The Jasper MasterCard credit card carries an exceptional promise, at least from a cashback point of view, since we are talking about a traditional credit card.

With the motto that the more friends you recommend, the more money you will get, it will give you up to 1% of the consumption of your referrals for a year in cash back. Of course, the fine print is clear: no more than six friends per year.

So, if under this premise, the Jasper MasterCard credit card has called your attention, it is more than convenient that you learn about its fine print of it and its benefits. That’s what we are for; we have compiled the essential information you need to know to apply for a Jasper MasterCard credit card.

Benefits of the Jasper MasterCard credit card

Cashback

We will not dwell too long on this point as we have already mentioned.

But what should you know about Jasper MasterCard credit card cashback? Easy:

• It is designed for people who do not have a credit history or who must rebuild it due to having it damaged in the past.
• You will earn 1% cash back on your eligible purchases.
• Between 1% and 6% cashback. Each friend you refer will bring you an additional 1% cash back for one year until you reach six friends.
• You will have almost no limitations for cash reimbursement; practically any purchase will benefit you.
• No annual fee, security deposit, or foreign transaction fees are required, which makes this card ideal if your budget is limited.

Your credit limits

The Jasper MasterCard credit card’s maximum credit limit is up to $15,000, making it an ideal alternative to secured cards. However, this will depend on your credit history since, despite this offer, several users and sites report that the card has a maximum initial limit of $5,000.

This can be gradually increased, but keep this in mind, especially if you have no credit history.

It gives you natural financial resources.

We no longer talk about benefits such as trips or points. Quite the contrary: the Jasper MasterCard credit card will give you educational tools. All through its mobile app and its website, so you know exactly how to use a credit card if it is your first time. Or learn how to repair your damaged credit history. The card management app will even give you concrete advice because the idea is that you create healthy financial habits.

I am avoiding debts and disastrous credit histories.

Redeeming rewards is straightforward.

Yes, it is straightforward. But be aware: it has some fine print that you should know about. For example, you must have made three installments on time to redeem your cashback rewards with the Jasper MasterCard credit card.

All for the minimum of the appropriate amount as a mandatory requirement to enjoy this benefit. You should know that if you do not make the minimum payment due for one month, all cash refunds you may have generated will be canceled.

You might wonder why we say it is simple to redeem the rewards. Simple, if you make the three payments of the minimum installments of the balance owed and continue with punctual payments, the cash redemptions will be debited automatically and presented as credits on your account statement. You must consider whether the Jasper MasterCard credit card’s cash reimbursement represents a real or fake benefit.

Is Jasper MasterCard credit card cashback a real benefit?

To answer this, it is necessary to determine if it is possible to achieve through the expenses of a credit card an accumulated cash reimbursement that reports benefits. To do this, we have turned to Forbes Advisor, which has used various US government agencies’ statistics to determine families’ average income and expenses.

Which led Forbes to conclude that 70% of all salaried households have an average income of $100,172 per year. Similarly, Forbes Advisor estimated that the average home has up to $26,410 in expenses, which is consistent with those that can be charged to a credit card.

If we apply 1% off the Jasper MasterCard credit card, we would be talking about a refund of $264.10 per year in the case of a single person, which is not exactly encouraging.

But if the person refers five friends each year and gets them a Jasper MasterCard credit card, the cashback return would increase to 6%, which would mean annual refunds of $1,584.60.

To be honest: it’s pretty unlikely to maintain that annual redemption rate, but in theory, it’s possible. So, yes. It does bring a benefit, not a too-exaggerated one, but it is a real possibility.

What are the interest rates for the Jasper MasterCard credit card?

• The first interest rate you should keep in mind is the ordinary APR, which varies between 15.74% and 25.24%. You must consult its terms and conditions to determine the percentage corresponding to you.
• Introductory Purchase APR does not apply.
• Balance Transfer Introductory APR does not apply.

What fees must you pay with your Jasper MasterCard credit card?

• According to the official site, the annual fee is 0% for the Jasper MasterCard credit card.
• You must consult the terms and conditions to determine the Cash Withdrawals rates.
• You must consult the terms and conditions for the purchase transaction fee abroad.

As you can see, the Jasper MasterCard credit card is a competitive alternative to building your credit history or repairing it. But tell us, would you dare request it? If the answer is no, tell us why in the comment box.