Tricky Words & Phrases:
Even the best credit card companies use some of these words and phrases. But check out the fine print before believing the headlines!
"INTRODUCTORY" ANNUAL PERCENTAGE RATE
(Click for a definition)
If you think APRs are confusing, look again at the whole tricky phrase: Introductory APR.
The word "introductory" is the sucker punch!
Here's the definition of "Introductory:" Very short term.
Credit cards use "introductory" rates to entice you.
Introductory rates are an advertising gimmick.
"Hey, look how cheap we are!"
That's what they want you to think.