Aspire® Cash Back Reward full review
Take a look at the Aspire® Cash Back Reward Card if you're the type of person who wants a decent reward card for folks with fair credit.
What do I need to know about the Aspire® Cash Back Reward?
If you’re serious about building your credit but also want a significant rewards program to help with bills, the Aspire® Cashback Rewards Credit Card is a great option.
Most cardholders will really like and use the 3% cash-back rewards categories to help reduce these monthly fees.
Of course, one obvious disadvantage of using the card is the fees.
Sadly, fees like these are typical of cards with similar features and services to reduce the risks associated with lending to subprime customers.
The Aspire Card’s annual charge, however, is comparable to those of other cards in its class.
The Aspire® Cashback Rewards Credit Card is a respectable cash-back rewards credit card for people who wish to build a good credit history, pre-qualify for a card, seek straightforward cash back, and more.
Keep reading so you can take a better look at how to might help you Aspire® Cash Back Reward.
How does the Aspire® Cash Back Reward works?
Actually, the Aspire® Cash Back Reward card has dominated its market by making a unique offer. As a result, the majority of credit cards for those with poor credit ratings don’t offer rewards or welcome bonuses.
One exception is the Aspire® Cash Back Reward card. This is one of the few available alternatives that let you develop credit while earning incentives.
The excellent Aspire® Cashback Rewards Credit Card offers (up to) 3% cash back on certain transactions. The following benefits are available to Aspire cardholders through their credit card:
- Earn 3% Cashback on purchases of groceries, gas, and utilities.
- Get 1% Cashback on all other qualifying purchases.
Another benefit is that there is no deposit required to begin using your card’s credit service.
You have a limit available to you as soon as you receive it (non-secure card). The security technology on this card also shields the user from liability in the event of fraud.
Free consultations for your credit score are available to monitor your development as a credit-builder.
Finally, you can access all of your card information from a computer or mobile device by visiting the product’s official website.
How do the fees work on this card?
Both an annual fee and a monthly maintenance cost are assessed for the Aspire Mastercard. This is the procedure.
The annual cost will be between $49 and $175 for the first year. The annual cost will be decreased to between $0 and $49. from the second year on. Therefore, it’s possible that you will pay no yearly fee in the next year.
However, you must start paying a maintenance cost after the second year, which ranges from $6 to $12.50 each month (or from $72 to $150 per year).
If you do the math, you may, in the best-case scenario, end up paying a $49 annual charge during your first year, a $0 annual fee during your second year, and a total of $72 in monthly expenses.
In the worst-case situation, you might be offered a card with a $175 annual cost for the first year, a $49 annual price for the second year, and a $12.50 monthly fee starting with the second year, resulting in a total of $199 in fees.
That’s why this card is recommended for those who are closer to an excellent score than to a poor score. If you are in the best-case scenario, this card is amazing, therefore, you need to measure if it fits you.
Aspire® Cash Back Reward benefits
Up to 3% cashback
There aren’t many credit cards for rebuilders that let you get cash back.
With Aspire, you may receive 3% cash back on common purchases like groceries, gas, and utilities.
Periodic Credit Increase Review
Your credit limit won’t often grow with subprime credit cards. For instance, cards like Indigo and Milestone do not raise your credit limit.
However, Aspire reviews your limit on a regular basis and may raise it if you use the card sensibly.
No need for a security deposit
Usually, a minimum deposit of $200 or $300 is needed. An unsecured card, like the Aspire® Cash Back Reward Card, might be preferred by consumers who don’t want to commit $200 or $300 as a deposit.
How to apply for the Aspire® Cash Back Reward?
If you got interested, feel free to take a look at our how to apply article on the Aspire® Cash Back Reward