Introductory rate
Credit scores & reportsA temporary lower interest rate offered at the start of a credit product.
Overview
Introductory rates are often used on credit cards and loans to attract new customers.
Once the intro period ends, the standard rate applies.
Why it matters
- It can reduce costs in the short term.
- You need to plan for the rate change.
- Some offers include fees or conditions.
FAQs
How long do introductory rates last?
It depends on the product, but the term is clearly stated in the offer.
Do I lose the rate if I miss a payment?
Some offers can be withdrawn if you miss payments.
Related terms
Explore further
Take control of your credit health
Get the complete credit toolkit with all features included.
Start building creditInstant setup. No credit check to join. 14-day money-back guarantee.