By Megg Mueller
While it might appear obvious, one of the things I do for a living is research and write about credit cards. And yet, I've been sitting here with a credit card offer in my hands for about 10 days now, and I'm no closer to deciding if I should accept it than I was when I ripped open the envelope.
The offer is to upgrade my Bank of America Platinum Plus Visa, a card I have never used nor do I recall asking for, but got when I opened other B of A accounts. So for about four years, I've had this card I've never used, and all of a sudden I am being offered a Bank of America Cash Rewards Signature Visa. But I don't know if I want it. I can't tell, and that's just sad.
I got four credit card offers in the mail last week, and two via email. TransUnion, the credit scoring agency, reported last week that the number of new cards issued in 2011 rose by 14 percent, according to a story by Eileen AJ Connelly of the Associated Press. Now call me crazy, but that might have something to do with the fact that the Boston Globe reported that 4 billion credit card offers were mailed out last year. The adage "if you throw enough stuff at the wall, something is bound to stick" springs to mind.
Anyway, when I wrote about this for CardRatings.com, the thinking at the time was that banks were loosening their Read the full article »