Banks obviously make a bit of an effort to "disguise" the letters they send out with credit cards inside (by not putting the company name on the back, and a using special address).
Doesn’t really work, though, because when an anonymous looking envelope arrives in the mail, my first thought is that it must be a credit card. The very fact that it does not have any company name on it makes it very unusual, and the piece of cardboard inside is another giveaway.
Are thieves patiently waiting for an envelope that has "your new credit card" printed on the outside, or can they figure this out the same way that I can?
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