What should I know about the promotional interest rates?

Promotional interest rates offered by First Bankcard are often designed to attract new customers or incentivize existing customers to make purchases or balance transfers. These rates may be significantly lower than the standard interest rates, providing a temporary financial benefit. It is important to note that promotional rates usually have a specified time limit, which can range from a few months to over a year. After this promotional period ends, the interest rate will revert to the regular rate applicable to the cardholder's account based on their creditworthiness and account history. Customers should also be aware that promotional rates often apply only to certain transactions, such as purchases or balance transfers, and may not apply to cash advances. It is essential to read the terms and conditions associated with these promotional offers carefully. This will help ensure that there are no surprises once the promotional period ends. Additionally, if payments are missed during the promotional period, it is possible that the promotional rate could be revoked, leading to a higher standard rate. To make informed decisions, customers are encouraged to review the specific terms on the First Bankcard website for the most accurate and up-to-date information regarding promotional interest rates.