Creditproms
Creditproms is a term that refers to promotional offers or incentives provided by credit card companies or lenders to attract new customers or encourage existing customers to use their credit products. These promotions can take various forms, such as introductory low annual percentage rates (APRs), balance transfer offers, sign-up bonuses in the form of cash back or travel miles, or other rewards programs.
Introductory APRs are a common creditprom. They typically offer a 0% interest rate on purchases and/or balance
Sign-up bonuses are another popular creditprom. These can be substantial and are awarded after a new cardholder
It is important for consumers to carefully review the terms and conditions of any creditprom before accepting