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Too good to be true?

At the risk of sounding cynical or ungreatful, I am wondering if this offer I got in the mail is too good to be true. I have absolutely horrible credit. I have a bankruptcy on my credit report as well as a very poor credit score (450-500!!!) and Bank of America would not even consider giving me a credit card months ago. I have checking and savings with them for a year now and all of a sudden I get a credit card offer in the mail. Unsecured, $2,500 limit, no apr or annual fee and rewards. Credit card companies laugh when I apply for credit so why now? I couldn’t dream of a card like this when I had decent credit, so I am very suspicious now that I got this offer when my credit is MUCH worse. I didn’t call the # on the letter. I called the bank and was told that all I had to do was accept the card and it is mine. Could this be a set up? I heard of those cops that tell people with warrants that they won something just so they can arrest them and I bounced a few checks…

Most of the police stings you refer to involve notifying a person that he or she won a prize and I have never heard of them utilizing a reputable business such as Bank of America. What business would want that sort of negative publicity? Besides, those stings also involve having the person come to a location to claim the prize.

If you called the bank and they verified it was real and the terms are acceptable to you then there should be no reason why you should not accept it.

Unsecured Bad Credit Loans: No Issues For A Poor Creditor