Preferred Cardholder Division
Sly, sneaky little business read the fine print or better yet if you get one of these mailings immediatly burn it

This company is a completely sly, sneaky little business. They send you a check for $3.25 saying that if you cash it, they will give you a visa or mastercard with a $2,500 limit plus credit protection and $100 plus plane tickets in case of an emergency which is to be paid back within 30 days.

Well, if you read the fine print on the back on the check, you will find out the following. When you cash the check, they ask for your existing visa or mastercard number. They charge $78.03 to your existing card for your "Credit protection" which most creditors offer for free. They then send you an application for a visa or mastercard with a $2,500 limit, which not only can you be turned down for, but if you really want a $2,500 limit credit card, just go to Wal-Mart and apply for one there. It's free. So the only good thing you might get out of this company is the $100 plus plane tickets, and even that you have to pay back within 30 days or be charged an insane amount of interest. I suggest if you get one of these mailings, you immediatly burn it.

Company: Preferred Cardholder Division
Country: USA
State: Maryland
City: Lanham
Address: 4501 Forbes Boulevard

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