Credit Card Glossary: Terms and Definitions
Also called the introductory rate, the teaser rate is the annual percentage rate charged by the credit card issuer during an initial period. The Credit CARD Act of 2009 requires that introductory periods must last at least six months. When the teaser period ends, the APR goes to a higher, “go-to” rate.
Terms from A-Z
Search the CreditCards.com glossary for every credit-related term from "account holder" to "zombie debt." Select a letter for alphabetized terms and definitions.