February 23, 2022 –Hispanic Solutions Group
While these pre-approved offers can be helpful if you’re in the market for a new card, they can be a hassle when you’re not. The good news is that you can stop receiving these offers at any time by canceling your subscription.
Read on to learn how to stop receiving credit card offers in the mail.
How to Opt Out of Credit Card Offers in the Mail Credit card offers can end up in your mailbox in a variety of ways, most commonly as a marketing tactic by card issuers. The Reporting Act (FCRA) allows credit reporting agencies,
including Experian, TransUnion and Equifax, provide credit card companies with a list of people who meet the credit requirements to pre-qualify for specific cards. Credit card issuers then use this information to send consumers pre-approved or pre-screened credit card offers, also called firm credit offers.
There are benefits to receiving firm offers in the mail. Pre-approved credit card offers give you valuable information about cards you’re likely to qualify for, helping you stay connected to the credit market. Some issuers also offer pre-screened consumers exclusive rewards, terms and offers not available to the general public.
That said, there are also valid reasons to opt out. If you’re not interested in applying for a new credit card, want to cut down on paper clutter, or prefer to compare credit cards online, opting out of pre-screened offers may be the best option for you.
When you opt out of credit card applications, the credit bureaus stop providing your credit information to credit card issuers. You can opt out for five years or permanently, and there are three free and easy ways to do so:
Opt out online
If you’ve decided to opt out of receiving credit card offers in the mail, the easiest way to do so is to go to OptOutPrescreen.com, the credit bureau’s official opt-out site. Press. Click here to opt in or out at the bottom of the screen and follow the instructions to complete the form.
Please note that while you are not required to provide your Social Security number and date of birth, this information remains confidential and helps ensure that your application is processed correctly. Then select either 5-Year Electronic Exclusion or Permanent Mail-in Exclusion.
If you opt out permanently, you must print the Notice of Opt-Out Election form, sign it, and mail it in the U.S. Mail to: Opt-Out Department PO Box 530200 Atlanta, GA 30353 phone To opt out by phone, call 888-5-OPT-OUT (888-567-8688).
You will be asked to provide your name and address to stop receiving credit card offers. You will also be asked for your Social Security number and date of birth.
If you opt out permanently, you will receive the Notice of Election to Opt Out form in the mail. Please sign and mail it to complete your application.
Opt out of receiving direct mail
Opting out through the credit bureaus’ official opt-out site will only affect credit card mail from issuers that use the list compiled by the national credit reporting agencies.
If you want to stop receiving marketing mail altogether, consider opting out of direct mail marketing to limit mail from companies trying to sell you a product or service. To stop receiving direct mail, visit the Direct Marketing Association (DMA) website at DMAChoice.org, or call 212-768-7277.
How long does it take before I stop receiving shortlisted offers?
Once you opt out by phone or online, your request will be processed in five days or less. At that time, your name will be removed from the credit bureaus’ list of consumers of firm offers.
You may continue to receive some credit card offers for several weeks because some credit card issuers may have already started the process of pre-screening your credit offer before your application was processed. You may also continue to receive credit mail from credit card companies you have previously worked with.
Lastly, opting out of credit card offers will only stop mail from issuers using lists compiled by major credit bureaus. It will not prevent credit issuers from accessing your information from other sources.
Does opting out of shortlisted offers hurt my credit score?
Opting out of receiving pre-screened offers by mail will not harm or help your credit score or affect your credit history in any way. It also won’t stop you from shopping for credit products online or applying for a new credit card.
what you should know
Ultimately, your decision is to opt out of receiving pre-screened offers of credit. You can opt out if you don’t want to be bogged down by multiple offers, or you can choose to continue receiving offers that keep you up to date on your credit card matches, which can help you choose your next card.
If you want to reduce paper clutter but are worried that opting out of credit card offers will jeopardize your ability to compare cards, consider using Experian’s CreditMatch™ marketplace to easily find offers that match your credit profile, allowing you to compare your best options.
Opting back in to receiving credit card offers by mail is easy. Therefore, if you are not interested in receiving prescreened offers at this time, you may opt out now and opt back in at any time by visiting the same site you visited to opt out, OptOutPrescreen.com, or by calling the toll-free number number, 888-567-8688.
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