Some credit card issuers offer low introductory credit rates. These rates often only apply for a limited time.

Find out about the scope and length of the promotional rate:

  • Does it apply to a specific type of transaction?
  • When will it end?
  • What will be the subsequent rate?

If you choose a card because the credit rate is low and there are no annual fees, keep in mind that the issuer can change these conditions at any time by sending you a notice 30 days before the change comes into effect.

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Last update : February 4, 2022

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The information contained on this page is presented in simple terms to make it easier to understand. It does not replace the texts of the laws and regulations.