What does Teaser Rate mean?
When you look for credit card offers, definitely the first thing to catch the attention is the teaser rate, or the introductory rate. Depending on the issuer and on the terms and conditions in general, you will find either a low introductory rate for a pre-defined period, or even better a 0% APR offer. Certainly these offers are only in force for about 6 months to 1year.
After the introductory rate/teaser rate is over, there will enter the standard APR, or the interest rate you will be paying for the rest of your contract term. This is why it is utmost important that you first look at the standard APR you have to pay, because that is the amount you will have to pay for the majority of the term.