Chapter 37. Credit cards

 

“Who is going to believe a con artist? Everyone, if she’s good.”

 
 --Andy Griffith as Matlock

It isn’t uncommon for you to receive a notice for a credit card that seems to say that you’ve been preapproved (whatever that may mean) for a credit card that may provide you with a low interest rate, a high credit limit, and an incredible rewards program. In fact, it may promise just about anything. The truth is, the preapproval letter actually is just an invitation to apply for a credit card at an interest rate that will be determined later depending on your credit report and credit history.

When you actually receive a credit card after responding to the “preapproved” application, you should make it a point to carefully read the ...

Get The Truth About Avoiding Scams now with O’Reilly online learning.

O’Reilly members experience live online training, plus books, videos, and digital content from 200+ publishers.