The Learning Center
GLOSSARY TERMS
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Introductory Rate

An introductory rate is a temporary, lower annual percentage rate (APR), sometimes referred to as a "teaser rate", used to entice customers to apply for a specific credit card, or to switch credit card companies. 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 typically apply and vary from one offer to another.


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* See the online credit card application for details about terms and conditions. Reasonable efforts are made to maintain accurate information. However all credit card information is presented without warranty. When you click on the "Apply Here" button, you can review the credit card terms and conditions on issuers website.