Have you been getting more pre-approved offers from Credit Cards lately?

[Like2Plan]

I noticed that we have received a bunch of 0% credit card offers recently.
But, anyway I saw this article in the WSJ today:

An article from the Wall Street Journal.
Credit-Card Debt Keeps Falling. Banks Are On Edge.
BY ANNA MARIA ANDRIOTIS
May 11, 2021 5:33 am ET

https://www.wsj.com/articles/credit-card-debt-keeps-falling-banks-are-on-edge-11620725580

From the article:
"Large card issuers that cater to borrowers ranging from the affluent to the subprime say that overall card balances—and thus the firms’ interest income—are falling. To make up for it, issuers are spending more on marketing and loosening their underwriting standards."

"Now, even as Americans return to spending on their credit cards, they are continuing to pay down their card balances. That signals many borrowers are faring well even during the pandemic. But many card issuers rely on growing card usage and balances for their revenue, and they are wondering if the pandemic trends will turn into a long-term shift."

[disneysteve]

Not here. We hardly ever get them. Maybe a couple per month.

[HundredK]

Yes, I've noticed this a lot lately. Even with my existing cards - like AmEx who keeps telling me to charge as much as I want and then put it on a zero interest payment plan for a year with no fees! I suppose they're hoping people will do that and then not pay it off in time.

[kork13]

I'm not getting much in the way of credit card offers (besides from places where I already have an established financial relationship), but I'm also on the registry to NOT get them, and actively avoid allowing my information to be shared when possible.

However, those established relationships with banks or other CCs are definitely marketing quite strongly. Zero interest, bonus offers, add authorized cardholders, extended payment plans, etc... It really kinda makes me smile to see them so desperate. Sure, it might mean my CC rewards get trimmed down, but if it means society as a whole actually makes a real dent in its outstanding CC debts? Shoot, I'll take it as a win.

[scfr]

Not here. I wonder if they have us on their blacklists as "take the bonus and then close the card" types?
We are getting lots of mortgage offers ever since we bought the piece of land our house is being built on. "Sorry Charlie" - we're not taking the bait. Save your printing and postage costs.

[Like2Plan]

Not here. We hardly ever get them. Maybe a couple per month.

A while back I opted out of the CC offers, so I get none. I think I did this for DH, too, but his may have expired because all of the sudden he has received several offers. (I think the opt out is only good for 5 years). I also opted us out of junk mail, but we still get tons of it.

Yes, I've noticed this a lot lately. Even with my existing cards - like AmEx who keeps telling me to charge as much as I want and then put it on a zero interest payment plan for a year with no fees! I suppose they're hoping people will do that and then not pay it off in time.

I think so, too.

I'm not getting much in the way of credit card offers (besides from places where I already have an established financial relationship), but I'm also on the registry to NOT get them, and actively avoid allowing my information to be shared when possible.

However, those established relationships with banks or other CCs are definitely marketing quite strongly. Zero interest, bonus offers, add authorized cardholders, extended payment plans, etc... It really kinda makes me smile to see them so desperate. Sure, it might mean my CC rewards get trimmed down, but if it means society as a whole actually makes a real dent in its outstanding CC debts? Shoot, I'll take it as a win.

I agree with you--good for the consumers overall. But, then it might mean more fees for the "deadbeats" who pay their balances in full each money.

Not here. I wonder if they have us on their blacklists as "take the bonus and then close the card" types?
We are getting lots of mortgage offers ever since we bought the piece of land our house is being built on. "Sorry Charlie" - we're not taking the bait. Save your printing and postage costs.

That is too funny. I love those bonuses, too.

[bjl584]

Thankfully I never get any.
My identity theft service blocks them