Credit crunch? Wot credit crunch?

I know the Credit Crunch™ is about banks loaning money to each other and not about consumer credit, but it still strikes me as funny that in the last couple of days I've received two credit card applications through the post.

Naturally I've given them both the 'Stop Killing Trees' treatment - ripping up all the bumf they've sent me and returning it in their prepaid envelope. The two recipients this time were Barclaycard and Citi. The Citi one in particular came with a load of junk like a booklet of terms and conditions, several smaller leaflets covered in more terms and conditions and their application form.

I imagine the thought processes in the marketing departments are 'everyone's worried about money - it's a good time to tempt them with some credit'. Or possibly 'oh crapola, people are starting to realise they can't put stuff on the never-never for ever, we'd better find some new suckers...'

Whichever way, they're getting their rubbish posted back to them.