What this means is that 10 separate individuals could all apply for the exact same credit card from the same financial institution and receive drastically different interest rates. (stockmonkeys.com)
Sometimes people even apply for and receive the exact same credit card multiple times. (proudmoney.com)
This process keeps the account exactly the same — same account number, same credit limit, same account age — it just changes the product used to access the line of credit. (fidelity.com)