![]() |
|||
![]() |
Pre-approved credit cards are the result of one bank who now has you as a customer, and sells your name to another bank or a series of banks so they can offer you their credit cards. Here's how it usually works:
Many smaller banks want to be credit card issuers but, because of limited facilities for credit card processing, it is sometimes difficult for a smaller bank to cash in on the credit card boom.
What's been developed is an interconnect system where large banks will process credit card applications and issue the credit cards for the little banks.
For example, let's say that Mini Savings & Loan wants to get in on the Plastic Pursuit. However, Mini does not have the facility or the staff to process credit card applications and issue credit cards. What Mini has to do is contract the service with Maxi Bank.
Since Maxi has several banks that they provide this service to, Mini Savings & Loan is just a welcome addition to their roster of client banks for whom they process and issue credit cards.
When you apply for a credit card at Mini Savings & Loan, your application is actually forwarded to Maxim Bank who runs a credit check and, granting you have good credit, issues you your choice of VISA or MasterCard with Mini Savings & Loan's name on it.
However, since Maxi is the issuing bank and since it has your credit on their file, they can very well send you an application for their own credit card. They can also sell your name to their other client-banks who can offer you their credit cards on a pre-approved basis.
Another source that sells your name is the credit bureau. Because they can program their computers to search for names of existing credit card holders with clean and healthy files, they can provide issuing banks with a premium mailing list of people to whom the banks can send pre-approved credit card applications.
Article reprinted with permission from Strategic Services. All rights reserved. Article reprint requirements:
HOME PAGE || About Us || Contact Us || Privacy Policy || Terms of Use || Entrepreneur Coaching || Business Entrepreneur Blog || Subscribe to Newsletter || Free Books & Business Manuals || Famous Quotes || Buy website business || Link Directory – add URL || Write your own eBook || Small business resources || Internet Business Resources || Business Resources || Business Entrepreneur resources || Affiliate Income Resources ||
================================================= DISCLAIMER: The business credit card help resources on this site are not intended to be a substitute for professional advice. While all attempts have been made to verify information provided in this publication, neither the author nor the publisher assumes any responsibility for errors, omissions or contrary interpretation of the subject matter herein. There is no guarantee of validity of accuracy. Any perceived slight of specific people or organizations is unintentional. This website and its creators are not responsible for the content of any sites linked to. The business credit card help contents are solely the opinion of the author and should not be considered as a form of advice, direction and/or recommendation of any kind. If expert advice or counseling is needed, services of a competent professional should be sought. The business credit card help author and the Publisher assume no responsibility or liability and specifically disclaim any warranty, express or implied for any products or services mentioned, or any techniques or practices described. The purchaser or reader of this publication assumes responsibility for the use of these materials and information. Neither the author nor the Publisher assumes any responsibility or liability whatsoever on the behalf of any purchaser or reader of these business credit card help materials. Site content description: If you just want to make your own website, or as a business entrepreneur, even make a business website that is profitable an drives traffic to your existing business, Strategic Services make your own website resources and directory links will make it fast, simple for you to do with cheap internet hosting. This page has information to business credit card help make your own website for fun or make a business website as a business entrepreneur wanting a home based business opportunity that earns you a top affiliate income with a company that provides the internet business entrepreneur with everything you need to make your own website as well as cheap internet hosting. Subject matter on the site includes information and directory links to topics on business credit card help, how to make your own website, how to make a business website, the best provider for quality cheap internet hosting, business credit card help, self help personal development training materials for business entrepreneur executive skills, business credit card help, home based business opportunity outline for internet home based business opportunity, and getting internet home work income business development, including how to start a small business, business credit card help, free sample business plan for home based business opportunity, business credit card help, small business web site design tips, and help for business credit card help making your own website, with a free sample business plan template manual and other business resource for business entrepreneur who wants to make your own website or business credit card help make a business website with cheap internet hosting. This directory also has a section on business credit card help, human resource website with HR articles, business credit card help, free recruitment and career in consulting outlines, business credit card help, human resource articles, latest industry business news updates and other free business resources being loaded on the site every week. ================================================= Back to Top of page credit card help | ||