Credit Cards and Ambiguous Adjectives: Bring ‘em On!
Ever since establishing a credit history in Canada, I’ve been up to my eyeballs in new credit card offers. Just today, I received three in the mail. At least once a month MBNA calls, begging me to sign up for a credit card with them. Five days after I decline, I find an MBNA card in the mail box. But the most unpredictable thing happens after I apply for a job at a financial institution…
It may be coincidental, but usually two weeks after submitting an application for employment, I receive either a credit card or an offer to open a line of credit with them – and this is a step up from standard junk mail, it is addressed to me. Is this good business practice? Offering credit to the unemployed? Without a job, how would I be able to repay? I’m looking for employment, not debt, thank you very much!
As much as I disapprove of how they are marketed, having a credit card in Canada is important. Without one, it is almost impossible to make hotel reservations, ferry bookings, or to secure flights to Florida before the snow hits. Plus, there are all those sales!
I was confused by this particular sale. In South Africa, it is often said that everything is bigger and better in America, and by extension Canada, but how big do tools need to be?
Or, by “Gigantic Tool”, is Canadian Tire referring to their Prime Minister, scolding him for selling his soul to China for the loan of a couple of Pandas? (From my research, it appears that fewer institutions are offering the loan of pandas than those offering lines of credit.)
Even with eighteen months of Canadian living under my belt, I still have much to learn. I may never understand their credit card marketing policy or Canadian politics, but at least there is a small chance of seeing not one but two pandas without leaving the country. As Canadian Tire puts it: “Life in Canada – Bring it on!”
But enough about me. How do you feel about telemarketers and those credit card offers that fill your mailbox?
- Borrowers will suffer after interest rate hike (business.financialpost.com)
- Credit Card Application Advice (boldstate.com)