AARP® Credit Card from Chase Cash Back Review

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The information related to AARP® Credit Card from Chase Bank has been collected by MagnifyMoney and has not been reviewed or provided by the issuer of this card prior to publication.

First and foremost, AARP membership is not a requirement for this card. Nor does a person need to be over 50 years of age or retired. The application process is similar to those of any other major rewards credit card.

The AARP® Credit Card from Chase Bank was designed with AARP values in mind. This means tailored perks which AARP believes its members value. Other than the consideration for an older target demographic, the card behaves just like any other non AARP-endorsed credit card.

The Offer

The AARP® Credit Card from Chase Bank is a competitive cash rewards card issued through AARP and serviced by Chase Bank. There is no cap to the number of cash back rewards a person receives. Cardholders can Earn 3% Cash Back rewards on purchases at restaurants, from fine dining to fast food, 3% Cash Back rewards on purchases at gas stations, and 1% Cash Back rewards on all other purchases.

Pros

  • $0 annual fee
  • Plenty of ways to redeem cash back: Direct deposit to a checking or savings account, statement credit, gift card (choose from over 75 retailers), or travel (with no blackout dates or restrictions).
  • Rewards do not expire except when account is closed.
  • No reward caps
  • Price protection
  • Return protection
  • Extended warranty
  • Purchase protection if items bought with card are lost or stolen.
  • Equipped with EMV chip which is more secure and essential for using a credit card in many countries outside the US where chip-enabled card readers are the norm.
  • Earn $100 bonus cash back after you spend $500 on purchases in the first 3 months from account opening.

Cons

  • Although EMV chip equipped, there is an associated foreign transaction fee of 3% of each transaction in U.S. dollars.
  • A lackluster customer service reputation. US-based telephone representatives are available during the day.

Fine Print

  • A minimum of 2,000 points ($20) in rewards is needed for cash back redemption.
  • Chase customers who currently have or have had a Chase credit card in any rewards program associated with this offer, may not be eligible for a second Chase credit card in the same rewards program.
  • Card holders who offer their phone numbers to Chase are giving consent to receive text messages and/or phone calls regarding all Chase or J.P. Morgan accounts. This could be bothersome.
  • Chase credit card members with a history of only using their current or prior Chase card for promotional pricing offers are not eligible for a second Chase credit card with promotional pricing. This is bad news to those who churn credit cards.

Who This Card Would Benefit Most

As mentioned earlier, this rewards card was designed to appeal to an older demographic. Its terms and conditions are easy to understand and easy to use. Presumably, AARP membership pleas will show up in a person’s mail box after signing up for the card. If a person was considering membership anyway, this credit card would be a good way of getting into the folds of the AARP. If not, the mail may be unwelcomed. Supporting the Drive to End Hunger is a unique opportunity with a credit card. Anyone who feels it’s a worthwhile cause should like this card even more.

Visit the AARP website to learn more about this credit card.

How it Stacks Up Against the Competition

Sams Club® Mastercard®

This card uses a similar tiered rewards system as the AARP® Credit Card from Chase Bank. The card lets you earn 5% cash back on eligible gas worldwide, including gas at Sam's Club (on the first $6,000 per year, then 1% after). Earn 3% cash back on dining and travel. Earn 1% cash back on other purchases at Sam's Club and wherever Mastercard is accepted. Earn a $55 statement credit when you open a new account and spend $55 online today. Offer expires January 15, 2020. However, redemption is a hassle compared with the AARP® Credit Card from Chase Bank. MasterCard mails checks, which much be cashed inside a Sam’s Club location. But like the AARP® Credit Card from Chase Bank, there is a $0 annual fee. However, special membership is required. A person must be a member of Sam’s Club before receiving the card. The cheapest Sam’s Club membership is $45 per year.

This card offers similar ancillary benefits as the AARP® Credit Card from Chase Bank such as an EMV chip and extended product warranties. However, this particular card offers users identity theft resolution services – a perk AARP member would likely value. Both the Sams Club® Mastercard® and the AARP® Credit Card from Chase Bank are worth considering.

 

Sams Club® Mastercard®

Santander Bravo® MasterCard

The signup bonus amount is somewhat similar to that of the AARP® Credit Card from Chase Bank – Earn $100 cash back via statement credit after you spend $1,000 on new net retail purchases in your first 90 days of opening your account. Earn 3x rewards points on supermarket, gas station, and restaurant purchases; Up to 15,000 points per calendar quarter; 1x point otherwise. Price protection and extended warranty benefits are also included. However, there is a cap of 15,000 rewards points ($5,000) earned per quarter. There is an annual fee of $49 (first year fee waived).

The foreign transaction fee is the same as with the AARP® Credit Card from Chase Bank – 3%. There are many benefits for using this card for travel such as free AAA roadside assistance (range limited), lost and delayed baggage insurance, airport concierge, and exclusive travel deals. These perks overrule the cumbersome 3% foreign transaction fee – especially if the card holder travels mostly domestic.

Bravo® MasterCard

An Ideal Card for Foodies and Gas Purchases

Anyone chasing high rewards combined with no annual fee may want to give this card some serious thought. A card with 3% cash back at restaurants, 3% cash back at fuel stations, and 1% cash back on all other purchases is worth considering. It is ideal for high spenders, as there is no rewards cap.

This may be your ideal ‘one and done’ cash back rewards credit card.

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Will Lipovsky
Will Lipovsky |

Will Lipovsky is a writer at MagnifyMoney. You can email Will at [email protected]

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