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An Improved AARP Rewards Credit Card

AARP Rewards Visa card from ChaseAARP has revamped its rewards credit card from Chase, making it more practical to more people. It also pays an introductory cash bonus.

Now, you earn 3% cash back at gas stations and restaurants and 1% on all other purchases, with no limits. And there’s still no annual fee.

You also can earn a $100 cash bonus by spending $500 on the card in the first three months you have it.

However, if you have the previous version of the AARP credit card, you’re not eligible to get the bonus. It’s only open to new cardholders (www.aarpcreditcard.com).

By the numbers chart showing how this credit card stacks upRewards are earned as points, with each point worth one cent, or 1%. For example, 2,000 points are worth $20.

The previous version of the card was geared toward travelers, so it really only appealed to a limited audience.

With that card, you earned 3% back on travel purchases and 1% back on everything else. Points could be redeemed for cash, gift cards or statement credits, or you could use them to pay your AARP membership.

We think the new version will appeal to more people while also helping you to earn more cash.

AARP says the average household spends nearly $3,000 at gas stations, more than $2,600 at restaurants and more than $8,000 on other everyday purchases each year. By using its card, the average family can easily earn more than $250 in cash back every year.

There’s still a travel benefit: You get a 10% discount when you redeem your rewards for travel through Chase.

The new card still includes the same price and purchase protection plans available under the old card.

In addition, your purchases are covered by an extended protection plan that doubles your repair period under the manufacturer’s warranty, up to one additional year.

However, Chase did tinker with the interest rate.

You still get a 0% interest rate on all purchases and balance transfers for the first year. After that, the APR is 16.24%. Previously, the APR ranged from 13.24% to 19.24%, depending on your credit history. The balance transfer fee remains a low 3%.

If you apply for this card, be prepared to provide proof of your AARP membership. The online credit card application asks for your membership number.

You don’t have to wait until you’re 60 or 65 to join AARP – you’re eligible for membership as soon as you turn 50. And membership is cheap – just $16 a year, including a spouse or partner for no additional fee.

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  1. Linda Hatcher said:
    on June 28th at 11:15 am

    It seems that there are many benefits to an aarp credit card. I will see what happens.