Who Is Guaranteed Best Credit Card Terms Today?
According to changes in direct mail credit card application data, banks are wary of attracting new customers. In the shaky economic environment they prefer to keep their most valuable customers, rather than take on risk with someone looking to apply for credit card. A most likely reason a person may look for a new card now is loss of income and desperate need for bread and butter. The luckiest are those who’ve maintained long term relationships with a bank and shown responsible credit management habits through years. These customers are eligible for guaranteed credit cards any time in the future, best card rates and deeper levels of engagement with their bank. Meanwhile, these cardholders will be encouraged to spend more and more often, providing stable source of cash inflow for the issuers. From the risk standpoint, such approach certainly makes sense as the companies know their existing customers and their habits better than potential applicants and their vague purposes. Trying to pr
