![]() ![]() How You Can Take Advantage of Credit Card Offersįor people who pay their balances in full, the rewards cards are generally the most, well, rewarding they’ve ever been, Clark says. Those who don’t mind big annual fees: “They’re trying to get what’s known as the ‘mass affluent’ - which, depending on how you define it, is the top 10% or 20% of income owners in the country who like to travel - to sign up for these cards with these hefty annual fees.”Īlthough the credit card industry would have you deep in debt if you’re not careful, Clark says you can use these solicitations as an opportunity to maximize the value of your credit cards.Big chargers who like rewards: “They’re trying to lure people who are big charge volume people with reward cards.”.People who don’t pay attention to interest rates: “They’re trying to get people hooked on paying those huge interest rates as one slice of the market,” he says.Here are three target markets that Clark says credit card companies are going after: Their goal is to ”throw as much credit at you as they possibly can and get you hooked on a lot of debt.” “Banks are looking for people who tend to not pay their balances in full,” he says. If you find that you’re getting more credit card offers, or perhaps you were earlier this year, Clark says it could be because mass solicitations are part of a game that credit card companies often play to lure new customers. Why You May Be Getting More Credit Card Offers These Days Read our in-depth guide on how to stop junk mail. It’s safe to put it in at OptOutPrescreen.” ![]() The entire credit-reporting system works on Social Security numbers,” he says. Note that the OptOutPrescreen does require you to disclose some personal information such as your Social Security number, but Clark says, in this case, it’s OK. ![]() “ tells the credit issuers and the credit bureaus that you don’t want these solicitations.”Ĭlark says, if you input your information on the website, “that will eliminate probably about 90% of the solicitations any of us get.” How To Stop Unsolicited Credit Card Offers From Flooding Your MailboxĬlark says to put an end to credit card offers that show up in your mailbox, you should go to and fill out a form to opt out of receiving such mail. In this article, I’ll go over how to stop these credit card offers and detail Clark’s advice on how to get the most value out of a credit card. With credit card interest rates on the rise, consumers would do well to be extra cautious about accepting any and every credit card offer they receive in the mail these days.Ī Clark Howard Podcast listener recently asked how she could stop the “unsolicited ‘pre-approved’” credit card offers that are inundating her mailbox. ![]()
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