CarefulBuilder14 wrote:Does opting out prevent ALL of the ads from coming? What if I already have a checking or credit card account with that particular bank? Does that relationship give them permission to send ads to their existing customers?
If you have relation then your name will be in their database, and they don't have to access credit bureau database to send ads.
From my experience, even though not bank, Comcast constantly sent out ad mails right after I signed up for their service. Surely that is not prescreened offer, and even though I opt out prescreen they will still send those ads.
AT&T also sent a lot of ads promoting their phone and Internet service, as I am a wireless customer.
But anyway, *theoretically* speaking, anyone can send ads to you, including banks. Those ads would not be prescreened from credit bureaus.
CarefulBuilder14 wrote:To Chase, I am a checking, savings, and credit card customer in good standing. I don't get ads from them, but if they wanted to invite me to apply for a CSP, could they do so, even though I've opted out?
I guess they can, but not quite sure. It is based on a similar case with Discover.
Discover once sent ads to me for their student loans, after I got the Discover it card. The ad was not a prescreened offer.
However, for CSP I only got one prescreened offer, and only once.
In practical, it may not be likely for banks to send credit card offers that are not prescreened by credit bureaus. Banks know about credit card business, so they still want to know at least some basic information about potential customers, including credit history. Being a good customer with one particular bank does not necessarily mean you are good with others. You may pay this bank on time but may not pay others on time, and then you are still a risk. It may already be a standard practice in the credit card industry to do prescreening.