Each day, preapproved credit card offers fill the mailboxes and inboxes of millions of Americans. Before accepting one of these offers, you should know a few basic facts about what you might be getting into. So before you go any further, read through this list of seven interesting — and sometimes surprising — facts about preapproved credit cards.
1. Credit Card Companies Get Your Info From Credit Bureaus
Have you ever wondered how you prequalify for credit cards from companies when you don’t do business with them? The truth is that credit card companies get your information from the major credit reporting agencies.
