especially pre-approvals:

Choose a Credible Company

Mail comes from all types of people, sometimes even scams, so it’s important to weed out institutions that you’ve never heard of or are not credible online. Stick to big names and avoid places that don’t have a verifiable footprint.

Of course, if you’re receiving offers from places you’re already a member at, such as a checking account with a local bank, then those are generally safe options as well.

If you’re unsure of whether an offer is real, most major banks offer a tool online that can be used to confirm pre-approval by entering your details and seeing which cards you’re eligible for with their company.

Low Introductory APRs

Any credit card offers in your mailbox should include some major perks. One of the greatest perks to take advantage of is a low introductory APR rate that excludes your initial purchases and/or balance transfers from collecting interest, or possibly at very low rate, for a period of several months to over a year. Anything from a year or on is a great benefit to get started with growing credit or transferring balances.

Determined by Credit

Some cards may specifically target your credit score range which is exactly what you want. What won’t benefit you and may harm you, in the end, is applying to a generic mailer for great credit when your credit score is fair at best.

You will want to hold out for options that are applicable to your situation, which helps narrow down which credit card offers to seriously consider. The best credit card offers in terms of benefits may seem enticing, but they don’t matter if you’re not truly eligible for them.

Protecting Your Information and Financials

Regardless of whether you decide to take advantage of an offer, it’s important whenever receiving a credit card offer that you verify the offer before handing over any additional personal information.

This means not typing in the link that the mail provides but going directly to the financial institution’s webpage for more details. It can also mean not applying for any cards that you know you’re not eligible for despite being pre-approved as they often do not verify full eligibility before sending out mail or may base offers off of old information.

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Contact Information:

Name: Michael Bertini
Email: [email protected]
Job Title: Consultant

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