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pqrdef
pqrdef Posts: 4,552 Forumite
Nice letter from Capital One to say I'm pre-selected (not quite the same as pre-approved) for their bad-credit card. Horrendous API, no cashback, no 0% BT, bottom of the range. Not even the slightly-better card for people who've improved a bit since the CCJs.

What does this mean?

And just when I was looking at their Elite card with the concierge service.
"It will take, five, 10, 15 years to get back to where we need to be. But it's no longer the individual banks that are in the wrong, it's the banking industry as a whole." - Steven Cooper, head of personal and business banking at Barclays, talking to Martin Lewis

Comments

  • Buzby
    Buzby Posts: 8,275 Forumite
    It means you are on their targeted mailing list, nothing more. When I had a judgement (later reversed) I was receiving 4+ 'rebuilder' CC letters every week wanting me to take their product. Even in distress, someone want's you!
  • jellie
    jellie Posts: 884 Forumite
    Part of the Furniture 500 Posts Name Dropper
    I had one of these too. My credit files are squeaky clean so I certainly don't need my credit rebuilding.

    I had a balance transfer card with them about 8 years ago, all paid off, no late payments.

    So, it means nothing other than you are on their mailing list.
  • pqrdef
    pqrdef Posts: 4,552 Forumite
    Buzby wrote: »
    Even in distress, someone want's you!
    I didn't think I was in distress though
    "It will take, five, 10, 15 years to get back to where we need to be. But it's no longer the individual banks that are in the wrong, it's the banking industry as a whole." - Steven Cooper, head of personal and business banking at Barclays, talking to Martin Lewis
  • MissAT
    MissAT Posts: 56 Forumite
    You're on the mailing list,

    rip it up and post it back to them, this usually stops them sending more.
  • fozmcfc
    fozmcfc Posts: 3,098 Forumite
    Part of the Furniture Combo Breaker PPI Party Pooper Debt-free and Proud!
    Definitely a mailing list.

    I get pre-approved letters from Aqua to help re-build my credit rating.

    Well I have been accepted in the past couple of years for Lloyds and M&S cards and I have cards from Virgin, Natwest, Halifax & Barclaycard as well.

    So that would suggest, my credit rating can't be that bad, that I need to re-build it.
  • pqrdef
    pqrdef Posts: 4,552 Forumite
    MissAT wrote: »
    rip it up and post it back to them, this usually stops them sending more.
    Nah, I'm waiting to see if I'm pre-selected to be on the mailing list for the Elite card. Then I'll know it's random.
    "It will take, five, 10, 15 years to get back to where we need to be. But it's no longer the individual banks that are in the wrong, it's the banking industry as a whole." - Steven Cooper, head of personal and business banking at Barclays, talking to Martin Lewis
  • [Deleted User]
    [Deleted User] Posts: 2,175 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker Name Dropper
    I get junk mail addressed to me from everyone from Vanquis and Aqua, through to Virgin Atlantic Card and American Express.

    I don't think it means anything.
  • Hominu
    Hominu Posts: 1,671 Forumite
    I received an application on a weekly basis at one point for this card, I opened the first and shredded it and didn't bother to open the rest. Eventually did open the rest just in case and they were all the same. I then wrote on the application forms in permanent marker pen "Please remove me from your mailing list" and posted all 4 of them to their "priority applications" department. Never received another since.
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