Do you always open all your mail? Or do you get busy and assume that it’s junk mail or just another credit card offer? Today I saw a news cast on one very good reason why you should always open your mail and read the fine print.
10TV.com reported on a Columbus, Ohio man who recently opened his mail to find, not just a credit card offer, but a credit card. A credit card that he never asked for or completed an application for. But here it is.
Reading through the letter that accompanied his brand new Discover Card he finds out that his particular membership at Sam’s Club includes a Discover Card, unless you “opt -out” either when registering your Sam’s Club membership or when sent a letter which let’s you know you were approved and your credit card is on its way.
Sam’s Club is not the only store that offers this type of “service.” Macy’s customers found that they had become the not so proud owners of Citibank MasterCards. Apparently, 3.5 million Macy’s customers were issued the Citibank MasterCard that they could use anywhere, since they were already users (in same cases even inactive users0 of the Macy’s store credit card. JC Penny, Sears, and Target have also performed a similar service.
Isn’t receiving an unsolicited credit card against the many credit card laws that are meant to protect consumers? Continue reading Unsolicited credit cards: What to do with them and who is “offering” them