Examples of Introductory Rate in a sentence
The index is determined the first (1st) day of the billing cycle immediately following the expiration of the Introductory Rate period and subsequently, may be changed on the fifteenth (15th) day of the month immediately preceding the first (1st) day of each billing cycle, rounded to the nearest 0.25 percentage point.
After the Introductory Rate period expires, the periodic rate will automatically increase to the rates that would ordinarily apply for that type of transaction based on the terms of this Agreement.
The initial rate on your account for certain types of transactions may be an introductory discounted rate (Introductory Rate) that is lower than the rate that would ordinarily apply for that type of transaction.
If an Introductory Rate applies to your account, the rates and the period of time it will be effective is shown on the Disclosure accompanying this Agreement.