Pros and cons of the Jasper MasterCard credit card

If you have reached this point, you are interested in the Jasper MasterCard credit card.

But is it really what you need? You might be tempted by its rewards system and credit limit, plus the fact that it doesn’t require security deposits or an annual fee. However, before you decide if it’s worth it, let us tell you some key aspects that should make you opt for the Jasper MasterCard credit card.

Pros and cons of the Jasper MasterCard credit card

The reward system

Undoubtedly, it is the most popular and well-marketed feature of the Jasper MasterCard credit card. However, let’s analyze it for you, no longer as a benefit or as something real, but as what it seems: a kind of pyramid scheme that is difficult to sustain and will not bring immense benefits.

Remember that this is an unsecured card and is designed for you to build a better credit history or get started in the financial world. Don’t expect the benefits of the big cards used by business owners. According to the terms and conditions in the Jasper MasterCard credit card site, to obtain a substantial advantage, you would have to be some social influencer.

Why is that?

Because you must bring in 5 new referrals for your card year after year, and since you can’t receive benefits for more than five friends, it’s not like you’ll get considerable benefits, like a 20% cashback or similar. Everything stops when you reach five friends; the most you will get is 6%. So, do not make this point the reason for your affiliation with this card.

Your educational system

This is a very positive point since many people create an account to obtain a credit card without knowing how to use it. And its indiscriminate use almost always leads to an adverse credit history, which will deny you the possibility of accessing other credit cards that report more benefits.

Luckily for you, the Jasper MasterCard credit card includes in its mobile app and on its website an entire section dedicated to learning positive financial habits. That is, to learn how to use your Jasper MasterCard credit card to your benefit, not against you. Which we find incredible.

Your approval request is lengthy.

Even if you meet all the requirements that the card requires by law, not only may you not be approved, but it may take several weeks before you get an answer as to whether or not you have been selected. To conclude, keep in mind you can only access your Jasper MasterCard credit card account through its app on your smartphone.

Now that you know all this, what are you looking for in a credit card? Let us know here in the comment box.