Update 7/13/21: People are now being targeted for a $300 welcome bonus after $3,000 in spend.
Original post: Aspiration plans to launch a credit card called ‘Zero‘. This new card will offer the following benefits:
- 1% cash back on all purchases when you reach carbon zero, otherwise the base rate is 0.5% (need to plant 60 trees per month to become carbon zero. This is adjusts monthly based on your spending patterns)
- One tree planted for every purchase. Second tree is planted when you round up to the nearest dollar (e.g if your purchase is $1.90 you can round up and donate $0.10 and a second tree is planted)
- $60 annual fee not waived
- Ten trees will be planted for every friend you refer
- Biodegradable card
Currently the card is in early access, so you need to join the waitlist before being eligible to apply. Can’t really see this being that interesting for most people with the low earning rate and the annual fee. I do care about the environment and thought I could supercharge my impact with small purchases, but the annual fee more or less kills that idea.
these guys are a bunch of clowns. many folks are still waiting for the $300 bonus to post, myself included. it has been over 12 weeks. next step is CFPB.
So the $300 bonus for opening a apsiration credit card is not targetted anymore?
For the SoFi roundups, one of the users set up a 1 penny Paypal subscription. That would be very useful here to make the 60 transactions needed to get from 0.5% to 1%, at least for the month you make the welcome bonus spend. Anyone knows how it was done?
This is now addressed: https://www.doctorofcredit.com/sofi-money-matching-all-round-ups-up-to-50-in-match/#comment-1251648
What happens if you default on your purchases? Will they start a forest fire for each one?
I’m still waiting on my ~$100 Black Friday Bonus from last year for interesting my account and spending 1K on my debit card. Emailed support several times; supplied screenshots and their support team still claimed to not know what I was talking about–idiots!
Any card that offers less than a 200 tree sign up bonus is not worth the opportunity cost, IMHO.
A tree planted for every purchase. This just made me literally LOL bc I can see us planting so many trees with our 50 cent reloads. 🤣
Truly doing the Lord’s work.
Just got an email offer for a $300 sign up bonus on this. Email subject line “$300 welcome bonus, anyone?”. Probably targeted.
I got it too, the terms don’t make it sound targeted though.
Full terms: “ To qualify for this one-time $300 statement credit bonus offer, Cardholders must make net qualifying purchase(s) (minus returns and other adjustments) of $3,000 or more with their Aspiration Zero Credit Card within 90 days of account opening. Maximum of one statement credit bonus offer per person. This offer is valid to approved Cardholders until 11:59 p.m. EST 12/31/2021. Statement credit will be applied the next billing cycle after net purchase qualification threshold is met within the first 90 days of account opening Your Aspiration Zero Credit Card account must remain open and be in good standing at the time when the one-time statement credit bonus is awarded in order to qualify. ”
+1 Got it with the same terms.
I received it too. Does anyone know if this card reports to credit bureaus?
The card will disintegrate in your wallet .
More like sock drawer
Aspiration will lose your account details, not process deposits, never return your emails or phone calls and tell you they will save the world with “green” banking. This bank is a joke; avoid them, seriously, or you will regret it.
I’m trying to do to the “spend $1k on the debit card, get $150 back” offer I had and I moved the money over…on Monday…and it’s still showing as pending on Thursday…very annoying especially because they are one of those banks that makes a big deal about being able to process direct deposits two days early. Hopefully it is there tomorrow! Their customer service to their credit did email me back within 10 minutes saying it should be available tomorrow and confirmed my offer was still valid so we’ll see.