I just received this letter with a card in it. I did not apply for this card, so it was unsolicited and automatically SPAM. I has a $6500 limit and only a $99 annual fee with NO INTEREST, which sounds like a really good deal if I used it to the limit, BUT IT'S a RIPOFF! They only let you use the card for what they sell, and they expected me to want the card already, without even knowing what I can buy with it. This is a stupid deal, and there is no way I'd buy $6500 worth of naything anyways, unless they are selling cars. I ripped up the letter and cut the card into shreds. No REAL banks send pre-approved credit cards unsolicited. They may send applications, but they require your consent and you SSN before sending you any cards.
I have read so may reports here from people who fell for this scam and are missing hundreds of dollars, and I feel for them. Do not become one of them.
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