Examples of Initial Rate Period in a sentence
The initial ANNUAL PERCENTAGE RATE for transfers of account balances you have with another creditor ("Bala n ce Transfers") is a fixed promotional rate as shown on page 1 of this Agreement and will remain in effect for your first eight billing cycles following the opening of your account ("Initial Rate Period").
Th e Da ily Periodic Rate during the Initial Rate Period for Balance Transfers is .0082%.
After the Initial Rate Period, th e ANNUAL PERCENTAGE RATE for Balance Transfers will change to the current rate shown on page 1 of this Agreement.
After the Initial Rate Period, the Daily Periodic Rate for Balance Transfers based on the Current Index and Rate Spread described below will be .0431% and the corresponding ANNUAL PERCENTAGE RATE will be 15.74%.