Introductory APR

GeneralGlossary term

Definition

A promotional interest rate offered to new cardholders, often 0% for 12-21 months on purchases or balance transfers. Reverts to standard APR after the intro period ends.

Related terms

Balance TransferMoving debt from one credit card to another, typically to take advantage of a lower interest rate. Often includes a balance transfer fee of 3-5% of the transferred amount.

Browse the full glossary

Get advice that uses your real numbers

Warren reads your accounts and explains what terms like this mean for your plan. Free to start, no credit card required.

Try Warren Free