What is an introductory APR?
An introductory APR is a special interest rate for a limited period of time designed to entice you to apply for the credit card. With such tough competition between credit cards these days, 0% introductory APRs are common. Not all introductory APRs are created equal. Read the fine print to determine (a) how long the introductory period lasts and (b) to what types of transactions it applies. Beware, as some introductory offers only apply to certain types of transactions. As explained in the How are payments credited? section above, credit card companies may credit your payments to your 0% balance while allowing your higher-rate balances to accrue interest.
