Promotional rate
Credit scores & reportsA special rate offered for a limited period, often 0% or low interest.
Overview
Promotional rates are common for balance transfers or purchases on credit cards.
After the promo period, the standard rate applies.
Why it matters
- It can save money if you repay during the promo period.
- It can encourage larger balances if not managed carefully.
- Understanding the end date is important.
FAQs
Do promotional rates include fees?
Some offers include fees, such as balance transfer fees.
What happens when the promo ends?
Your account moves to the standard interest rate.
Related terms
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