Chase credit cards offer several benefits to its cardholders. There are cards are designed to suit the needs of the prospective cardholders. There are cards designed for travel, personal use, and shopping. The Chase AARP credit card is one of the numerous card options offered by Chase. Although this card bears the name AARP, it is not reserved for only AARP members. It is designed with the values of AARP in mind but it is available for everyone.
This card is easily accessible to anyone who will like to have a card that is designed with the AARP values. This means you do not need to be 50 or more years to get this card. However, you need to meet the age limit for acquiring any credit card. You need to be at least 18 years old to get this card. Although AARP members are retired members, you can be in active employment and still get this card. There is also no need for you to join AARP to get this card, that means you do not need to pay AARP membership fees for this card.
This card is just like any other credit card and the application process is just like that of other major credit cards.
There are several benefits associated with this card. You get to enjoy $100 as cash back bonus after spending $500 on purchases in the first three months. You will enjoy cash back bonuses on purchases made at restaurants and gas stations. Chase will offer you 3% cash back rewards on purchases made at restaurants and gas stations. There is also a 1% cash back reward on all other purchases. all these rewards can be redeemed for cash, travel, or gift cards.
As long as your account is open, you enjoy unlimited cash back rewards in the form of a statement credit or direct deposit. The cash will be deposited into your checking or savings account if you opt for the direct deposit option. There is also an option where you can redeem your reward for travel, AARP membership, or gift cards.
You can also replace your card within 24 hours after you lost it. If you are in the United States or Canada, you will have access to the emergency card replacement feature which allows you to replace your card immediately. You will not need to worry about losing your card. The zero liability feature also protects you against unauthorized charges made with your card. You will not be held responsible for charges you have not authorized. Even if the transaction was made with your account information or you’re your card.
You will also receive notifications on suspicious activities on your account. You will be notified either text messages or email. This feature helps you to detect fraudulent transactions early. The security features on the Chase AARP card that makes it highly commendable is that it is chip-enabled. This heightens security when you make purchases at chip-enabled card readers. You also get to enjoy purchase protection with this card. The purchase protection covers new purchases against theft and damage for 4 months. This protection is up to $500 per claim or $50,000 per account.
The AARP Chase credit card allows you to contribute to a worthy cause. making purchases with this card makes a contributor to the campaign to end hunger. For every purchase made at restaurants, you will be contributing $0.10 to the AARP Foundation. This foundation is focused on ending hunger in a few years. The foundation has raised over $8.7million since the year 2011. This money is equivalent to $3.2million meals.
It is important to note that Chase is not an affiliate of AARP, it is a third party. Chase, therefore, pays royalty fees to AARP for using their intellectual property. The fees received by AARP is used for the general purpose of the group.
Pricing and Terms
The purchase Annual Percentage Rate (APR) ranges from 17.99% to 24.74%. The actual rate depends on your creditworthiness. If your credit score is high, the APR will be low. This is the same rate that will be applied to balance transfers as well. The cash advance APR is also 26.74%, however, this rate varies with the market based on the current prime rate.
You can enjoy interest-free purchases if you pay your balances in full before or on the due date. The due date is usually 25 days after the end of each billing cycle. You will be charged interest for balances after the due date. There is no minimum interest charge on this card.
You will also not pay annual membership fees when you get this card. The balance transfer fees also vary. You will pay $5 or 3% of the amount you are transferring. You will be charged the flat rate or percentage rate depending on whichever is greater. You will also pay $10 or 5% of the amount depending on whichever is greater. You will also pay 3% of each foreign transaction you make.
You will be penalized for late payments as well. When you have a balance of less than $750, you will pay a late fee of up to $15. However, if the balance is more than $750, you will be charged up to $35. Fortunately, you will not pay fees for over-the-credit-limit. You can be charged up to $35 for return payments.
The AARP Chase card is ideal for people who frequently visit restaurants and gas stations. You can save some significant amount when you use the card at these places. The 3% cash back on restaurant purchases makes the A
ARP one of the best cards for dining. However, if you are looking for a card that will offer you a big sign up bonus, you may have to look elsewhere.
Pros and Cons of signing up for the AARP
There are several perks for signing up for the AARP credit card. These perks give you reasons why you should get this card.
- You do not need to pay annual fees
- It is easy to redeem your cash back rewards. Chase gives you many options when it comes to redeeming your reward. Your reward can be deposited directly into your savings or checking account. You can also redeem with a gift card from over 75 retailers. You also have the option of using the rewards for travels, and there are no blackout dates or restrictions when you use your rewards for travel.
- The rewards do not expire. They are only invalid when you close the account.
- There are no restrictions on how much you can earn. That is no reward cap.
- You also get to enjoy price protection and return protection.
- You can also get extended warranty with this card.
- Another good thing is that the goods bought with this card are secure. Even if they get lost or get stolen, you will enjoy purchase protection.
- This card is also chip enabled and allows you to enjoy secure shopping. This is essential in countries where chip-enabled card readers are popularly used.
- You also get to enjoy $200 cash back bonus after spending $500 or more within the first three months.
The 3% foreign transaction fee associated with the use of this card is quite high.
- Comparing the AARP Chase Credit Card to Other Top Cards.
The AARP credit card has its advantages and shortfalls. The card has proven to be a good saver for many senior citizens. However, there are other cards that offer good deals as well. Let us compare the AARP card with some other well performing cards to see how they fare.
- AARP Chase Credit Card vs Citi Double Cash Card
The Citi double cash card offers cash back bonuses for all around spending. Unlike the AARP Chase Credit Card which offers rewards for only restaurant and gas purchases. with the Citi Double Cash card, you will get 1% cash back on all purchases. You will also receive another 1% when you pay off your purchases. This means if you are someone who shops, eats out, and buys fuel a lot, you will enjoy this offer more. The 1% cash back piles up quickly making it more profitable compared to the AARP Chase credit card.
Unfortunately, you do not get a signup bonus when you sign up for the double cash card. This is just like the AARP Chase Credit card. If one of the reasons why you are attracted to credit cards is the signup, this card will not appeal to you in that respect.
- AARP Chase Credit Card vs Freedom Chase
The Freedom Chase card is on this list because of its attractive cash back rewards. You get to earn 5% cash back on purchases up to $1500. You get to earn this reward on purchases in the bonus categories. These bonus categories include gas stations and restaurants. There may be other categories that will be eligible for cash back rewards. This makes this credit card score more points in this respect when compared to the AARP Chase credit card. When comparing the 5% cash back offered by the Freedom Chase to the 1% offered by the AARP Chase credit card, it is obvious that the Freedom Chase offers more.
Freedom Chase also rewards you with a $150 bonus when you spend more than $500 within the first three months after opening the account. AARP Chase, on the other hand, offers you $100 bonus for spending $500 or more within the first three months after opening your account. This means Freedom Chase is offering you $50 more for meeting the same requirement.
- AARP Chase Credit Card vs Chase Sapphire Preferred Card
The Chase Sapphire card is also a great option if the cardholder buys gas and dines out often. This card offers a reward for other purchases as well. The Sapphire Preferred card offers you 2 times points on restaurant and travel purchases. They also offer you 1 point on all other purchases. these reward points are Ultimate Reward Points. The Chase Ultimate Reward Points are one of the high ranking reward points offered by credit card companies. The cards that offer this point include Sapphire Preferred credit card, Sapphire Reserve credit card, Freedom visa card, and Freedom Unlimited card. The cards are worth 1 cent per point and you can redeem them for travel, restaurant purchases, and hotel purchases.
The fact that the Chase Sapphire Preferred card is part of the Ultimate Reward Point program makes it a lot more attractive. It offers you extra benefits compared to the Chase Sapphire Preferred card. Unfortunately, you will pay an annual fee when you sign up for the Chase Sapphire Preferred card. There is no annual fee for the first year but you will pay $95 in the subsequent years. You will also earn 50,000 bonus points when you spend $4,000 within the first three months.
If you are looking for a card where you do not need to pay annual fees, the AARP card is a better option. However, if you think the reward points and the spending bonus is worth it, you can still opt for the Chase Sapphire Preferred card.
- Sams Club Mastercard vs AARP Chase Card
The Sams Club Mastercard offers similar rewards when compared to the AARP Chase credit card, However, there are some significant differences. You will enjoy 5% back on gas purchases, 3% back on dining and travel, and 1% on other purchases. even though they offer higher rewards, there is a downside to this card. It is difficult to redeem your rewards. They mail the check to you and you are expected to redeem it at any Sam’s Club location. Even though you do not pay an annual fee for the Sams Club Mastercard, you will end up making some annual payments. You need to be a member of the Sams Club to access this card. The membership fee varies, however, the cheapest is $45 per year.
- Santander Bravo Mastercard
With this card, you earn $100 cash back if you spend $1000 within the first three months after signing up. you will also be offered 3X reward points on purchases made at restaurants, gas stations, and supermarkets. You will also get to enjoy price protection and extended warranty just like the Sams Club Mastercard. You get to earn up to 15,000 reward points every four months. However, there is a limitation; you are not allowed to earn more than 15,000 reward points per quarter. This card comes with several other benefits. You get to enjoy AAA roadside assistance, airport concierge and lost or delayed luggage insurance. Getting the Santander Bravo card comes with yearly annual fees. The annual fee is $49 but the fee for the first year is waived. There is also a foreign transaction fee of 3% just as that of AARP Chase credit card.
Applying for the AARP Chase card
You will need to provide four different sets of information when you apply for the AARP Chase credit card. The first section is where you provide personal information such as full name, AARP membership number, mailing address, city, zip code, and the state in which you reside.
In the next section, you will be required to provide your financial information. This section may include information from social security details, credit score, and bank account information. You will also need to complete the security section as well.
Terms and Conditions
When you apply for this card, note that Chase will request for your credit report from the three main credit bureaus. The information on the credit report will be used to assess your application. This report will also be used when you apply to extend the credit on your account, or when Chase wants to review your account or offer you additional products. Once the account is opened, Chase will offer you a membership agreement. You can indicate your agreement to the terms by making payments to the card, using the card, or authorizing the use of the card.
Chase will contact you about issues concerning your account when you provide your phone number to them. You may be contacted via text messages and calls. Chase may also communicate with you through prerecorded voice messages. However, they will not contact you for sales and telemarketing calls.
Balance transfers may be effected and transferred to your intended payee ten days after Chase mails you your credit card. You can cancel or modify balance transfer within the ten days by calling the number at the back of your card.
Chase reserves the right to change the APRs, fees, and terms in accordance to the Cardmember Agreement. You will only be eligible for this card if you are at least 18 years old.
You will need a minimum of 2000 points, that is, $20 in rewards for a cash back redemption.
You should take note of this condition if you are already a Chase customer. You will not be able to apply for this card if you already have a card with similar promotional offers. In general terms, you are not eligible for a second card if you already have a card that offers similar promotional benefits.
If you are already a Chase customer and Chase has established that you only use your card during promotions or for promotional pricing, you will not be eligible for another card.
In conclusion, the Chase AARP is just like any other card. However, you should only sign up for it when you know you will enjoy the benefits to the fullest. As mentioned earlier, this card is excellent for people who spend more on restaurant and gas purchases. If you also someone who thinks it is good to support the Drive to End Hunger, this card may be for you.