# Introductory APR

*Borrowing & Credit — Finicade finance glossary*

An introductory APR is a temporary promotional rate — often 0% — that reverts to the standard rate on a fixed date. It's genuinely free money if the balance is cleared before the deadline. Two clauses decide whether it stays that way: whether the offer is deferred interest, which retroactively charges all the interest you avoided if any balance remains, and whether a late payment cancels the promotion immediately. Read which of the two you have before relying on the rate.

**Also known as:** 0% APR, teaser rate, promotional APR

**Related terms:** [APR (Annual Percentage Rate)](https://finicade.com/glossary/apr), [Balance Transfer](https://finicade.com/glossary/balance-transfer), [Credit Card](https://finicade.com/glossary/credit-card), [Interest Rate](https://finicade.com/glossary/interest-rate)

Source: https://finicade.com/glossary/introductory-apr