Credit card companies that offer a low, introductory "teaser" rate, and then up the interest rate dramatically a few months later, are guilty of using which strategy below?

Question

Quizplus · Accepted Answer

This is an example of a lowball tactic, where the credit card company lures customers in with a low initial rate and then increases it significantly after a short period.

Credit Card Companies That Offer a Low, Introductory "Teaser" Rate