Almost all banks around the US have started sending out pre-approved mail offers now to assist eligible customers with credit card applications. However, you can not go ahead and apply for every card. You need to choose the right mail offer instead.
If you have received a pre-approved mail offer, it means the bank has found a good offer for you and wants you to check it out. This does not guarantee that you would be approved but it would simplify the application process.
So now when you have made up your mind to respond to some selective credit card mail offers, how would you choose the right now?In my opinion Choose Capital One’s range of cards from Getmyoffer if you just started the journey towards a good credit Score.
Although there is no definite trick to choosing the right credit card mail offer, you simply need to focus on the type of credit card that you are in need of. Here are some tips that you can keep in mind when responding to the mail offer next time.
Go Through the Fine Print Carefully
Just because a mail offer landed in your box does not mean you should respond to it blindly. It is important to carefully read the terms and conditions associated with the card in case your application is accepted.
Checking out expenses is important as well. Look into how much the card is charging as an annual fee, what is the credit limit, how much will you have to pay a penalty for late payment, and what is the ongoing APR.
All of these factors would give you an idea about how costly it would be to maintain a credit card. If you think you can deal with such expenses, only then should you apply for the card.
Choose Credit Card Mail Offers With Additional Benefits
Some mail offers are simply an invitation to apply for the card whereas there are others that have more in stock. The advantage of such pre-approved offers is that you can apply for the card with better terms that are not available to the general public.
For example, Getmyoffer.capitalone.com has sent out mail offers with new reward programs, extra sign-up bonuses, and reduced introductory APR to some of its most eligible customers. Similarly pick First Premier Bank MasterCard by using 60secondpremier to avail extra sign-up bonuses, and reduced introductory APR.
These are known as private mail offers and they are not advertised on the official webpage. Private offers are meant for specific customers only keeping in view their application criteria and credit history. It is also possible that private mail offers differ from one person to another.
Only Apply If You Really Need a Credit Card
Regardless of how good a pre-approved mail offer looks, you don’t need to respond to it if you are in no need of a credit card.
Credit card application results in a hard inquiry. This will affect your credit score and the inquiry will remain on your credit report for a long period of time. Therefore, you have to decide carefully whether you are in need of a credit card or not.
So these are some tips and bits of advice that can help you choose the right credit card mail offer. We are sure these would help you decide the best credit card mail offer for yourself. If you need any further assistance, feel free to leave a review in the comment section below. We will get back to you shortly!
