Glossary Terms: Introductory APR on Balance Transfer


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Credit Card Applications » Glossary » Introductory APR on Balance Transfer

Introductory APR on Balance Transfer

An initial low rate, often a zero-percent rate, will be offered for balance transfers on many credit cards. If payments are made on time then the introductory rate will last for the full advertised amount of time, which may be anywhere from three to 21 months. After the introductory period, the regular APR will go into effect.

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Balance Transfer: Save on Average $1,400

May 08, 2015

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