Credit Card Barrage

According to a recent report, American households received 640 million credit card offers by mail during the second quarter of last year. An 83 percent increase over the previous quarter when lenders sent out 349 million offers. With some major banks tripling mail solicitations.

The report went on to say more than One Billion credit card offers were sent out in a recent six month period. 71 percent of the solicitations contained an introductory offer of some kind. The highest percentage in the 22 years the data has been tracked.

                                                                          Roger L. Caron