![]() ![]() Visit the website and enter your personal information. To opt-out of credit card offers, call 1-888-5-OPT-OUT or visit the website.Įxcerpted from Zero Debt: The Ultimate Guide To Financial Freedom. Fortunately, there’s an easy way to opt out of receiving credit card offers in the mail. So who needs that kind of tease – only to be disappointed? Do yourself a favor, and instead of getting frustrated with this system, opt out instead. You can opt out of prescreened lists prepared by the national credit reporting. But you can opt out of getting these marketing materials by asking the credit card issuer to. You fit a certain profile, and that’s why they made you the offer in the first place. The FCRA provides consumers with the right to opt out of prescreened offers, both regular mail and email offers. Some banks send balance transfer credit card offers in the mail at least once a month. But they had a sense of your credit history when they first solicited you. If you ask why you didn’t get the $20,000 limit or whatever was originally indicated on the credit card offer, the bank’s reply will always be the same: “Our decision was based on your credit history and current credit use.” Sure it was. And last, you’ll put an end to being frustrated by credit card companies that ultimately decline your application or turn you down for the amount of credit they originally used to tempt you.įor example, have you ever received a credit card offer in the mail, promising you “up to $20,000?” Then when you finally take the bait, and go ahead and apply for the blasted card, you wind up getting approved all right – but the limit is more like $2,500 or $5,000. By opting out, you will also save yourself the time and effort of having to deal with so much junk mail day in and day out.ĥ. This law permits you to opt out of pre-screened credit offers, thereby greatly reducing the amount of pre-approved credit offers that come to your home. Reducing the number of credit card solicitations you receive can reduce your risk of being victimized by identity theft.Ĥ. Additionally, you’ll protect your credit score, because every time you apply for a new credit card, an “inquiry” goes on your credit file.ģ. For starters, you’ll keep yourself from going deeper into debt by limiting the number of credit cards you have.Ģ. It’s worth it to opt out of getting these pre-approved offers, for many reasons.ġ. This law permits you to opt out of pre-screened credit offers, thereby greatly reducing the amount of “pre-approved” credit offers that come to your home. No matter how many tantalizing credit offers banks dream up, you can minimize the clutter in your mailbox, thanks to the Fair Credit Reporting Act. ![]()
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