Credit Cards
Aspire® Cash Back Rewards Card: Build Credit and Earn Rewards!
A credit card that pays you back for spending on gas and groceries? The Aspire® Cash Back Rewards Card sounds too good to be true. But before you apply, let’s unpack the fees, perks, and hidden details!
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A Credit Card That Works for You (and Pays You Back!)
If you’ve ever wished for a credit card that not only helps you manage your finances but also puts a little money back in your pocket, you might want to meet the Aspire® Cash Back Rewards Card.
This card is a solid pick for those looking to rebuild their credit without giving up on rewards.
With up to 3% cash back on everyday essentials like gas, groceries, and utility bills, it’s like getting paid for spending money you were going to spend anyway!
| Key Highlights of this Credit Card 🔎 |
|---|
| ✔ 3% cashback on gas, groceries, and utilities—because bills shouldn’t be boring! |
| ✔ 1% cashback on all other eligible purchases—every little bit adds up! |
| ✔ Approves lower credit scores, giving you a second chance at financial success. |
| ✖ Annual fee applies, so factor that into your budgeting. |
| ✖ High APR, making it essential to pay off your balance in full whenever possible. |
Aspire® Cash Back Rewards Card Main Features
| Feature | Details |
|---|---|
| Annual Fee | $49 to $175, after that $0 to $49 annually. |
| Other Fees | Account Maintenance Fee: $5 to $15 per month after the first year. Balance Transfer Fee: 3% Cash Advance Fee: $10 or 5% (whichever is greater) Late Payment Fee: Up to $41 |
| Credit Limit | Starting at $350, up to $1,000 (varies by approval) |
| APR | 29.99% or 36%, based on your creditworthiness. |
| Welcome Bonus | None |
| Rewards | 3% cashback on gas, groceries, and utilities; 1% on all other purchases |
| Additional Benefits | Free access to VantageScore 4.0, Zero Liability Protection |
| Credit Score Requirement | Fair/Poor (below 640) |
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What Makes the Aspire® Cash Back Rewards Card Different?
Issued by The Bank of Missouri, the Aspire® Cash Back Rewards Card is built for individuals looking to rebuild or establish credit while still enjoying the perks of a rewards program.
Unlike secured credit cards, you won’t need a deposit to get started, but it does come with higher fees and APR, which means it’s best suited for responsible users who can manage payments wisely.
What really sets this card apart from other credit-building options is the 3% cashback on essential purchases.
Most credit cards aimed at lower credit scores don’t offer rewards at all, so this makes Aspire a unique player in its category.
Who Gets the Most Out of the Aspire® Card?
The Aspire® Cash Back Rewards Card is a strategic tool for those looking to boost their financial standing while enjoying cashback perks. But is it right for you?
Here’s who will benefit the most:
- 👍 Credit Rebuilders & Beginners: If your credit history has seen better days (or you’re just starting), this card offers an opportunity to prove your financial responsibility. With responsible use, it can help improve your credit score over time.
- 👍 Everyday Spenders: If your budget naturally includes gas, groceries, and utilities, why not get rewarded for it? Earning 3% cashback on these essentials means you’re maximizing your spending power.
- 👍 Responsible Budgeters: The high APR can be a deal-breaker—unless you’re paying off your balance in full every month. If you can manage your spending well, you’ll enjoy the cashback without the stress of growing interest.
If these points resonate with you, the Aspire® Cash Back Rewards Card might just be the credit card you’ve been looking for.
Eligibility Requirements
Not everyone qualifies for this card, so before you apply, let’s break down what it takes to get approved.
- Credit Score: Typically, a score below 640 will still be considered.
- Stable Income: The bank wants to see that you have a way to pay off your balance.
- Debt-to-Income Ratio: If you’re drowning in existing debt, approval might be tough.
Boost Your Approval Odds
Want to maximize your chances of getting approved? Here are some tried-and-true strategies:
- Check Your Credit Report First: Don’t let errors hold you back! Review your credit report for any inaccuracies and dispute them before applying.
- Reduce Existing Debt: A high debt-to-income ratio can be a red flag for issuers. Lower your outstanding balances on other credit cards or loans to improve your odds.
- Show a Stable Income: Lenders love consistency. If you can prove a steady income stream, you’ll seem like a safer bet.
- Avoid Multiple Applications at Once: Every credit inquiry can dent your score. If you’ve been applying for multiple cards recently, it might be best to wait a few months before trying for this one.
A little preparation can go a long way in increasing your chances of approval!
How to Apply for the Aspire® Cash Back Rewards Card
Applying for the Aspire® Cash Back Rewards Card is easier than assembling IKEA furniture (and way less frustrating). Here’s your simple, step-by-step guide:
- Pre-Qualify Online: Head over to the Aspire website and check if you’re eligible—without affecting your credit score. It’s a risk-free way to see if you should proceed.
- Complete Your Application: If pre-qualified, fill in your personal and financial details. Accuracy is key, so double-check your info before hitting submit.
- Get a Decision: Many applicants receive an instant response. If additional review is needed, you might have to wait a few business days.
- Receive Your Card in the Mail: If approved, your card should arrive in 7-10 business days. Keep an eye on your mailbox!
- Activate & Start Spending Wisely: Once activated, you’re good to go! Use it strategically to earn cashback while keeping your balance under control.
Pro Tip: Even if you’re pre-qualified, final approval isn’t guaranteed. Make sure your financial profile is in good shape before applying!
Understanding Your Credit Limit
Your credit limit can be up to $1,000, but the exact amount depends on your creditworthiness. Managing this wisely can improve your financial standing over time.
- Making on-time payments can help you qualify for a higher limit.
- Keep your credit utilization low (under 30%) to protect your score.
- Avoid carrying a balance—interest rates are no joke!
How to Stay on Top of Your Aspire® Account
Stay on top of your finances with Aspire’s handy management tools. Here’s what you get:
- Mobile App & Online Portal: Monitor spending, check rewards, and make payments with ease.
- Fraud Protection: Includes Zero Liability Protection, so unauthorized charges aren’t your problem.
- Customer Support: Reach them via phone or online chat for assistance when needed.
How Does It Compare? Aspire® vs. PREMIER Bankcard® Mastercard®
Not sure if Aspire is your best bet? Let’s compare it to the PREMIER Bankcard® Mastercard®, another credit-building option.
| Feature | Aspire® Cash Back Rewards Card | PREMIER Bankcard® Mastercard® |
|---|---|---|
| Annual Fee | $49 to $175, after that $0 to $49 annually. | $50-$125 |
| APR | 29.99% – 36% | 36% |
| Cashback Rewards | 3% on essentials | None |
| Credit Limit | Up to $1,000 | $200 – $700 |
| Welcome Bonus | None | None |
| Best For | Rewards & rebuilding credit | Basic credit-building |
If you want cashback rewards, Aspire is the winner. But if lower fees are your priority, PREMIER might be the safer bet.
Check our PREMIER Bankcard® Mastercard® full review to learn more about this option.
Premier Bankcard® Mastercard® Credit Card review
The Premier Bankcard® Mastercard® reports to credit bureaus, helps boost your score, and gives access to credit—no deposit needed.
Final Verdict: Should You Get the Aspire® Cash Back Rewards Card?
If you’re looking for a credit card that offers cashback AND credit-building, Aspire is a rare find. But it comes at a cost—literally. The high APR and fees mean this card is only a good deal if you can pay your balance in full every month.
Still interested? Take the next step and check your pre-qualification online today!
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