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Have you noticed that most low rate credit cards are extremely careful with regards to whom they give their credit cards? Applying for one is like trying to beat a professional runner in a race. The requirements are off the roof and the hassle it would cost you is just frustrating. Before you lose your temper, put your feet into their shoes and find out first why this is so.
If you look around the market for low rate credit cards, you will notice that most of them are owned by small companies. Most of them are probably owned by private companies that you are not even familiar with. With that in mind, you must understand that they cannot afford to lose more money. Meaning, they have a very small margin for error and any miscalculation on their part could result to the bankruptcy of the company. By having the most thorough financial investigation available to them, they can insure themselves some profit.
Now, you might ask yourself, why is it that some big companies would offer similar benefits if there is a great chance that they would lose money? Big companies would offer the same benefits to attract clients and when they do achieve this goal, they would choose them based on their past credit records. Most of those who have cards that offer great rewards and low rate credit cards have proven that they are worth doing business with. Another consideration that prominent companies depend on is that they can afford more rewards, making their cards worth keeping, thus, the lesser chances of having clients failing on due payments. While, on the other hand, since smaller companies have limited resource, their offers would be excellent on some respect but not as competitive as that of their bigger counterparts.
Now that you have seen some facts about low rate credit cards offered by small and big companies, you must consider first some of the basic ideas that would put you in the gaining side of the equation. If you feel you need to have a card that would provide you with excellent discounts or rewards and you have a neat credit record to back you up, then by all means, indulge yourself. A favorable credit record will get you into credit card accounts that have the most respectable benefits. On the other hand, if you are opting to have a credit card with only a low rate, then accounts from small issuers would be best for you.
With all these details, you must now understand that all of these are for the good of both parties; yourself and the credit card company. For the companies to serve you well, you must reassure them that they can trust you and you can provide them with steady income.