All credit card companies have their own interest rates depending on variable circumstances. The interest rates that credit card service provider companies charge on your card are determined by your own circumstances as well as the credit card company's own perception f the entire affair. From this statement it is quite clear that getting a high or low credit card interest rate depends on your efforts combined with the credit card company's policies.
There is no doubt that any body shopping for a credit card would like to get the lowest interest possible charged on their cards. For this to happen, you as the applicant play a very pivotal role towards the same. For starters, you must prove your credit worthiness beyond any reasonable doubt the credit card service provider. Perhaps the most relevant question at this point should be how to prove my credit worthiness to the credit card service provider?
This question brings us back to the al important issue of credit reports and credit scores. Unless there is a special incentive from the credit card company that reduces the interest rate on the credit card, the only other way to build a better bargaining chip in as far as low interest on your credit card is concerned is your credit score. Most credit card companies will negotiate better credit card interest rates for people with better credit scores as opposed to people with poorer ratings.
How do you qualify for a low interest rate credit card?
As earlier stated in the above paragraph, most credit card companies will find you very viable for credit business if they harbor feelings that you are quite credit worthy. As a result, it is quite advisable for you to make sure that you sort out any tarnishing reports that may damage your credit score ratings. Credit card companies need your subscription as much as you need their credit cards.
The only difference comes from the terms since they are in the business of lending people money to use and then repay it later at an interest; their sole objective is to lend you the money. It is out of their desire to remain in business that forces them to be flexible enough. Rather than refuse to transact business with you due to your poor credit score, they simply increase their lending rates and ensure that as much as the risk may be higher, the returns on the risk must be as high as the risk or even higher. Taking this fact into consideration, it should be your sole responsibility to deny them the opportunity to exploit your weakness, in this case your poor credit score.