Do you accept all pre-approved credit cards?
I recently received an unexpected upgrade to one of my credit cards from a regular run of the mill card to a gold card. It was unsolicited and in my mind, unwarranted but it came anyway with an upgrade to my credit limit too. All I had to do was to call up the card issuing company and activate the card. Perhaps, I keep Excellent Credit with this bank as I pay off all my bills on time most of the time.
So, did I accept it? No I did not. The reason is simply because I have no need for yet another gold credit card nor for a rise in my credit limit. Also, I was unhappy that the bank was only going to transfer across a certain percentage of my accumulated points. It would seem therefore that I was using my points to “buy” an upgrade to my credit card which any other bank would have offered without restrictions anyway!
This isn’t the first time I’m receiving a pre-approved credit card. I’ve rejected all previous cards too for various reasons. The key reason for all my rejections is that I already have sufficient credit cards for my needs and I want to control my credit spending limits. Do you accept all the pre-approved credit cards you receive? It sure is tempting!