credit card offers
Why do you get more credit card offers when your credit score is low than when it is high?
I receive more credit card mail a month after my credit score drops than when it is high. It’s been low for a while and I have received dozens more mail than I have ever before. When it goes up I will see if it slows down and report back.
Unfortunately, many credit card companies “prey” on people with less-than-perfect credit.
CC companies don’t really make a lot of money off of people who manage their cards responsibly, pay off their balances quickly, pay on time and never overdraw their accounts. Nor do they make money off of those who open credit, charge it and then let it go to collections w/o a second thought. No. They make money off of people who *sometimes* make bad credit decisions. They don’t go for the people who are deadbeats – those with tons of collections on their accounts. They’ve proved that they are not to be trusted. The CC companies go for people who fall behind and try really hard to catch up – people who have been delinquent in the past, but ususally show good faith of paying what they owe. Those are the people who will pay the late fees and over-the-limit fees. They cc companies can justify charging this customer a higher interest rate b/c of those issues. That’s how they make their money…off of honest, hard-working people who have stumbled in the past. Sad but true!
Apply Online | Student Credit Card Offers
Online credit card applications can be found at www.goodstudentcreditcard.com where students can compare the best student credit card offers currently available for students. Conscientious credit card use can lead to a lifetime of low-interest rate loan opportunities like auto loans, mortgages and other forms of consumer credit. Even though students tend to have limited credit histories and lower reportable incomes, good students enrolled in universities and colleges throughout the country are often given the opportunity to start building a credit record early. This is an opportunity that should be highly valued, particularly in light of the enduring credit crisis which has made it difficult for many people with good credit records to receive new credit cards, mortgages and auto loans.
Student credit cards issued by Discover and Capital One are specifically designed for student applicants. Some of the features offered by these credit card issuers include:
• No Annual Fee
• 0% Interest for a fixed period of time
• Cashback Bonuses
• $0 Fraud Liability Guarantee
During this climate of economic instability, illiquidity in the credit markets, uncertainty in the stock market, and the softening real estate market, one thing remains constant – good students should be given the opportunity to build a credit history. Responsibility, however, is required. It is important for students to remember that if they don’t have enough money to buy something now, you should consider saving up until you can. Credit cards are most beneficial when then balance is paid in full every month. They should be treated like cash in your wallet. In these difficult economic times, where credit is proving to be more difficult to come by, it is important to establish a strong credit profile by obtaining credit early and maintaining a consistent payment history. Student credit cards issued by Discover and Capital One are perfectly designed for student applicants.
Visit www.goodstudentcreditcard.com to apply online in a few short minutes.