No, the Chase Ink Preferred Card does not have a 0% APR intro period for new purchases. If you’re planning on making a large upcoming purchase and you don’t anticipate paying off the balance for a few months, the Chase Ink Preferred Card is not a great credit card to use.
Alternatively, you can check out the best 0% APR credit cards of 2023, selected by WalletHub’s editors from 1,500+ offers. Just keep in mind that many cards with a 0% APR intro period for new purchases require good or excellent credit for approval. You can check your credit score for free on WalletHub to gauge your odds.
The Chase Ink Preferred annual fee is $95. This card’s annual fee is higher than the average annual fee among new credit card offers right now. It’s not the only fee you need to worry about with the Ink Business Preferred® Credit Card, either.
Chase Ink Preferred Fees
Annual Fee: $95
Cash Advance Fee: Either $15 or 5% of the amount of each transaction, whichever is greater.
Balance Transfer Fee: Either $5 or 5% of the amount of each transfer, whichever is greater.
Keep in mind that an annual fee is a common charge with high-tier rewards cards. This card offers 100,000 points for spending $15,000 in the first 3 months. Plus, you can earn 3 points per $1 on the first $150,000 spent per year on travel and select business expenses, and 1 point per $1 on all other purchases. So, Chase charges an annual fee for this card to help offset the cost of these perks.
The best Chase credit card with a 0% APR offer is the Chase Freedom Unlimited. This card offers an intro APR of 0% for 15 months (19.24% - 27.99% (V), thereafter) and has a $0 annual fee. Since the average 0% intro APR for new purchases lasts 12 months, the Chase Freedom Unlimited offer is above average. But there are multiple Chase credit cards with a 0% APR on new purchases, ranging from 0% for 12 months to 0% for 15 months.… read full answer
If you're looking to finance existing debt, the Chase Slate Edge℠ card offers an introductory balance transfer APR of 0% for 18 months (19.24% - 27.99% (V), thereafter). Each balance transfer is 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).
Here are some Chase credit cards with 0% intro APR offers:
The Chase Freedom Unlimited card offers an Intro APR of 0% for 15 months on purchases and balance transfers. The card’s balance transfer fee is: Either $5 or 3% of the amount of each transfer, whichever is greater in the first 60 days (5%, min $5 after). Once the intro period is over, remaining balances are subject to the card's regular APR of 19.24% - 27.99% (V), based on creditworthiness.
The Slate Edge card has an intro APR of 0% for 18 months on purchases and balance transfers. The card is subject to a balance transfer fee: Either $5 or 3% of the amount of each transfer, whichever is greater in the first 60 days (5%, min $5 after) Once the intro period is over, remaining balances are subject to the card's regular APR of 19.24% - 27.99% (V), based on creditworthiness.
The Chase Freedom Flex card has an Intro APR of 0% for 15 months on purchases and balance transfers. The card’s balance transfer fee is: Either $5 or 3% of the amount of each transfer, whichever is greater in the first 60 days (5%, min $5 after). Once the intro period is over, remaining balances are subject to the card's regular APR of 19.24% - 27.99% (V), based on creditworthiness. On top of that, the card also offers 1 - 5% cash back on purchases.
The Ink Cash card has an intro APR of 0% for 12 months on purchases. Once the intro period is over, remaining balances are subject to the card's regular APR of 17.49% - 23.49% (V), based on creditworthiness.
Each Chase 0% APR credit card has a higher regular APR once the intro rate expires. To avoid interest charges, you’ll want to pay off your balance before the regular APR sets in. Before you apply, it’s therefore important to compare 0% APR credit card offers and calculate your savings with WalletHub’s Credit Card Calculator.
The longest 0% APR credit card is the Wells Fargo Reflect® Card. This card offers an introductory purchase APR of 0% for up to 21 months from account opening and 0% for up to 21 months from account opening on qualifying balance transfers - subject to a fee of 3% intro for 120 days, then up to 5% (min $5). The card’s regular APR is 17.24% - 29.24% Variable.
Given its $0 annual fee, the Wells Fargo Reflect card makes for a great option both for financing larger purchases and transferring pre-existing debt. There are several other options with long 0% intro APRs that are worth taking into consideration.… read full answer
0% for 21 months – subject to a balance transfer fee: 5% (min $5)
17.24% - 27.99% (V)
These cards benefit from $0 annual fees and require good credit or better (a credit score of 700+) for good odds of approval. Most of them don’t offer any kind of rewards, but they’re meant for financing rather than regular spending.
It’s important to note that some store cards may offer 0% interest for longer than 21 months, but they use deferred interest. This means there’s no interest if you pay off the item in full by the end of the promotion period. So, you should only get such a card if you’re planning on paying down your balance in full before the interest-free period ends. But if you miss only one payment due date, then interest will be applied to your entire original purchase amount, as if it had been there from the start.
The JCPenney Credit Card is one example, offering 18 months of deferred interest. But those cards are best avoided, due to the potentially high interest rate.
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