AARP Visa Credit Card Review

The AARP card gives 5 percent cash back on all purchases for the first 6 months

AARP Visa Card Review
••• AARP

With the AARP Visa Card, you'll get 0-percent interest on purchases and balance transfers for the first year, and the card saves you money by charging no annual fee.

What Is AARP?

AARP, Inc., formerly the American Association of Retired Persons, is a United States-based non-partisan, non-profit membership group that supports social welfare, providing many resources and tools to the retirement community.

Founded in 1958 by Ethel Percy Andrus, Ph.D., a retired educator from California, and Leonard Davis, founder of Colonial Penn Group of insurance companies, AARP states that its organization has almost 38 million members.

AARP Visa Credit Card Basics

This Visa card is designed for AARP members with fair to excellent credit (660+) who want a rich cash-back rewards card.

AARP periodically runs credit card promotions to offer 0 percent APR on purchases and balance transfers for the first 12 months. In the absence of special promotions, the balance transfer and purchase APR is between 17.74 and 24.49 percent, at time of publication. These rates change based on creditworthiness and vary with the market, as they are tied to the Prime rate. This card also carries a maximum penalty APR of 29.99 percent.

The AARP Visa carries fees that customers should be aware of:

AARP Visa Fees 
Annual FeeNone
Balance Transfer Fee3 percent of balance
Late Payment FeeUp to $35
Returned Payment FeeUp to $35
Over-Limit FeeNone
Cash Advance5 percent
Foreign Transactions3 percent

Pros and Rewards of the AARP Visa

Pros 

  • $100 cashback bonus, after spending $500 in first three months
  • No annual fee
  • No limit on cash back rewards

Rewards Program

  • 3 percent back on restaurant purchases
  • 3 percent back on gas station purchases
  • 1 percent cash back on all other purchases
  • Points never expire (unless closing account)

    AARP Visa Card Review

    Being a member of AARP has many great benefits, especially when it comes to financial services. You can find great rates on life and property insurance, and the organization has many excellent loan products. The AARP Visa Card from Chase is another one of those benefits.

    You can earn 3 percent, or three reward points per dollar, on travel purchases, which includes airline tickets, car rentals, cruises, hotels, passenger railways and travel agencies. You earn 1 percent, 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.

    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.

    Recommendation

    This card is a great deal, in keeping with all of the other good financial products AARP offers. This card offers a cash-back program that competes well with other top cash-back rewards cards such as the Bank of America Cash Rewards Visa Card.

    Credit card pricing, terms, and rewards are subject to change. Check the card issuer's website for the latest credit card deals.