Introductory Period
What is an introductory period?
The introductory period is the time during which the introductory APR (low rate used to attract new users) is effective. It is often a few months to a year, but it varies for each card.
Always be sure you understand how the APR is calculated, and what it will be, when the introductory period is over. If you are planning to pay off the balance before the introductory period is over, then credit cards with an introductory 0 APR or low APR can actually save you money in the end. However, if you want to own a credit card for an extended period of time then a fixed low interest credit card might work better for you.
See also:
What is an introductory APR?
What is an APR?
What are low APR credit cards/0% APR credit cards?
How do I do a balance transfer?
Last update: 2006-09-25 17:17
Author: BKO
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