Financial Planning Advices » Financial Terminology » What is an Introductory Rate?
What is an Introductory Rate?
The credit card holders are usually offered an interest rate on the initial/s of the credit card, which is called an introductory rate (commonly referred as teaser rate). This rate is not of a permanent character and after a certain period of time passes it expires.
Introductory rates are usually applied only on cash advances and balance transfers.
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