What is a promotional rate?

Promotional rate (0% intro APR (definition, opens in a new tab))

A promotional rate is a lower APR, often 0%, that lasts for a set number of months on a card or loan. After it ends, the regular APR takes over. Some offers charge back interest (definition, opens in a new tab) from the start if the balance isn't paid off in time, so the fine print matters.

Where does this site use it?

• Is a 0% balance transfer worth it?

Related terms

• Balance transfer
• Deferred interest
• APR (annual percentage rate)

General education, not financial advice.