Promotional Rate

Explanation: A bonus APR offered to new card holders. The intro rate is only good for a set period of time, and at the end of that period (or if you go into default), the APR generally rises to its regular rate.

Our Thoughts: Card Hub can help you determine which credit card offers the best value based on both the introductory and regular rates of interest.

Related Terms:
Annual Percentage Rate (APR), Regular Rate
Synonyms:
Intro APR, Intro Rate, Introductory APR, Introductory Rate, Introductory Interest Rate, Introductory Balance Transfer Rate