GLOSSARY

Identity Theft Inquiry Installment loan or account Interest Interest rate Introductory Rate Investigation Involuntary bankruptcy
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Introductory Rate

This is a temporary, lower APR (sometimes called a "teaser rate") used to entice customers to switch cards. The introductory rate usually applies for 6-12 months before converting to a normal long-term fixed or variable rate. This type of rate may apply only to purchases (and sometimes only to certain, "qualified" purchases), only to balance transfers, or in some cases both. Special restrictions generally apply.

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