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| Credit Card Terms Glossary |
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Glossary Of Credit Card Terms
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Our Glossary features an extensive collection of credit card related terms with their complete definitions. If you cannot find a term you're looking for, please contact us. We will respond to you with full explanation of the term. Upon further review, we'll consider adding it to our website. |
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Introductory Period |
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A period of time during which the Introductory APR is in effect. The interest rate will usually go up after the end of the Introductory Period. Introductory Period can last anywhere from 3 months and up to 15 months from the time when a credit card was issued. It can be applied to purchases, balance transfers or both. Typically, Introductory Period is not offered for cash advances. In some cases, the Introductory Period can be in effect for balance transfers and last until the whole balance is paid off.
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