2007-03-10 01:25:16 · 7 answers · asked by Sarah T 3 in Business & Finance ➔ Credit
it varies with each card-some or 6 months or could be a year
2007-03-10 01:33:35 · answer #1 · answered by Annie 5 · 0⤊ 0⤋
Read the terms and conditions, but most "intro" rate periods last between 3 and 12 months. However, if you miss a payment or anything like that, almost all cards will raise that intro rate immediately. The intro rates can be great, but you can get yourself in a lot of trouble quickly if it raises.
Also, if you are transferring a balance, be sure you understand how payments are applied. Some cards have intro APR's that only apply to balance transfers, and regular purchases are charged at the normal rate.
2007-03-10 01:30:08 · answer #2 · answered by Jason 3 · 0⤊ 0⤋
The period vary with different banks and cards for a list good card with 0% APR
2007-03-10 20:54:02 · answer #3 · answered by Zenna M 3 · 0⤊ 0⤋
It depends on the credit card company. They should have told you how long it will last. It is usually at least 6 months to a year.
2007-03-10 01:30:40 · answer #4 · answered by Amanda 1 · 0⤊ 0⤋
You need to read the fine print, as each offer varies. I think usually about a year (give or take a few months on either side).
2007-03-10 01:28:46 · answer #5 · answered by jerry 5 · 0⤊ 0⤋
Read the fine print because each company is different. Most are 6 months or less.
2007-03-10 01:57:31 · answer #6 · answered by M L 2 · 0⤊ 0⤋
If you have a really good rate and a high balance, it is a great time to start looking for a new card with another teaser rate for your balance transfer.
2007-03-10 01:51:30 · answer #7 · answered by lisa s 6 · 0⤊ 0⤋