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Credit Card Introductory Rate
In order to get your business, a credit card
company might offer an introductory rate, this
rate usually lasts for about 6 months. When the
introductory rate expires the usual, higher, interest
rate will apply. This can be an excellent way
to save money. Just make sure the account is paid
in full or transferred before the offer expires
If you transfer the balance be careful about opening
too many credit cards which can have a negative
impact on your credit history. You always want
to protect your credit history.
Make sure you know and understand all the details,
terms, conditions and fine print before applying
for a credit card
Make sure you know:
- when the introductory period will end;
- what the interest rate will be at the end
of the introductory period;
- if the introductory rate will end if you
make a late payment or exceed the credit card
limit;
- if any other fees or conditions apply.
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