Credit Card Teaser Rate
Credit card companies look to add customers. So they will offer incentives. Like:
Join now and get 0% for the first year!
That’s a teaser rate...an initial rate to get you to sign up. But be careful. Like a drug dealer offering you the first hit for free, the teaser rate can be dangerous.
First off, by definition, it only lasts a limited time. Second, there’s often fine print to keep in mind. For instance, some cards require you to pay off your balance by the end of the teaser period or else they charge the interest rate on the full term.
Related or Semi-related Video
Finance: What is the Equal Credit Opport...6 Views
Finance a la shmoop what is the Equal Credit Opportunity Act? alright people while the
federal government thinks everyone should have the equal opportunity to get [Men in Federal Government appear]
into debt isn't that sweet of them you know that Uncle Sam well he sure does
have a heart of gold this federal law makes it illegal to discriminate against
people who are applying for financing on pretty much anything legal based on
their age gender marital status religious affiliation ethnic or national
background or public assistance benefits your credit score however well that
still matters sorry just keeping it real
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