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Dealing With Card Offers
Credit cards are famous to the point of notoriety about teaser rates to lure new customers. There are certain methods which work to their advantage at the consumer's cost.
Introductory offers of lower rates are only for a limited, sometimes very brief periods of time. You need to ask the card company the actual rate you will be charged once the offer period is over.
At times new purchases alone are valid for teaser rates. As a means of improving credit, that's what you need to avoid.
For transfer balances, teaser rates offer temporary relief from higher interest rates. But once the offer period ends, the regular rates may be higher than the one on your current credit card.
Many card users may be switchiung from one new card to the other to make the most of introductory rates for transferring balances. It may work for sometime, but sooner or later the debt is bound to catch up. Credit card info.com reports:
Credit card offers frequently use teaser rates to acquire new customers. These are introductory rates that last a few months before the regular interest rate kicks in. Some of the attributes of teaser programs include:
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