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in order to attract potential customers to obtain the service. The teaser rates are normally too good to be true for the long term, and are far below the common realistic rate for the service. In a competitive market, many companies will compete with each other for the lower teaser rate. Typically,
92:
Some consumers with good credit manage to take advantage of teaser rates by applying for a card, having their balances transferred to that card, and then maintaining payments on that card during the period of the teaser rate. Prior to its expiration, they obtain another card that they use for the
93:
same. They continue this technique continually in an attempt to keep money borrowed at low interest rates. Many credit card issuers who catch onto a consumer using this technique will be reluctant to offer the teaser rate to such consumers.
89:
The teaser rate is only temporary. After its expiration, the rate increases to a normal or much higher than normal rate, and in some cases, the borrower cannot keep up with making payments.
69:
based on payment history, when that applicant may have had a good payment history on the introductory rate, but may not be able to maintain such payments once this rate expires and rises.
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Truth in lending By Ralph J. Rohner, Frederick H. Miller, Robert A. Cook, Alvin C. Harrell, Elizabeth Huber, American Bar
Association. Section of Business Law, page 510
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The purpose of the introductory rate is to market the loan to customers and to seem attractive. They are commonly used for the application of
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57:(FCCCDA) requires that the rate that will occur following the expiration of the introductory rate be clearly disclosed to the customer.
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35:. The rate, which can be as low as 0%, is not permanent and after it expires a normal or higher than normal rate will apply.
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The complete idiot's guide to managing your money By Robert K. Heady, Christy Heady, Hugo
Ottolenghi, p. 235
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California Real Estate
Practice By William H. Pivar, Lowell Anderson, Daniel S. Otto, page 354
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is a low, adjustable introductory interest rate advertised for a loan, credit card, or
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Sometimes, due to an introductory rate, an applicant can get approved for a
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215:"teaser rate Definition | Business Dictionaries from AllBusiness.com"
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233:"Mortgage Teaser Rates: Get a Low Start Rate on Your Home Loan"
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rate charged to a customer during the initial stages of a
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Garman, E. Thomas; Forgue, Raymond (October 12, 2007).
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55:Fair Credit and Charge Card Disclosure Act
61:When determining qualification for a loan
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16:Introductory interest rate for a loan
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42:, and they may or may not apply to
420:European Payments Initiative (EPI)
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410:Electronic Payment Services (EPS)
901:Personal identification number
1:
738:Card not present transaction
622:Credit card balance transfer
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748:Controlled payment number
173:– via Google Books.
881:Hardware security module
861:Automated teller machine
647:Current/checking account
103:Adjustable-rate mortgage
968:Credit card terminology
201:August 3, 2012, at the
113:US mortgage terminology
108:Trojan horse (business)
86:the teaser rate is 0%.
906:Secure cryptoprocessor
871:Credit card imprinter
845:Credit card hijacking
958:Marketing techniques
891:Magnetic stripe card
221:on October 31, 2007.
163:. Cengage Learning.
866:Contactless payment
612:Payment card number
830:Card security code
788:Interbank networks
425:Forbrugsforeningen
197:investorwords.com
940:
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886:Interbank network
840:Credit card fraud
818:
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722:Universal default
717:Introductory rate
637:Revolving account
40:balance transfers
23:(also known as a
21:introductory rate
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896:Payment terminal
835:Chargeback fraud
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632:Installment loan
617:Card association
566:Rail Travel Card
296:American Express
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217:. Archived from
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160:Personal Finance
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51:United States
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44:cash advances
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927:Issuing bank
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712:Grace period
684:Cash advance
627:Credit limit
435:Hyundai Card
344:Regional and
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779:Card scheme
762:Interchange
526:Carte Bleue
398:Diners Club
289:Major cards
282:debit cards
195:Teaser rate
79:teaser rate
73:Teaser rate
25:teaser rate
947:Categories
911:Smart card
854:Technology
743:Chargeback
689:Charge-off
551:Everything
301:Mastercard
119:References
774:Surcharge
378:Cabcharge
358:AzeriCard
823:Security
704:Interest
694:Debt-lag
659:ATM card
605:Accounts
546:Eurocard
531:Chipknip
516:Bankcard
485:UnionPay
440:Isracard
430:Girocard
393:Discover
373:BCA Card
363:Bancomat
328:Electron
199:Archived
97:See also
67:mortgage
29:interest
27:) is an
920:Banking
800:Interac
753:Dispute
731:Payment
541:enRoute
388:Dankort
368:BC Card
311:Maestro
49:In the
795:Cirrus
591:Proton
581:Switch
561:Mondex
536:Choice
511:Access
470:PayPak
405:EFTPOS
278:charge
274:Credit
167:
53:, the
953:Loans
805:Pulse
596:V Pay
556:Laser
495:Verve
475:RuPay
460:Meeza
323:Debit
306:Debit
810:Plus
676:Debt
664:Fees
576:Solo
490:UATP
480:Troy
465:NETS
455:MEPS
353:ArCa
333:Cash
318:Visa
280:and
165:ISBN
33:loan
876:EMV
769:Fee
586:PIN
450:Mir
445:JCB
415:Elo
19:An
949::
383:CB
276:,
149:^
77:A
46:.
266:e
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252:v
235:.
Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.