This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

How To Opt Out Of Pre-approved Credit Card Offers





Although you may not be able to shut off the flow of direct-mail ads for credit cards entirely, you can narrow the stream.

The Fair Credit Reporting Act lets insurers and creditors send unsolicited offers based on information they learn about consumers through credit reporting bureaus. Anytime you get pre-approved credit card offers, you can bet the companies got information about your credit history to make sure you fit their target markets.

On the other hand, the law also gives you the right to just say no. Some consumers choose not to receive prescreened credit card offers because they want to protect their privacy, avoid the temptation to run up additional debt, or prevent thieves from stealing pre-approved applications from their mailboxes.

How to opt out of prescreened credit card offers

1. Opt out of credit card offers online

Make your request to opt out through the consumer credit reporting industry's website, OptOutPrescreen.com. The website guides you through the process of submitting your name, address, Social Security number and date of birth.

Within five business days, your name should then be removed from the lists that consumer credit reporting bureaus supply to companies wishing to make prescreened offers for credit and insurance. But don't be surprised if you continue to receive some credit card ads after you have opted out. Opting out only ends prescreened offers, not other direct-mail ads. In addition, you may continue to receive prescreened offers for several weeks after you opt out simply because some companies may have gotten your name before you submitted your request.

2. How long can you opt out?

You can choose to opt out from prescreened credit and insurance offers for five years or permanently, so decide how long you want to shut off the tap. If you want to opt out permanently, you must confirm your request in writing after you complete the information online. The website provides a form to print out and mail in.

Make informed decisions

It's easy to opt out of prescreened credit card offers. But before you pull the plug, do consider the upside. Sometimes prescreened solicitations let you know about offers not available to the general public and help you comparison shop for credit cards. But even if you do opt out, you can still find and apply for credit card offers online if you like and you can opt back in if you change your mind later as well.

null

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 17,712.66 +34.43 0.19%
S&P 500 2,061.02 +4.87 0.24%
NASDAQ 4,891.2190 +27.8570 0.57%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs