The AARP® Important Rewards Mastercard® from Barclays* gives an excellent alternative for AARP members to earn notably excessive reward charges on fuel, drug retailer purchases and medical bills, particularly for a bank card with no annual payment. You do not even should be an AARP member.

Its cash-back charge for fuel and drug shops is healthier than most rewards bank cards with no annual payment, but it surely lacks the flexibility of a flat-rate bank card with no bonus classes. The AARP Rewards card does add some utility by giving cardholders a strategy to repay a few of their bank card debt by way of a stability switch, however a flat-rate bank card with an introductory APR supply for brand spanking new purchases could be the higher choice.

On this article

• Rewards and redemption​
• Welcome bonus​
• Introductory stability switch supply​
• Various playing cards​
• FAQs​

Rewards and redemption

The AARP Rewards Mastercard gives 3% money again for fuel and drug retailer purchases and a couple of% money again for eligible medical bills. The latter is a singular bonus class that you do not see on many bank cards, and you probably have excessive medical bills, it is a good contact to have the ability to earn a slight return on them — although you could possibly additionally earn the identical money rewards charge in your medical bills with a flat-rate card just like the Wells Fargo Energetic Money® Card.

As soon as you have earned your rewards, you possibly can redeem them for:

• Assertion credit
• Financial institution deposit to a US checking or financial savings account
• Reward playing cards
• AARP membership

There is a minimal redemption quantity of $25, excluding the AARP membership which begins at $16 Whereas a financial institution deposit will increase the full stability of your checking account, redeeming for assertion credit will lower the general stability of your bank card account.

Welcome bonus

The AARP Rewards Mastercard supplies new cardholders with a welcome bonus of $200 for spending $500 on purchases within the first 90 days of account opening. Whereas this welcome bonus is significantly smaller than most, you additionally need not spend practically as a lot to earn it.

Introductory stability switch supply

Cardholders are capable of switch a stability from one other bank card to the AARP Mastercard after which pay it down at 0% introductory curiosity for 15 months earlier than the usual APR of 19.74%, 23.74% or 28.74%, based mostly in your creditworthiness, takes impact. 

Simply take into account that any stability transfers should be accomplished throughout the first 45 days of account opening to qualify for the intro supply. It is also price noting that, in comparison with related bank cards, its APR is comparatively excessive.

By using a stability switch, you could possibly enhance your credit score rating and your funds by eliminating a few of your present bank card debt. Nevertheless, the cardboard includes a excessive stability switch payment of 5% ($5 minimal). Which means if you happen to had been to switch a stability of $3,000, you’d should pay a payment of $150. 

Most stability switch bank cards ask a 3% payment, so you could possibly store round for the finest stability switch bank cards which supply longer promotions and decrease stability switch charges. General, paying a one-time payment will probably be cheap in comparison with steady curiosity fees on a bank card with a excessive APR.

Various playing cards

The AARP Important Rewards Mastercard presents an excellent alternative for AARP members to each mitigate present bank card debt and earn a return on their medical spending. Nevertheless, if you happen to aren’t an AARP member or do not have excessive medical bills, contemplate these different choices.

Financial institution of America® Custom-made Money Rewards bank card

The Financial institution of America® Custom-made Money Rewards bank card options extra management over which purchases you possibly can earn rewards for over most playing cards. Cardholders can select one 3% money again class to earn rewards on high of two% money again for at grocery shops and wholesale golf equipment. Nevertheless, rewards are restricted to the primary $2,500 spent in mixed classes quarterly earlier than money again falls to 1%. Due to that, you will want to contemplate your finances to see if you happen to’re capable of get probably the most from the cardboard. 

Its 3% money again class decisions embrace drug retailer purchases, fuel, on-line purchasing and eating, to call a couple of. So you could possibly earn that sturdy 3% money again charge for extra purchases than you could possibly with the AARP Mastercard. You’d be capable to select a type of bonus classes and nonetheless earn rewards in your grocery retailer purchases. There’s additionally an introductory APR on purchases and stability transfers.

You may be taught extra in regards to the card in our Financial institution of America Custom-made Money Rewards Card evaluation.

Chase Freedom Limitless®

For no annual payment, cardholders can earn rewards for all kinds of purchases, together with 3% money again at drug shops and 5% money again on journey bought by Chase Final Rewards.

For groceries and different purchases, you will earn 1.5% money again — which is fairly aggressive for a catch-all charge. 

Whereas the AARP card options an intro APR supply for stability transfers, the Chase Freedom Limitless supplies cardholders with an intro APR supply for brand spanking new purchases. You will have 15 months of 0% intro APR earlier than your purchases begin to accrue curiosity at 17.24% to 25.99% variable APR. If you have to finance a big buy, this card might be very helpful.

For extra data, see our Chase Freedom Limitless evaluation.

FAQs

*All details about the AARP® Important Rewards Mastercard® from Barclays has been collected independently by CNET and has not been reviewed by the issuer.

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