credit & debt

How to Opt Out of Credit Card Offers

[Question]I recently received a credit card offer in the mail that listed a web address where I can request to opt out of all prescreened credit card solicitations.

Question: I recently received a credit card offer in the mail that listed a web address where I can request to opt out of all prescreened credit card solicitations. Is this legitimate? - R.L., Falls Church, Va.

Answer: Yes. The site, optoutprescreen.com, is run by the major credit bureaus. Opting out of prescreened card offers makes it less likely that an ID thief will intercept them and take out credit in your name.

You can opt out for five years electronically or by phone (888-567-8688), or you can mail in a form to block prescreened offers permanently. (You may still receive offers from companies you currently do business with.)

Paul Stephens, director of policy and advocacy for the Privacy Rights Clearinghouse, suggests signing up for the service and shredding unused offers. If you have elderly parents, help them opt out, too. And if you miss hearing about card deals, you can opt back in.

Most Popular

Senate Passes $3,000 Child Tax Credit for 2021
Coronavirus and Your Money

Senate Passes $3,000 Child Tax Credit for 2021

The provision would temporarily increase the child tax credit to $3,000 or $3,600 per child for most families and have 50% of it paid in advance by th…
March 6, 2021
Senate Passes Bill with More "Targeted" Stimulus Payments
Coronavirus and Your Money

Senate Passes Bill with More "Targeted" Stimulus Payments

The Senate finally passes the $1.9 trillion COVID-relief bill. But fewer people will get a third stimulus check under the Senate version than under th…
March 6, 2021
Your Guide to Roth Conversions
Special Report
Tax Breaks

Your Guide to Roth Conversions

A Kiplinger Special Report
February 25, 2021

Recommended

How to Keep Tabs on Your Credit Report
Coronavirus and Your Money

How to Keep Tabs on Your Credit Report

Free weekly access is ending, but several services let you view your credit files more than once a year.
March 5, 2021
The IRS Can Take Your Recovery Rebate Credit for Child Support or Other Debts Owed
Coronavirus and Your Money

The IRS Can Take Your Recovery Rebate Credit for Child Support or Other Debts Owed

Restrictions put in place to protect your stimulus check from garnishment don't apply to "recovery rebate" tax credits.
January 30, 2021
Refer a Friend to Your Bank or Credit Card—and Reap Rewards
Making Your Money Last

Refer a Friend to Your Bank or Credit Card—and Reap Rewards

Some major card issuers are giving referral bonuses to eligible cardholders.
January 27, 2021
6 Money-Smart Ways to Spend Your Second Stimulus Check
Coronavirus and Your Money

6 Money-Smart Ways to Spend Your Second Stimulus Check

If you don't have to use your second stimulus check for basic necessities, consider putting the money to work for you. You'll thank yourself later.
December 28, 2020