Got a Credit Card Offer? What Does The Fine Print Say?
You were probably one of the recipients of the more than 6 billion credit-card offers that were mailed to Americans last year. With so much competition for your attention, credit-card companies are coming up with new come-ons to entice you toward their piece of plastic. A word of advice – don’t get distracted by those goodies. Dailybreeze.com reports:
Credit-card offers typically have other gotchas embedded in small print elsewhere on the mailing. Our Chase pitch, for example, opened with a promise that the recipient is "pre-approved." But when we squinted to read the explanation in a section titled "Terms and Conditions," we discovered that approval is based on a review of the recipient’s credit report and application.
Read more: Check the fine print on credit card offers
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