O'Reilly logo

The Truth About Avoiding Credit Scams: The Essential Truths in 20 Minutes by Steve Weisman

Stay ahead with the world's most comprehensive technology and business learning platform.

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, tutorials, and more.

Start Free Trial

No credit card required

TRUTH 1 Credit cards

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 ...

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, interactive tutorials, and more.

Start Free Trial

No credit card required