Author

Blade

Time to read

4 min

Is the Aspire Credit Card Worth it in 2022? (it is)


Introduction

The Aspire credit card is a good choice if you're looking for a new unsecured credit card with many benefits & rewards, but it's not the only option. Check out this guide to learn more about the benefits, limitations and fees associated with the Aspire card.


laptop with credit cards everywhere

The Aspire credit card requires just a fair credit score. That is, roughly 640 or above.

The Aspire Credit Card requires just a fair credit score. That is, roughly 640 or above. You might wonder why we're talking about this now! It's because this information will help us understand which card might be best for you: If your score falls below that threshold, look elsewhere for rewards cards; if it's above 700—or even if it's close to that number—then the aspire card might be worth considering.

 

Make your future brighter by building or rebuilding your credit. Now earn a $150 cash back bonus when you spend $500 in purchases on the card within the first 3 months of opening your account. The Aspire Credit Card can help make that happen.


 

credit rewards

Aspire Credit Card Rewards

If you're looking for a rewards program that rewards you for making your payments on time, the aspire card might be the right choice. The credit card offers a solid rewards program, with 2x points on gas purchases and grocery store purchases, 1x point on all other purchases, and 5% cash back on travel-related purchases (including airline tickets).

The Aspire credit card also has some nice perks for frequent travelers:

  • No foreign transaction fee

  • Reduced baggage fees when using United Airlines or American Airlines (for example: first checked bag is $25 instead of $60)

If you're not interested in getting into debt with this card or its parent company First Bankcard (which has an F from the Better Business Bureau), there are better options out there. However, if you're looking for something that rewards you for making your payments on time and want to support local businesses—the Aspire credit card could be just what you need!



owner of business on laptop

You don't have to be an owner of the business to get rewards.

If you're not an owner of the business, don't worry. You can still reap the benefits of the rewards program. It's not limited to business owners or people who live in the same state as your business and have direct contact with it. Instead, anyone can use this credit card! In fact, there are no restrictions on who can take advantage of its great benefits.



earn 3% back in rewards

Aspire members can earn 3% back in rewards

Aspire members can earn 3% back in rewards on gas, office supply store and cell phone bill purchases after they spend $2,000 in combined purchases during the first three months of account opening.

If you're someone who spends a lot of money on gas, office supplies and cell phone bills each month, this could be a good way to use your card to get some extra cash back. For example, if you typically spend $300 per month on these types of expenses and use the Aspire Card for all three items each time (and don't have another credit card that gives double or triple points), you would end up earning about $36 extra dollars per year by using this feature alone.

However, keep in mind that there's an annual fee to use the Aspire Card ($95). If you're going to be making more than just $36 worth of purchases from these categories over three months—or if they only make up a small percentage of your overall spending—then it might not be worth paying that fee simply for this benefit alone.




The Aspire credit card has no foreign transaction fees.

The Aspire Credit Card has no foreign transaction fees, which means that if you travel abroad regularly and use your card frequently for purchases or ATM withdrawals, the Aspire will cost less than other cards with a similar rewards program.

Since there are no late payment fees or over-the-limit charges on this card, as long as you pay off your balance every month it should be relatively inexpensive to use even if it doesn't offer any special perks like cash back rewards programs do.

 

Make your future brighter by building or rebuilding your credit. Now earn a $150 cash back bonus when you spend $500 in purchases on the card within the first 3 months of opening your account. The Aspire Credit Card can help make that happen.


 

credit card apr rate picture

What is the Aspire Credit Card's APR rate?

The Aspire credit card's APR is 27.99% (V), depending on your creditworthiness, which means that it will vary based on how much money you owe and whether you pay off the balance in full each month. The higher the APR, the higher the interest rate will be and vice versa. An annual percentage rate (APR) indicates how much interest you pay over time for a loan or line of credit; this interest rate applies to all balances on your account and can change depending on how much money is owed and when payments are made by consumers using Aspire’s Visa Platinum Rewards Card for example


consider options

Consider all of your options before choosing a new credit card.
  • Consider all of your options before choosing a new credit card.

  • Compare the APR, rewards and fees.

  • Think about whether you can pay it off in full each month or if you’ll need to make the minimum payment. If the latter is true, then it might not be worth paying for the Aspire credit card because of its high interest rate.


Conclusion

So, is the Aspire credit card worth it?

That depends on your financial situation. If you're looking for a good rewards program and can pay off your balance in full every month, then this might be a great option. But if you're planning on carrying balances or paying only minimum amounts each month, then there are other cards out there that will provide better benefits at lower rates or no annual fee at all!