A teaser rate is an abnormally low interest rate that only lasts for a short time. It is offered by banks and credit unions to entice potential customers to open new credit cards or new adjustable mortgages. Once the teaser rate expires, the interest rate on the credit card or adjustable mortgage rises to the normal market interest rate.
Click for the full glossary of credit card terms.
Similar Articles:
- Wall Street Journal Prime Rate
- Introductory Rate
- Go-to Rate
- What is the prime rate?
- SMS
- Savings and Loan Association
- Automatic Payment




