Travel Benefits – There are numerous travel benefits cardholders can take advantage of, including insurance for damaged or lost luggage, collision damage for rental vehicles, travel accident insurance, and reimbursement for canceled or interrupted trips.Credit Reporting – All payments are reported to well-known credit bureaus, such as Equifax and TransUnion.Īdditional benefits, offered through Mastercard:.Fees: There aren’t any annual fees*, foreign transaction fees, or a security deposit.This rate can increase to 6% when friends are referred to join.*** Rewards: Cardholders can receive 1% cashback on all eligible purchases.There also isn’t a penalty APR, which is a great addition if you miss a credit card payment. This figure can increase to as much as 24.99%. APR: There is a continuous variable APR of 15.49%.While the lack of an option for balance transfers isn’t ideal for some people, the Jasper Mastercard still fares as a competent credit card due to nonexistent fees and a low barrier of entry for new cardholders. Gain access to a credit line up to $5,000.There aren’t any foreign transaction fees.No credit history or Social Security number required to apply**.It offers a variety of attractive benefits that outweigh the cons. The Jasper Mastercard is advantageous for young adults looking to build excellent credit. In May 2020, CreditStacks rebranded as Jasper and now serves people throughout the country who want to establish their credit. The credit card’s original purpose was to serve working professionals entering the United States. Previously known as CreditStacks, Jasper started this credit card program in January 2018. If a person does want to avoid the traditional credit evaluation factors of the best credit cards and skip paying a security deposit, the Jasper Mastercard may warrant a closer look. For applicants that qualify, Jasper requires them to submit a Social Security number within 60 days after activation.**įor applicants with a Social Security number, they may fare better with alternative credit cards that provide more suitable consumer incentives and well-timed credit reporting. However, this credit card is especially helpful for immigrants who have started work in the United States and are awaiting a Social Security number. For U.S natives, this credit card can help anyone with limited credit improve their credit over time, while helping them earn rewards in the meantime. Issued by WebBank, the Jasper Mastercard helps young working professionals establish and build their credit history.
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