Credit Card Offers - be cautious when they come pouring in

Today one come across many deceitful and misleading Credit Card Offers. You receive an advertisement in the mail which states, among additional things, like this You have been APPROVED for a dollar $2500 unsecured credit line from us based on the data we have on file regardless of your past credit. Your Approved credit line of $2500 for credit purchases and cash advances will be available once you accept your Cash Plus Card just by calling now. Such credit card offers contain little pictures of a VISA card, MasterCard and a Cash Plus card on the higher right hand part.

Excited by such credit card offers and fuelled by your enthusiasm to shop, you respond to the advertisements by calling the telephone number listed. The salesmen will let you know that you have been permitted to receive a credit card and a 2500 line of credit regardless of your credit history. You are also educated that you will receive a VISA card or MasterCard. You are liable to pay a Dollar 149.95 charge for the credit product, either by having your checking bank account debited or by charging it to a former credit card account. Subsequently, your inspection account is debited through an blank bank draft.

Awaiting your new credit card you finally receive a package of resources from those who have made credit card offers that divulge, for the first time, strict limitations on your ability to use the credit products offered. You did not accept a major credit card in the offerings. Instead, you receive a mail-order catalogue together with a charge card, useful only for ordering items from the catalogue. You are provided with the details that you will only receive an application for a major credit card only if you first purchase four Hundred dollar worth of merchandise from the catalogue.

Some companies with low rate credit card offers offer to transfer your balance at rates such as 6.9 percent for 6 months. Frequently this special rate may be for future new charges only and not for the shift of your balance transfer. Or the opposite may be produced with a high rate on all new purchases, but on the other hand you could be in fact worse off than before if the new interest rate is greater or you increase your credit spending due to a brief reduction in monthly payments. Some identity stealing cheaters will call with an extraordinary credit card offers which includes changing track credit card organizations but this is actually a deception ruse to get your credit card info or other personal information for their own illegal use.