Frequently, there are "teaser" rates as a result for initial time frames as low as zero percent for, say, a half year, whereas regular rates can be as high as 40 percent. In the U.S. there is no federal limit on the premium or late expenses credit card issuers can charge; the loan fees are set by the states, with a few states, for example, South Dakota, having no roof on financing costs and charges, welcoming a few banks to establish their credit card operations there. These expenses are typically from 1 to 6 percent of each sale, however will vary not just from merchant to merchant (large merchants can negotiate bring down rates, yet in addition from card to card, with business cards and rewards cards generally costing the merchants more to process.
