If you have good credit you’re more likely to be eligible for a credit card as opposed to if you have bad credit and therefore bad spending habits. If you have bad spending habits you may go over and will have to pay the banks more money, so why aren’t they more interested in those with bad credit?
In: Economics
Another aspect is the ability to cross-sell. For example, let’s say I use rewards points to get you, good credit person, to sign up for my credit card. Well, now I have your info so I can send you information on opening a checking account, auto-loans, mortgages, etc. And if use of the credit card has given you a good impression of my bank, maybe you’ll be more open to using me for other stuff than you were before.
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