Contents
The Offer
- The Chase AARP card is now offering a sign up bonus of $200 when you spend $500 within the first three months of account opening. The card also earns 3% cash back on restaurants and gas stations.
The Fine Print
- No annual fee
- Introductory APR of 0% for the first twelve months
- Chase donates $0.10 for every restaurant purchase to the AARP Foundation in 2015 (up to a maximum of $1,000,000), I suspect this will be extended for 2016 as well
- Card earns at the following rates:
- 3% cash back on restaurant & gas station purchase
- 1% cash back on all other purchases
F.A.Q
Do I need An AARP Membership To Apply For This Card?
No this field can be left blank.
This Card Earns Points, Can They Be Transferred To Airline Partners?
No, unlike the Chase Freedom card this card does not earn Chase Ultimate Rewards points which are transferable with a premium Chase card (e.g Chase Ink Plus or Chase Sapphire Preferred). Points are basically just good for cash back at a rate of one point = one penny.
Is This Card Effected By The New Chase Churning Rules?
No, it’s not. You can get this card as long as you haven’t gotten the bonus in the past 24 months. Those rules do not effect co-branded credit cards.
Our Verdict
$200 is one of the better cash credit card sign up bonuses. In addition to this it’s nice to have a 3% cash back card for restaurant purchases, as that’s currently the best you can get on a consistent basis (can somebody please release a 5% card for restaurant purchases year round?). There are cards that are better for gas purchases and non bonus-ed spend, so I’d be getting this card exclusively for the sign up bonus and restaurant option.
I always need some more cash and with Chase tightening their churning rules, I’m less worried about over applying for their cards so I’m going to jump on this offer. Obviously not everybody is in the same position as me, so only you can decide if it’s the right offer for you.
Hat tip to Frequent Miler
Hat tip to Frequent Miler
