|
The Learning Center
|
GLOSSARY TERMS
Terms that begin with I
Introductory RateThis is a temporary, lower APR (sometimes called a "teaser rate") used to entice customers to switch cards. The introductory rate usually applies for 6-12 months before converting to a normal long-term fixed or variable rate. This type of rate may apply only to purchases (and sometimes only to certain, "qualified" purchases), only to balance transfers, or in some cases both. Special restrictions generally apply. Previous Credit Card Term: Interest Rate Next Credit Card Term: Issuer
|
|||||||||||
|
Copyright © 2002-2008 Best Credit Card Reviews |
About Us | Contact Us | Privacy Policy | Disclaimer | Site Map | |