If you have no credit history or have had credit problems , the ads, which offer credit card approval, may sound like an answer to all your questions. Unfortunately, for many people who sign their names before reading the fine print, they turn into a nightmare.

Often, the scam can start with a phone call, a postcard, or a letter, which claims that for a fee you can obtain a VISA or MasterCard or other major credit card, or establish that you are credit worthy enough to obtain one of these cards. Typically, the promoters of these phony offers indicate that your card is pre-approved and that it can be obtained without any credit check. The fee charged typically ranges from $35 to $50.

When your card arrives in the mail, you find out it can only be used to pay for orders from a specific store or catalog. The store or catalog, which is owned by the company that issued the credit card, may not even offer merchandise of interest to you.

This kind of “single-use credit card” is not a new concept, but recently unwary victims of this scam are being sold these credit cards by con artists who misrepresent them as being all-purpose bank credit cards. At times, the deception is magnified by the fact that the merchandise in the catalog from which you must choose your purchases is either inferior or grossly overpriced

You can protect yourself against the phony “one-shot” credit card offers by being very careful when you are considering opening a new credit card account. If you have poor credit, be skeptical if you are offered a pre-approved card with no credit check. Be sure you know the specific purpose of the card. If you are not satisfied with the information provided by those marketing the cards, do not pay the required fee. Otherwise, you may become a victim. The possible solution for those who is trying to restore their credit history may be secured credit card .