Introductory Interest Rate definition

Introductory Interest Rate means a special low Interest Rate that may be offered to Cardholders. Only new Accounts are eligible for an Introductory Interest Rate;
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Introductory Interest Rate means an interest rate favourable to the consumer that applies for a specified period of time at the beginning of the contract;
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Examples of Introductory Interest Rate in a sentence

  • We sometimes make Introductory Interest Rate offers which apply to new Accounts only.

  • For example, we could offer a low Introductory Interest Rate applicable to certain transactions for a limited period of time, such as a 3.9% Introductory Interest Rate on all Cash Advances for the first 9 months.

  • We sometimes make Introductory Interest Rate offers that apply to new Accounts only.

  • We may also choose not to take away the benefit of any Introductory Interest Rate or Promotional Interest Rate offer or not to increase your interest rates by 5% (or 8% if you are a Visa Classic Low Rate Option cardholder) per annum as set out above.

  • We may make special offers to you from time to time, including Introductory Interest Rate and other Promotional Interest Rate offers that temporarily lower the interest rate applicable to portions of your balance, such as when you make certain types of Cash Advances.

  • If you do not make your Minimum Payment by the Payment Due Date and you have not paid it by your New Statement Date, you will lose the benefit of any Introductory Interest Rate or Promotional Interest Rate offer in which you are participating and your standard interest rates will apply (subject to any further increase as described in the section titled “Minimum Payments”).

  • The Account Statement will show your New Balance, Payment Due Date, transaction and posting dates, and your Interest Rate(s), including any Introductory Interest Rate or Promotional Interest Rate.

  • If any expiry date falls on a date for which we do not process Account Statements (for example, weekends and certain holidays), we will continue to provide the Cardholder with the benefit of the Introductory Interest Rate or Promotional Interest Rate until the next statement processing day.

  • For example, we could offer a low Introductory Interest Rate for certain transactions for a limited period of time, such as a 3.9% Introductory Interest Rate on all Cash Advances for 9 months.

  • If any expiry date falls on a date for which we do not process statements (for example, weekends and certain holidays), we will continue to provide you with the benefit of that Introductory Interest Rate or Promotional Interest Rate until our next statement processing day.