Citi Sends Out Unsolicited Macy's Cards

Posted By: Dr. Frugal in Credit on 09/30/2007 at 05:59:18

The unscrupulousness of credit card companies hit a new low when Citi sent out brand new, unsolicited credit cards to Macy's account holders who have been inactive for the past two years. Talk about a terrible idea. There was a time in my life where I would immediately shred mail that I wasn't expecting. I knew where all my bills were coming from and rather than waste my time opening all the junk I would just shred it and throw it away. That said, there are a ton of people who do the same thing but without shredding it. I know my neighbor does--I've seen his trash in the dumpster complete with unopened envelopes.

To me it's just a security breach waiting to happen to say nothing of people in various states of credit duress that are now going to have the opportunity to get themselves further into debt.

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