96:
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,
103:
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
104:
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.
100:
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.
80:
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.
153:
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
225:
49:
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
68:(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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46:. 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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226:"teaser rate Definition | Business Dictionaries from AllBusiness.com"
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244:"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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66:Fair Credit and Charge Card Disclosure Act
72:When determining qualification for a loan
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27:Introductory interest rate for a loan
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53:, and they may or may not apply to
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421:Electronic Payment Services (EPS)
912:Personal identification number
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749:Card not present transaction
633:Credit card balance transfer
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759:Controlled payment number
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184:– via Google Books.
892:Hardware security module
872:Automated teller machine
658:Current/checking account
114:Adjustable-rate mortgage
979:Credit card terminology
212:August 3, 2012, at the
124:US mortgage terminology
119:Trojan horse (business)
97:the teaser rate is 0%.
917:Secure cryptoprocessor
882:Credit card imprinter
856:Credit card hijacking
969:Marketing techniques
902:Magnetic stripe card
232:on October 31, 2007.
174:. Cengage Learning.
877:Contactless payment
623:Payment card number
841:Card security code
799:Interbank networks
436:Forbrugsforeningen
208:investorwords.com
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897:Interbank network
851:Credit card fraud
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733:Universal default
728:Introductory rate
648:Revolving account
51:balance transfers
34:(also known as a
32:introductory rate
16:(Redirected from
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907:Payment terminal
846:Chargeback fraud
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643:Installment loan
628:Card association
577:Rail Travel Card
307:American Express
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228:. Archived from
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171:Personal Finance
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62:United States
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723:Grace period
695:Cash advance
638:Credit limit
446:Hyundai Card
355:Regional and
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790:Card scheme
773:Interchange
537:Carte Bleue
409:Diners Club
300:Major cards
293:debit cards
206:Teaser rate
90:teaser rate
84:Teaser rate
36:teaser rate
18:Teaser rate
958:Categories
922:Smart card
865:Technology
754:Chargeback
700:Charge-off
562:Everything
312:Mastercard
130:References
785:Surcharge
389:Cabcharge
369:AzeriCard
834:Security
715:Interest
705:Debt-lag
670:ATM card
616:Accounts
557:Eurocard
542:Chipknip
527:Bankcard
496:UnionPay
451:Isracard
441:Girocard
404:Discover
384:BCA Card
374:Bancomat
339:Electron
210:Archived
108:See also
78:mortgage
40:interest
38:) is an
931:Banking
811:Interac
764:Dispute
742:Payment
552:enRoute
399:Dankort
379:BC Card
322:Maestro
60:In the
806:Cirrus
602:Proton
592:Switch
572:Mondex
547:Choice
522:Access
481:PayPak
416:EFTPOS
289:charge
285:Credit
178:
64:, the
964:Loans
816:Pulse
607:V Pay
567:Laser
506:Verve
486:RuPay
471:Meeza
334:Debit
317:Debit
821:Plus
687:Debt
675:Fees
587:Solo
501:UATP
491:Troy
476:NETS
466:MEPS
364:ArCa
344:Cash
329:Visa
291:and
176:ISBN
44:loan
887:EMV
780:Fee
597:PIN
461:Mir
456:JCB
426:Elo
30:An
960::
394:CB
287:,
160:^
88:A
57:.
277:e
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263:v
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20:)
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