Does opting out of prescreened credit card offers effect immediate store credit such as a Sears card?
by Author on Sunday, August 29th, 2010 | 2 Comments
I'm talking about the Sears credit card offers they make at the register. They denied me due to unfavorable credit history-- which I don't have, and recent credit applications-- which I haven't made. I checked my Equifax report and everything is normal-- the only reason I can think of is the opt-out but I can't confirm it.
Related Credit Card Sites
- Sustaining Your Useful Credit History In Hard Periods | Online Degrees and Online Degree Programs
- Credit Card Applications For Novices | Compost Manure
- Sears’ Salute to Heroes Sale & Gift Card GIVEAWAY! :The Fashionable Housewife
If you enjoyed this post, make sure you subscribe to my RSS feed!
No. I’ve been enrolled in the opt-out for about three years and have never ran into this problem. Since you know you have good credit, ask them for a copy of the credit report (you are entitled to by law after denial). Odds are some info was input wrong either on your report or on the Sear’s request for it. This way you see what they see… The opt-out program just limits you to only receive offers from companies that you already hold an account with; it has no effect on your credit score but it does limit the number of inquiries which helps your score in the long-haul. Keep in mind that Sears may have pulled your report from Transunion or Experian, without checking the Equifax report.
You probably have a lack of credit history. I have the same problem. Try getting a credit card for high risk people such as Orchard Band Mastar Card. The interest is high but it will establish your credit.. Use it every month and then pay the whole think off. Then you should be able to get a Sears card. They are hard ot get I hear.