How to Detect a Credit Card Scam

Released on: January 16, 2008, 10:28 pm

Press Release Author: barbara camie

Industry: Financial

Press Release Summary: In these days, Credit card scams has became very common. You
cannot consider an offer as legitimate because most of the times they charge a
despicable annual fee, very high rate of interest and other odd terms.

Press Release Body: Various companies may offer you a pre-approved credit card of
Visa or MasterCard by disguising their original identity. These offers are actually
appropriate for catalogue clubs or store clubs. Usually they offer you a
pre-approved credit card with a limit of up to $5,000 and you don't need to make a
security deposit. Technically they make you believe through their mail that you can
restore your credits and experience again the convenience of your personal credit
card. But this may considered beyond reality. You will not hesitate for jumping on
any credit card offer that arrives in your mail if you are frantic for your own
credit card. This is why, you should necessarily read thoroughly over the mail to
point out the fine prints and make a wise decision.

They will claim that your MasterCard is already pre-approved and you are able to
activate your card by simply verifying your personal information. All you have to do
is fill in your information, sign the offer and send it back to the address of the
issuers. Once they get the required information they will rapidly send you your
MasterCard. But if you have read the mail carefully you will find that this credit
card is not a usual MasterCard. Your card can only be used to purchase a product
from their online store or at a particular shopping mall. This credit card is
nothing but a useless plastic wastage anywhere else. Usually only house ware items
and off brand electronics only can be purchased using these credit cards. Moreover
they will charge an extremely high rate of interest which may be up to 45%.

Throwing away would be the best way to treat with these kinds of credit card offers.
If you really wish to develop your credit score, use the money that you would use to
activate these fake credit cards for applying a reputed and secured card. A reputed
company will report your activities to the credit bureaus which will make you start
repairing your low credit. So it is very important to perform a complete read due to
find the fine prints when you receive a credit card offer.


Web Site: http://www.creditcardapplication4apply.info

Contact Details: creditcardapplication4apply
3234 Riveria Apartment IInd Street
Near Admond Park
barbaracamie@gmail.com
212222345
http://www.creditcardapplication4apply.info

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