It is in the creditor's best interest to have their customers pay as high interest as possible, as this is the way they make the majority of their money, and that's why they will not offer low APR cards to their existing customers.
Of course, the only time they will offer it to you is if you threaten to leave them for another competitor. It goes without saying that, especially in the United States where the competition is fierce, credit card companies will do anything they can to get your business.
It should be noted that these creditors stand to make a lot of money with each cardholder. Aside from the money they earn from the interest rates that you are being charged, there are many other charges, administration fees, annual fees, and the like that boost their earnings tremendously.
Besides the credit card holder, the merchant is also charged in every transaction, depending on the credit card being swiped, up to 5% of the value of the transaction is charged back to the store or merchant.
Low interest credit cards are not only for the elite, they are however reserved for the clients who have above average credit scores. There is always a catch to these low interest credit cards, should you fail to pay the minimum payment by the due date, your low interest rates will be removed and replaced with the regular APR, as previously.
The bottom line is, if you have good credit then exercise your right to get lower rates. You've earned it and you deserve it, and many creditors will give it to you. Do your homework and find the right card for the way in which you plan on using it. For example, if you never carry a balance on a credit card, perhaps other types of bonus cards would be better for you.
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