What's the Chase Sapphire Preferred balance transfer 0% APR offer?

You need a 700+ credit score for Chase Sapphire Preferred approval. That means applicants generally need at least a “good” credit score to qualify for the Chase Sapphire Preferred® Card, though it’s possible to get approved with a lower score and a higher score may increase the odds.

It’s important to note that while your credit score is an important factor in determining whether or not you will be approved for Chase Sapphire Preferred, there are plenty of other things that will impact the decision, too. Some other important criteria include your income, existing debt load, number of open accounts, recent credit inquiries, employment status, housing status and more. … read full answer

If you’d like to see where your credit stands, and thus get a rough sense for your approval odds, you can always check your latest credit score for free on WalletHub.

If you don’t think you have what it takes to meet the Chase Sapphire Preferred credit score requirement, the good news is there are plenty of great rewards credit cards for people with good, fair, limited and even bad credit. You can check out WalletHub’s review of 2021’s best rewards cards for each credit level to learn more.

But if you’re confident that your approval odds are high, you can go ahead and get started on your Chase Sapphire Preferred application.

The Chase Sapphire Preferred APR is 15.99% - 22.99% (V). Newly approved applicants are assigned a rate from Chase Sapphire Preferred’s APR range based on their credit standing and ability to pay the bills. Chase Sapphire Preferred does not offer a lower introductory APR to new cardholders.

Chase Sapphire Preferred’s high interest rates are pretty much par for the course for a rewards card, since they’re not meant to be used for financing. Also, rewards cards tend to come with annual fees and are more suited for customers who pay their balance in full each month. And that’s exactly what you should do with Chase Sapphire Preferred. By always paying your bill on time and in full, you’ll save yourself a lot of money. There’s a penalty APR of up to 29.99% for paying late. But there is a late payment fee of up to See Terms if you don’t make at least the minimum payment.… read full answer

It’s also useful to note that there’s one more major type of Chase Sapphire Preferred APR; the cash advance APR, which is 24.99% (V). Essentially, you can use your credit card like a debit card to withdraw money from ATMs. But you’ll be hit with this even-higher-than-normal APR on whatever you borrow, with no grace period. And on top of that you’ll have to pay a fee: Either $10 or 5% of the amount of each transaction, whichever is greater. You should only do a cash advance if you’re in an emergency situation and have no other options.