USA   |   UK   |   Australia   |   Canada
ADVERTISEMENT

Beware of unsolicited First National 'credit cards' in the mail

By

Consumers need to be wary about any unexpected credit cards they are sent in the mail, following recent reports of individuals receiving what looks to be a traditional credit card bearing the First National logo.

Compare Low Interest Credit CardsIn this case, what appears to be a normal Visa or MasterCard is in fact no such thing. Rather, these unsolicited cards are in fact merchant cards which are only good for buying merchandise from a specific catalog.

An accompanying letter explains that if the credit card is activated immediately, the standard $200 activation fee will be waived. Unfortunate consumers who activate the card without paying attention to the fine print discover too late that they have not been preapproved for a traditional credit card at all.

Anyone who is sent such a card or similar unsolicited credit card should be sure to read all the fine print before they take any action. Additionally, they may want to research the company that is offering the card through the Better Business Bureau, which can be found online at www.bbb.org. They should never provide an unknown company with personal or financial information.  

Meanwhile, consumers who want to block credit card mail solicitations altogether can choose to opt out by visiting the Direct Marketing Association online at: www.dmaconsumers.org/consumerassistance.html. 

To comment on this story, write Editors@CreditCards.com.

More credit card news.

Published: May 10, 2007


If you are commenting using a Facebook account, your profile information may be displayed with your comment depending on your privacy settings. By leaving the 'Post to Facebook' box selected, your comment will be published to your Facebook profile in addition to the space below.

Three most recent Legal, regulatory, privacy issues stories:
  • 6 ways to thwart pickpockets – Cybercriminals and data breaches get all the headlines today, but don't forget low-tech, fast-fingered pickpockets are still out there, blending in the crowd, eager to snatch your wallet ...
  • U.S. Bank refunds $48 million for add-ons – The Consumer Financial Protection Bureau extended its crackdown on bank add-on products to U.S. Bank, which charged for credit protection products that consumers didn't always receive ...
  • Fed holds course toward rate hike in 2015 – The Federal Reserve indicated that it will keep interest rates at historic lows for the time being to support the job market, but higher rates are coming ...

Share This Story




Follow Us!


Credit Card Rate Report

Updated: 10-02-2014

National Average 15.07%
Low Interest 10.37%
Business 12.80%
Balance Transfer 12.82%
Student 13.24%
Cash Back 14.98%
Reward 15.05%
Airline 15.46%
Bad Credit 22.73%
Instant Approval 28.00%

ADVERTISEMENT
ADVERTISEMENT