Credit card companies sometimes offer teaser rates that will rise considerably after the offer period ends.

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Teaser rates are promotional rates that credit card companies offer to entice customers to sign up for their cards. These rates are usually low or zero for a limited period such as six months to a year. However, after the period is over, the rate will increase to the regular interest rate, which is often much higher. It's essential to read the fine print and understand when the introductory rate ends and what the regular interest rate will be before signing up for a card with a teaser rate.

Credit Card Companies Sometimes Offer Teaser Rates That Will Rise