I received not one, but TWO pre-approved credit card offers in the mail today, one from CIBC and another from RBC. I threw both in the trash because I don’t need another credit card, but it was quite a coincidence that I got two in one day wasn’t it? Actually, I realized it wasn’t luck or a sign that I should sign up for another card, but rather a good business strategy. I’m sure there are a lot of people in the civilized world that spent too much on their credit cards over the holiday period and wouldn’t mind offloading that debt onto another (new) credit card, and the big banks are more than willing to earn interest off them.

Posted by Kevin in Blogs Tags: corporations