Is Chase's AARP Credit Card worth it? | April 2018

Review: AARP Credit Card from Chase – April 2018

An excellent card if you spend big on fuel and dining out.

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  • Get this card if… you spend a lot on gas and eating out.
  • Pick something else if…you don’t spend much on gas or dining.
  • Recommended good to excellent credit score of 680 to 850.
Product NameAARP® Credit Card from Chase
Balance Transfer Rate (not intro)17.49% to 24.24% variable
APR for Purchases ( Purchase Rate )17.49% to 24.24% variable
Annual fee$0
Cash Advance Rate26.24% variable
Card TypeVisa
Interest Free Period
The interest-free period on purchases is the period or number of days you do not have to pay interest on your card purchases. You will be charged interest either from the day you make a purchase or from the statement date, unless you pay the closing balance in full by the due date (or within the interest-free period) on your statement.
Up to 25 days
Returned Payment Fee$35
Foreign Currency Conversion Fee (VISA)
Foreign currency conversion fees are charged when you make a transaction that is converted by a credit card network, such as MasterCard, Visa or American Express, from Australian dollars to a foreign currency. You’ll also incur a currency conversion fee if you make a purchase or obtain a cash advance in Australian dollars while overseas or shopping online with a foreign merchant or financial institution.
3% of transaction value
Minimum Interest$0
Minimum Credit ScoreFair (660-699)
Minimum Age18 years of age
Annual fee$0
Returned Payment Fee$35
Late Payment Fee$35
Cash Advance Fee$10 or 5% of the amount of each transaction, whichever is greater

The Basics

The AARP Credit Card is for a specific type of spender: one who eats out regularly and spends a lot on gas. Key is the card’s 3% cash back at restaurants and gas stations, which is an excellent rewards rate.

If your spending is dispersed evenly throughout different categories, you might want to pick a different card. Three percent cash back is great when you can get it, but the AARP Credit Card offers only 1% cash back on purchases outside of gas and dining. For varied spending, other credit cards like the Citi Double Cash and Chase Freedom Unlimited offer more consistent (and lucrative) cash back.

If you go with the AARP Credit Card, though, you’ll like that it comes with no annual fee. And you can easily qualify for its signup bonus: $200 cash back after you spend just $500 in the first three months.

The Perks

  • CASH BACK: More cash back on dining and gas.
    Earn 3% cash back at restaurants and gas stations; earn 1% cash back on everything else. You can earn unlimited cash back, and your rewards never expire.

How can I redeem my AARP rewards?

Choose to redeem your cash back through:

  • A direct deposit into your checking or savings account.
  • A credit on your AARP Credit Card statement.
  • Gift cards from brands like Amazon and Starbucks.
  • Travel — including flights, hotels, cruises and car rentals.
  • SIGNUP BONUS: 20,000 points.
    Earn 20,000 points — worth $200 cash back — after you spend $500 in the first three months.
  • INTRO APR: On purchases and balance transfers.
    Get a APR for the on purchases and balance transfers (16.99% to 23.74% variable thereafter).
  • No annual fee. Pay no fee to use this card year after year.

You’ll also like …

  • Donations to Drive to End Hunger. Each time you use your AARP Credit Card at a restaurant, Chase donates $0.10 to the AARP’s Drive to End Hunger.

What is AARP’s Drive to End Hunger campaign?

The AARP’s Drive to End Hunger aims to reduce hunger among the more than 10 million seniors ages 50 and older who are at risk every day. It also raises awareness about seniors’ struggles with food insecurity and other hunger-related health issues.

drive to end hunger AARP Credit Card

  • Purchase protection. Your new purchases are covered against damage and theft for 120 days. Also, get extended warranties for select items purchased with your card.

What to watch out for

  • It hurts to pay late. Making late or returned payments could result in fees as high as $35.00.
  • Fees. You’ll incur fees for balance transfers, cash advances and foreign transactions.

Consider other cards if …

  • You want increased rewards for more categories. The AARP Credit Card offers increased cash back for dining and gas. But if you spend heavily in other categories, consider a card that rewards you accordingly.
  • Your spending is distributed evenly across many categories. You may want to pick up a general cash back card like the Citi Double Cash or Chase Freedom Unlimited.

What should I know before I apply?

To apply for the AARP Credit Card, you must be at least 18 years old (or 19 in Alabama and Nebraska).

Always consider your options and your financial situation before you apply for a credit card.

Information you’ll need

  • Your full name and contact information.
  • Your residential status.
  • Your annual income, source of income and employment information.
  • Your Social Security number and mother’s maiden name.

What credit score do I need?

You’ll have a better chance of approval for the AARP Credit Card if you apply with a good to excellent credit score of 680 or higher.

How to apply for the AARP Credit Card

1. Go to the Chase website and click Apply Now.

AARP Credit Card step 1

2. Complete the application with your name, address, annual income, Social Security number and business information. Then review your application and submit it.

AARP Credit Card step 2

How long will it take to be approved?

Because conditional approval is automated on the Chase website, you’ll often get a decision immediately. In some cases, you’ll need to wait a few days to a few weeks to receive a response.

I got the card. Now what?

  • Make timely payments. Pay your credit card bill online at the Chase website, where you can also enroll in autopay.
  • Avoid interest. After the close of each billing cycle, you have a grace period of 25 days to pay your balance. If you do, you won’t pay interest on your purchases.
  • Avoid fees. Late and returned payments come with hefty fees of up to $35. Balance transfers and cash advances also come with fees.
  • Customer service. If you have questions, contact Chase support at 1-800-432-3117, send a secured email from your account or connect on Twitter @ChaseSupport.

Bottom line

The AARP Credit Card is a great choice if you spend a lot on gas and dining.
Compare Chase credit cards

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