Targeted: Chase Sapphire Preferred Offering Cardholders Lower APR

Jul 10, 2019

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The number one commandment for travel rewards credit cards is to pay your bill in full each month, but there are times when large purchases or emergency situations arise and that rule simply isn’t feasible. If you find yourself in that boat, you may be in luck as Chase is currently offering some Chase Sapphire Preferred cardholders lower promotional interest rates.

TPG Travel Editor Melanie Lieberman received an email from Chase with an offer for a 9.99% promotional APR on all new purchases made between August 1, 2019 and Jan. 31, 2020. Those targeted cardholders, who are interested, must activate the offer by July 25, 2019.

The 9.99% promotional APR is significantly less than the usual 18.24% to 25.24% variable APR. However, it still negates the value of any points you’d earn and could hurt your credit score, so you’ll only want to take advantage of the offer if you really need to.

If you need a low APR, it could also make sense to open up a new card. There are a number of cards, such as the Citi Simplicity Card, Chase Freedom and Blue Cash Everyday® Card from American Express, which offer an introductory APR period. Just be sure to mark the end dates of the promotional periods in your calendar to avoid hefty fees.

The information for the Blue Cash Everyday card has been collected independently by The Points Guy. The card details on this page have not been reviewed or provided by the card issuer.

Featured image by Isabelle Raphael / The Points Guy.

2018 TPG Award Winner: Mid-Tier Card of the Year
Chase Sapphire Preferred® Card



CARD HIGHLIGHTS: 2X points on all travel and dining, points transferrable to over a dozen travel partners

*Bonus value is an estimated value calculated by TPG and not the card issuer. View our latest valuations here.

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More Things to Know
  • Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 toward travel when you redeem through Chase Ultimate Rewards®
  • 2X points on travel and dining at restaurants worldwide & 1 point per dollar spent on all other purchases.
  • No foreign transaction fees
Intro APR on Purchases
Regular APR
17.99% - 24.99% Variable
Annual Fee
Balance Transfer Fee
Either $5 or 5% of the amount of each transfer, whichever is greater.
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