The content is accurate at the time of publication and is subject to change.

Three major factors such as the боnormal rate of interest' which is the actual interest rate on a credit card, that is usually lower by banks giving consumers an advantage.

The second factor is referred to the боTeaser rate' this is the rate of interest that is lowered by the bank and this is expected to be extremely low in order to draw huge number of consumers to help generate revenue for the bank.

The final and last factor is 'Transaction fee' an amount taken by the bank that one transfers the balance to.

Disclaimer: This editorial content is not provided or commissioned by the credit card issuer(s). Opinions expressed here are the author's alone, not those of the credit card issuer(s), and have not been reviewed, approved or otherwise endorsed by the credit card issuer(s). Reasonable efforts are made to present accurate information, however all information is presented without warranty. Consult a card's issuing bank for the terms & conditions.
All rates and fees, and other terms and conditions of the products mentioned in this article/post are actual as of the last update date but are subject to change. See the current products' Terms & Conditions on the issuing banks' websites.