Credit Card Sign-Up Bonus: Too Good to be True?

Written By Naazma Garcia
Feb 17, 2022


Credit card companies will do everything they can to get you to sign up for their card, including offering certain sign-up bonuses. These companies will pay you just to spend money using their card in the form of rewards like airline miles or even just cold hard cash. The reason why they can offer rewards like this is that they know there are enough people out there who will spend money they do not have and be forced to pay interest on their cards each month. The interest may seem like a small fee to pay, but in the long run, it can snowball quickly.

Credit Card Sign-Up Bonus: Free Money?

Technically speaking, the sign-up bonuses that are offered are completely free money when used correctly. However, the reason these companies can continue to make money off their customers is that people get greedy with credit cards. It is extremely easy to spend money that you do not have and end up in a pile of debt. When used correctly, credit cards can be paid off each month in full, and therefore, the cardholder will not incur any interest fees. Unfortunately, for most people, the lure of spending money on a credit card is too easy, and they will end up piling up debt slowly but surely over time. Once the debt becomes so large, it can become virtually impossible to pay it off depending on your financial situation.

The Lure of Credit Cards

Credit card companies will do everything they can to get their cards in the hands of the most people possible. Many retail stores have their own cards and try to lure you in at the register with a discount on your purchase. Most of the time, it is most likely not worth signing up for a whole new card, especially if you already have multiple other lines of credit open. It is important that you do your own research on the card and do not make any quick financial decisions on the spot, especially if you do not understand the consequences it may have on your credit score.

Debt-Relief Solutions

Fortunately for those with credit card debt, there are options out there to help you resolve your debt and get it paid off quickly. There are solutions like debt settlement where you can combine all your debt into one low monthly payment. Americor specializes in this type of debt relief and can easily help you pay off your debt efficiently. All you need to do is submit some basic information about your debt and a representative will call you and help you pick out a specific debt plan based on your specific needs. It is important to act quickly because debt can pile up much faster than one would think with the compounding interest. Americor helps to reduce the stress involved when it comes to dealing with debt problems. Do not delay and make sure you contact Americor now to make sure your debts are under control.  

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About Americor

Americor provides debt solutions to thousands individuals and families all over the country. We’re a next-generation debt relief company with a proprietary platform designed to help clients get out of debt quickly. Together we’ll develop a strategy for you to enjoy a debt free lifestyle. Learn more about how Americor can help relieve the burdens of debt today.

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Address:
18200 Von Karman Ave, 6th Floor Irvine, CA 92612
New Clients:
[email protected]
Existing clients:
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Phone:
866-333-8686

We provide debt resolution services. Our clients who make all monthly program payments save approximately 40 – 50% of their enrolled debt (average of 43%) upon successful program completion, before program fees. Fees are based on a percentage of your enrolled debt at the time of starting the program and range from 15%-25% of your enrolled debt. Programs range from 20-48 months. Clients must save at least 25% of each debt due to an enrolled creditor before a bona fide settlement offer will be made. On average, clients receive their first settlement within 4-7 months of enrollment and approximately every 3-6 months thereafter from when the prior debt was settled. Not all Clients complete the program. Estimates are based on prior results and may not match your results. We cannot guarantee that your debts will be resolved for a specific amount or percentage or within a specific timeframe. We do not assume your debts, make monthly payments to creditors or provide tax, bankruptcy, accounting, legal advice or credit repair services. Our program is not available in all states; fees may vary by state. Some programs may be offered through The Law Firm of Higbee & Associates d/b/a Advantage Law. The use of debt resolution services will likely adversely affect your credit. You may be subject to collections or lawsuits by creditors or collectors. Your outstanding debt may increase from the accrual of fees and interest. Any amount of debt forgiven by your creditors may be subject to income tax. Clients may withdraw from the program at any time without penalty and receive all funds from their dedicated account, other than funds earned by the company or fees paid to third-party service providers, as may be applicable. Read and understand all program materials prior to enrolling. Certain types of debts are not eligible for enrollment. Some creditors are not eligible for enrollment because they do not negotiate with debt relief companies. To determine the offers you may be eligible for, Americor conducts a “soft credit pull.” This credit pull does not impact your credit score, creditworthiness, or ability to obtain credit from other sources. The soft pull is not a tradeline entry, it does not report against your score and will only take a few minutes.

Americor Funding, LLC (18200 Von Karman Ave, 6th Floor Irvine, CA 92612) is fully accredited by the Better Business Bureau (BBB), the American Fair Credit Council (AFCC), and the International Association of Professional Debt Arbitrators (IAPDA). CA Department of Financial Protection and Innovation (DFPI) License # 603K913.

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