1 Family Gets 445 Credit Card Offers In A Year

After years of being opted out, I opted back in toward the end of 2008. I can tell you that I haven’t received much mail at all. I figured with FICO scores of nearly 800, I would be inundated with offers. No dice. If anything, I have seen a drop off in mail. Go figure. Gary Silbar wishes he was that lucky. His family received some 445 card offers from November 2007 through October 2008, according to the Chicago Tribune. For good measure, card issuers sent offers to Silbar’s children, ages 8 and 11, as well. From the story:When the economy soured halfway through the year, he expected the barrage of direct mail to slow to a drizzle. It did no such thing.The reason, experts say, is that Silbar and his wife, Karen, have good credit histories. He runs a public relations firm, Gary Silbar Communications, from his home and banks with Chase. That company, alone, sent 110 solicitations.Silbar wondered if his family was an anomaly and why banks continued to spend a ‘boatload’ of money on people like himself who don’t respond.I would love to know how many offers Silbar received after October 2008. My guess is that the offers dropped off substantially. Read the rest of the story here link.

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0 thoughts on “1 Family Gets 445 Credit Card Offers In A Year

  1. Thanks, hk. I blogged from my class — just as it was ending. Was moving too fast.Fixed.

  2. I’m thinking that it comes from frequent-flier lists and stuff like that. Kids get their own flier number and the card issuers get these lists from the airlines. That’s definitely one way.

  3. Between DW and I we still get an offer from Cap One every week. I already have 2 cap one cards and DW doesnt’ want one and has never responded to an offer. Still they come….

  4. Real estate pays my bills, but it’s been slow lately. I’m 52 days behind on the mortgage. The credit card solicitations HAVE NOT STOPPED. Banks have learned nothing.

  5. First off, Jelly, I hope you fare well. Good luck on getting that mortgage situation squared away.As for the card offers, I’ve never been loved by these card issuers. Maybe they just know that I never respond to their offers. No idea. But I rarely get anything in the mail.I’m just plain lonely.

  6. My (crappy) offers dried up about a year and a half ago, but thanks to CB and CM the ones I get now are much better. I can’t imagine what I’d be getting if it weren’t for the crunch.It sucks that now is the worst time to accept the really good offers that are finally trickling in.

  7. Yeah, I just received a US Bank offer for 0% purchase for 15 months or 3.99 BT no AF or BT fees til 2014. Right now I have no use for either (I am all about cash back now). A year ago I would have killed for this offer.Timeing is everything.

  8. CreditMatters, With your high FICO scores, you look attractive to the gold diggers of the banking world. But when they see how stingy you are with money, they drop you in a New York minute.;-)

  9. so I have a BK and am opted out. I don’t get any CC offers what so ever. However there is this one place that keeps sending me mail about buying a car with great rates even though I have BK etc… any way I can sue these guys? having them remove me from their mailing list just seems boring :)

  10. CM: Not sure how your school does it, but my Uni LOVES to sell student info to 3rd parties. I opted out of their "information sharing" a long time ago, but friends who've not done so get a deluge, often by the same banks over & over again. One of them usually gets an Amex offer every month. I don't quite get it. Most of my friends are grad students, with most of them living off their student loans. Are people who are already living in debt really that attractive to the banks? Sure, they might be able to charge up large $$$'s, but ability to get paid back would be my first concern. As an aside, does anyone remember the pre-do-not-call-list days? I almost miss those. It was a great stress reliever to have someone to take out my frustrations and yell at after a bad day. However, I didn't need 6-18 calls a day to get the job done.

  11. Confidential to TheVibeRAIDER:Due to recent events, the expression ‘a New York minute’ has been replaced by ‘a Michael Phelps minute.’Please update your brain cells accordingly.

  12. Sean, not sure why I don’t get more mail. Not sure how our school handles its mailing lists, either. I’d opt for a nice phone call too.

  13. Fareed Zakari of Newsweek once gave an interview saying an average american has 13 credit cards which is a pretty big number for credit cards.I guess when you receive 445 spam mails in one year,some point of time you give in to the temptation and accept it. I wonder what is the conversion ratio,receiving a pre-approved offer and people accepting it?.This is an old article http://articles.moneycentral.msn.com/Banking/CreditCardSmarts/1In7AmericansCarries10CreditCards.aspxby still throws some light on the number of cards people carry.

  14. PJ, yeah. Two things. Back in the day — before I learned how to play this game — I got denied by Discover. Twice. Once I learned the game, though, and realized that I could get approved for a Discover card, I decided that I didn’t want one. Plus, Discover offers conservative credit limits that don’t appeal to my sense of ‘bigness.’ Haha.

  15. I still get offers once in a blue moon however they are for crappy cards like first premier, etc which I don’t need.

  16. Because of the current economic situation, Jan 2009 has to be the slowest I’ve ever seen in my 20+ years with the postal service. To me, it feels like the dog days of summer (Jun-Aug).

1 Family Gets 445 Credit Card Offers In A Year

After years of being opted out, I opted back in toward the end of 2008. I can tell you that I haven’t received much mail at all. I figured with FICO scores of nearly 800, I would be inundated with offers. No dice. If anything, I have seen a drop off in mail. Go figure. Gary Silbar wishes he was that lucky. His family received some 445 card offers from November 2007 through October 2008, according to the Chicago Tribune. For good measure, card issuers sent offers to Silbar’s children, ages 8 and 11, as well. From the story:When the economy soured halfway through the year, he expected the barrage of direct mail to slow to a drizzle. It did no such thing.The reason, experts say, is that Silbar and his wife, Karen, have good credit histories. He runs a public relations firm, Gary Silbar Communications, from his home and banks with Chase. That company, alone, sent 110 solicitations.Silbar wondered if his family was an anomaly and why banks continued to spend a ‘boatload’ of money on people like himself who don’t respond.I would love to know how many offers Silbar received after October 2008. My guess is that the offers dropped off substantially. Read the rest of the story here link.

This entry was posted in Uncategorized by . Bookmark the permalink.

0 thoughts on “1 Family Gets 445 Credit Card Offers In A Year

  1. I’m thinking that it comes from frequent-flier lists and stuff like that. Kids get their own flier number and the card issuers get these lists from the airlines. That’s definitely one way.

  2. Between DW and I we still get an offer from Cap One every week. I already have 2 cap one cards and DW doesnt’ want one and has never responded to an offer. Still they come….

  3. Real estate pays my bills, but it’s been slow lately. I’m 52 days behind on the mortgage. The credit card solicitations HAVE NOT STOPPED. Banks have learned nothing.

  4. First off, Jelly, I hope you fare well. Good luck on getting that mortgage situation squared away.As for the card offers, I’ve never been loved by these card issuers. Maybe they just know that I never respond to their offers. No idea. But I rarely get anything in the mail.I’m just plain lonely.

  5. My (crappy) offers dried up about a year and a half ago, but thanks to CB and CM the ones I get now are much better. I can’t imagine what I’d be getting if it weren’t for the crunch.It sucks that now is the worst time to accept the really good offers that are finally trickling in.

  6. Yeah, I just received a US Bank offer for 0% purchase for 15 months or 3.99 BT no AF or BT fees til 2014. Right now I have no use for either (I am all about cash back now). A year ago I would have killed for this offer.Timeing is everything.

  7. CreditMatters, With your high FICO scores, you look attractive to the gold diggers of the banking world. But when they see how stingy you are with money, they drop you in a New York minute.;-)

  8. so I have a BK and am opted out. I don’t get any CC offers what so ever. However there is this one place that keeps sending me mail about buying a car with great rates even though I have BK etc… any way I can sue these guys? having them remove me from their mailing list just seems boring :)

  9. CM: Not sure how your school does it, but my Uni LOVES to sell student info to 3rd parties. I opted out of their "information sharing" a long time ago, but friends who've not done so get a deluge, often by the same banks over & over again. One of them usually gets an Amex offer every month. I don't quite get it. Most of my friends are grad students, with most of them living off their student loans. Are people who are already living in debt really that attractive to the banks? Sure, they might be able to charge up large $$$'s, but ability to get paid back would be my first concern. As an aside, does anyone remember the pre-do-not-call-list days? I almost miss those. It was a great stress reliever to have someone to take out my frustrations and yell at after a bad day. However, I didn't need 6-18 calls a day to get the job done.

  10. Confidential to TheVibeRAIDER:Due to recent events, the expression ‘a New York minute’ has been replaced by ‘a Michael Phelps minute.’Please update your brain cells accordingly.

  11. Sean, not sure why I don’t get more mail. Not sure how our school handles its mailing lists, either. I’d opt for a nice phone call too.

  12. Fareed Zakari of Newsweek once gave an interview saying an average american has 13 credit cards which is a pretty big number for credit cards.I guess when you receive 445 spam mails in one year,some point of time you give in to the temptation and accept it. I wonder what is the conversion ratio,receiving a pre-approved offer and people accepting it?.This is an old article http://articles.moneycentral.msn.com/Banking/CreditCardSmarts/1In7AmericansCarries10CreditCards.aspxby still throws some light on the number of cards people carry.

  13. PJ, yeah. Two things. Back in the day — before I learned how to play this game — I got denied by Discover. Twice. Once I learned the game, though, and realized that I could get approved for a Discover card, I decided that I didn’t want one. Plus, Discover offers conservative credit limits that don’t appeal to my sense of ‘bigness.’ Haha.

  14. Because of the current economic situation, Jan 2009 has to be the slowest I’ve ever seen in my 20+ years with the postal service. To me, it feels like the dog days of summer (Jun-Aug).

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