On the front it says "A New VISA or MasterCard is reserved for:" and then my name and address. Inside is a check for $3.25. To cash it, they want you to put your credit card number on the back and sign the check. When you do, you are signing up for their credit card registration service for $74.96 a year with automatic renewals. Reading the fine print, after you sign up for their card registry service you will get an APPLICATION for a visa or mastercard which "Our records indicate that there is no savings account or security deposit required as a condition of receiving your new card." This website has a picture of the same "check" I got: http://u2.netgate.net/~docbob/checkscam.html Strange though that if this guy cashed his check, he'd get 84 months of service for the same price I'd pay for a year. I wonder what they would do if I cashed their check without putting a credit card number on it?