What's the Chase Sapphire Preferred APR?

You can get a Chase Sapphire Preferred cash advance at any ATM, but you will need a PIN. If you don't have one, you can call (800) 297-4970 and request it from customer service. You can also request a cash advance in person at a local Chase branch.

Here is what you need to know about Chase Sapphire Preferred cash advances:… read full answer

• How to do it: You can get a Chase Sapphire Preferred cash advance at an ATM as long as you have a PIN. You can request a PIN by calling Chase at (800) 297-4970. Cash advance checks may also be provided. Purchases of travelers checks, foreign currency, money orders, lottery tickets, casino gaming chips, wire transfers, and more are also treated as cash advances.
• Cash Advance Fee: Either $10 or 5% of the amount of each transaction, whichever is greater.
• Cash Advance APR: 29.24% (V), which accrues immediately, with no grace period.
• Cash Advance Limit: Your cash advance limit will be 5% of your overall credit limit, so you need to make sure you have enough available credit to cover the transaction and any fees.

Cash advances are expensive transactions that should be avoided. You should only get a Chase Sapphire Preferred cash advance if you need quick emergency cash. In that case, you'll want to pay off the balance as quickly as possible to avoid the costly interest charges.

In a non-emergency situation, you'd be much better off seeking out less expensive cash withdrawal alternatives such as prepaid debit cards. As far as credit substitutes go, personal loans are good alternatives to cash advances.

No, the Chase Sapphire Preferred credit card does not have a 0% APR offer for either purchases or balance transfers. Chase Sapphire Preferred is more suited for frequent travelers. It has a $0 foreign transaction fee. Plus, it offers 5 points / $1 on travel purchases booked through the Chase Ultimate Rewards portal.

Alternative Credit Card Options… read full answer

If you’re planning on making a large upcoming purchase and you intend on carrying a balance, you should get a 0% APR credit card. Some good examples include the Chase Freedom Unlimited® Card and the Wells Fargo Reflect® Card.

Keep in mind that these credit cards require at least good credit for approval. If you’d like to know where you stand, you can check your credit score for free, right here on WalletHub.

One of the best Visa credit card interest rates is 14.5% - 22.5% (V) from the Simmons Bank Visa®. But you can do even better for a limited time with a credit card that offers a low introductory APR.

It’s worth noting that Visa credit cards’ interest rates aren’t actually set by Visa. The banks and credit unions that issue Visa credit cards control that. As a card network, Visa is more about where the card is accepted than anything else.… read full answer

Visa Credit Card Interest Rates:

• Simmons Bank Visa®: Regular APR of 14.5% - 22.5% (V). Intro balance transfer APR of 0% for 12 months - transfers are subject to a 3% (min $10) fee. Requires excellent credit (a score of 750+).
• Bank of America Customized Cash Rewards credit card: Intro APR of 0% for 18 billing cycles. Intro balance transfer APR of 0% for 18 billing cycles for any balance transfers made in the first 60 days - transfers are subject to a 3% (min $10) fee. Regular APR of 18.24% - 28.24% Variable. Requires excellent credit (a score of 750+).
• Chase Sapphire Preferred® Card: Regular APR of 20.24% - 27.24% (V). Requires good credit (a score of 700+).
• Chase Freedom Unlimited: Intro APR of 0% for 15 months and a regular APR of 19.24% - 27.99% (V). Intro balance transfer APR of 0% for 15 months - transfers are subject to a fee: Either $5 or 3% of the amount of each transfer, whichever is greater in the first 60 days (5%, min $5 after). Requires good credit (a score of 700+).
• Wells Fargo Active Cash® Card: Intro APR of 0% for 15 months from account opening and a regular APR of 19.24% - 29.24% Variable. Intro balance transfer APR of 0% for 15 months from account opening on qualifying balance transfers - transfers are subject to a 3% intro for 120 days, then up to 5% (min $5) fee. Requires good credit (a score of 700+).
• Costco Anywhere Visa® Card by Citi: Regular APR of 19.49% (V). Requires excellent credit (a score of 750+).
• Credit One Bank® Platinum Visa®: Regular APR of 28.24% (V). Applicants can get approved with fair credit (a score of 640+).

Seeing a "(V)" after your card’s interest rate just means the rate is "variable" and can change a bit over time according to the economic climate.

Keep in mind that you won’t have to worry about interest if you pay in full every month. It’s definitely worth taking a look at this list of Visa cards as well to get a more comprehensive picture of their interest rates.