Aspire® Cash Back Reward full review
Consider the Aspire® Cash Back Reward Card if you are seeking a suitable reward card for individuals with fair credit.
Understanding the Aspire® Cash Back Reward Program
If you’re interested in building your credit while enjoying a robust rewards program, the Aspire® Cash Back Reward Credit Card is an excellent choice. This card offers a competitive cash-back program that can help offset your monthly expenses. Despite the fees associated with this card, they are comparable to other cards in its class.
The Aspire® Cash Back Reward Credit Card is designed for individuals who want to build a positive credit history, pre-qualify for a credit card, and earn straightforward cash back rewards. If you’re curious about how this card can benefit you, continue reading for more information.
How the Aspire® Cash Back Reward Program Works
Unlike many credit cards for individuals with poor credit, the Aspire® Cash Back Reward card offers a unique opportunity to earn rewards. As one of the few options available, this card allows you to build credit while also earning incentives.
Cardholders can enjoy 3% cash back on specific transactions, such as groceries, gas, and utilities. Additionally, all other qualifying purchases earn 1% cash back. One of the standout features of this card is that no deposit is required to activate the credit service. The non-secure card provides immediate access to a credit limit.
Moreover, the Aspire® Cash Back Reward card utilizes advanced security technology to protect users from fraud liability. The card also offers free credit score consultations to help cardholders monitor their credit-building progress. Accessing card information is convenient, as it can be done online through the official website using both computers and mobile devices.
Fees Associated with the Aspire® Cash Back Reward Card
The Aspire Mastercard imposes both an annual fee and a monthly maintenance cost. Here’s how the fees work:
– The annual fee for the first year ranges from $49 to $175. In the second year, the annual fee reduces to between $0 and $49.
– Starting from the second year, a monthly maintenance cost of $6 to $12.50 is applied (or $72 to $150 per year).
Depending on the specific terms offered, you could potentially pay a $49 annual fee in the first year, no annual fee in the second year, and a total of $72 in monthly expenses. In the worst-case scenario, you may be subject to a $175 annual fee in the first year, a $49 annual fee in the second year, and a $12.50 monthly fee starting from the second year, resulting in a total of $199 in fees.
Given these fee structures, the Aspire® Cash Back Reward card is generally recommended for individuals who are closer to having an excellent credit score than a poor score.
Benefits of the Aspire® Cash Back Reward Card
Up to 3% Cash Back
Very few credit cards for rebuilding credit offer cash back rewards. With the Aspire® Cash Back Reward card, you can earn 3% cash back on everyday purchases such as groceries, gas, and utilities.
Periodic Credit Increase Review
Unlike other subprime credit cards that rarely increase your credit limit, Aspire conducts regular credit limit reviews. If you use the card responsibly, your credit limit may be raised.
No Security Deposit Required
Typically, a minimum deposit of $200 or $300 is required for secured credit cards. However, the Aspire® Cash Back Reward Card is unsecured, making it an appealing option for individuals who don’t want to commit to a deposit.
Applying for the Aspire® Cash Back Reward Card
If you’re interested in applying for the Aspire® Cash Back Reward Card, please refer to our comprehensive guide on how to apply for the card.
