Aspire Platinum Rewards Mastercard: This card provides a long interest-free period for transactions and balance transfers along with certain Mastercard perks, with low daily APRs afterwards. To apply for the card you must be a member of Aspire Federal Credit Union.
The Aspire Platinum Rewards Mastercard is a low-interest balance transfer card that comes with an APR for 6 billing cycles of 0 percent intro balance transfer. After that, the rate will be Variable 10.90 percent – 18.00 percent. You will earn 5,000 points in the first 3 months of account opening, after spending $2,000.
You will get a 1X point per dollar for all transactions made by your account. There’s no annual charge on this card. If you are not an Aspire Federal Credit Union member, must apply for membership before you can qualify for this pass.
Basics of Aspire Platinum Rewards Mastercard®
Card type: Rewards andbalance transfer.
Annual fee: $0.
Sign-up bonus: 5,000 Bonus Rewards Points after spending $2,000 in the first 3 months, and offer Aspire notes is worth $50 in cashback.
Rewards: 1 point for every $1 spent. Points are worth 1 cent a piece regardless of the redemption option you choose. You can redeem points for travel, cashback, gift cards and merchandise through the CURewards website or app for iPhone and Android devices. Bonus points are also up for grabs through the CURewards website when you shop at participating merchants.
APR: 0% introductory APR on balance transfers for the first six months, and then the ongoing APR of 10.90% – 18.00% Variable.
Foreign transaction fee: 1%.
Balance transfer fee: $0 for balances transferred during the first six months of opening an account. After that, it’s either $5 or 2% of the amount of each transfer, whichever is greater.
Mastercard benefits: Extended warranties, price protection, ID theft resolution.
Highlights of Aspire Platinum Rewards Mastercard
0% intro APR for 6 billing cycles for purchases and balance transfers, and then your rate will be 10.90%–18.00% Variable
5,000 points after spending $2,000 in the first 3 months of account opening
1X point per dollar for all of your card purchases
No annual fee
Rates and fees
The Aspire FCU Platinum Mastercard comes for six months without interest in balance transactions and purchases. After your promotional financing period is over, its standard interest rates compare with some of the best low-interest credit cards, with variable APR of 9.65 percent to 18.00 percent. The transfer fee for the balance is 2 per cent or $5, whichever is higher.
While there’s no annual fee, there is a 1% foreign transaction fee. This is lower than the typical 3%, but if you anticipate traveling internationally quite a bit, there are several travel credit cards with no annual fee and no foreign transaction fees that you should check out.
Why you might want the Aspire Platinum Rewards Mastercard®
There are no annual costs to carry the card, no fees to transfer a balance during the first six months, an intro APR period for balance transfers and a lower than average foreign transaction fee of 1 per cent. (Many cards charge a 3 percent fee.) All in all, that means more of your money can go towards debt repayment.
A sign-up bonus that rewards the balance transferred
Unlike other credit cards, it counts towards receiving the sign-up bonus for the card when you pass a balance to the Aspire Platinum Rewards Mastercard ®. This is expressly forbidden by most credit cards.
A 0% intro APR offer and a potentially low ongoing interest rate
If you pass a balance the card offers a brief break from interest payments. Get 0 percent initial APR for the first six months on balance transactions, and then 10.90 percent continuing APR-18.00 percent Variable.
Also the continuing interest rate range is good and, depending on what you apply for, may be lower than the existing one. According to the Federal Reserve, the average APR paid on credit card accounts accrued interest was 16.86 percent in the fourth quarter of 2018.
The Mastercard ® Aspire Platinum Rewards offers 1 point for every $1 spent on all purchases. It is a low rate of rewards, but some balance transferring credit cards offer no rewards at all. You may wish to avoid putting expenses on the card until you pay off your transferred balance in order to keep your finances simple.
Why you might want a different card
Membership is required
Membership at the Aspire Federal Credit Union, which is based in New Jersey, is available to employees of participating organizations and their qualifying family and family members.
You will also be eligible to join the Marine Mammals Stranding Center, Aspire ‘s affiliate organization, and deposit $5 into a bank account of Aspire Federal Credit Union. Certain choices for juggling card transfers allow you to sidestep membership obstacles but can come with their own disadvantages.
You’ll need a longer intro APR period
You can get a longer introductory APR elsewhere if you’re willing to compromise on the balance transfer fee.
You don’t have credit card debt
If you have good credit and are in the habit of paying off your balance in full each month, other credit cards can reward you much more handsomely.
The Aspire Visa Card is explicitly designed for weak creditors. This credit card is unsecured. Anyone with bad credit can choose from a variety of credit card forms including secured credit cards, prepaid credit cards, or unsecured credit cards. Anyone searching for an unsecured bad credit card may want to take the Aspire Visa ® into consideration.