You also get 0% interest on purchases and balance transfers for the first year. And there's no annual fee.
Who the AARP Visa Card Is For
- AARP members with fair to excellent credit who want a rich cash-back rewards card.
Credit Rating Required
- Fair to Excellent (660+)
About the AARP Visa Card
Pros
- 5% cash back for first six months.
- 0% APR on purchases and balance transfers for first year.
- No annual fee.
- No rebate limit.
Rewards
- 3% back on travel purchases
- 1% back on all other purchases
- 5% cash back on all purchases for first six months
APRs
- 0% on purchases and balance transfers for first 12 months, then the purchase rate.
- 13.24 to 19.24% percent on purchases.
- Penalty APR: 29.99%.
Fees
- No annual fee.
- Balance transfer fee: 3% of balance.
- Late payment fee: Up to $35.
- Returned payment fee: Up to $35.
- Over-limit fee: Up to $35.
AARP Visa Card Review
Being a member of AARP has many great benefits, especially when it comes to financial services. You get great rates on life and property insurance, and the organization has many excellent loan products. The AARP Visa Card from Chase is one of those.
You earn 3%, or three points per dollar, on travel purchases, which includes airline tickets, car rentals, cruises, hotels, passenger railways and travel agencies. You earn 1%, or one point, on all other purchases. Each point translates to one cent, so 2,500 points can be redeemed for a $25 check, for example.
You earn a full 5% on all your purchases during the first six months you have the card.
Points can be redeemed for cash, gift cards or statement credits, or you can use them to pay your AARP membership. There's no cap on the number of points that you can earn in the program.
In addition, there's a 0% interest rate on all purchases and balance transfers for the first year. The balance transfer fee is a modest 3%. After that, the APR is as low as 13.24%, if you qualify.
Recommendation:
This card is a great deal, in keeping with all of the other good financial products AARP offers. This card is competitive with the best cash-back rewards cards like the Bank of America Cash Rewards Visa Card.