As we all know, I’m a 5% cash back credit cards rewards junkie.
So when I heard about the new Chase AARP credit card that earns unlimited 5% cash back on everything… I couldn’t resist!
It’s Free Money Friday! Let’s celebrate with the new AARP Chase credit card!
How to Get Your Chase AARP Visa Card
- First you’ll need to become a member of AARP. A limited membership will do, and like I mentioned yesterday, you don’t need to be a certain age for that.
- Then, once you get an AARP membership number, open a new AARP Chase credit card.
- Get 5% unlimited cash back for 6 months.
AARP Visa Card Terms and Conditions
- AARP Chase rewards are earned as points, which can be redeemed for cash back. 1% cash back equals 1 point. If you choose to redeem for cash back, 1 point equals $0.01 cash back. For example, 2,500 points can be redeemed for a $25 check.
- For the first 6 billing cycles from your enrollment date in the program, you will earn 4 bonus points in addition to your 1 base point (total 5 points) for each $1 of net purchases.
- There is no maximum number of points that you can accumulate in the program.
AARP Chase Credit Card Highlights
No Effort Required. When I mentioned the 8 Ways To Maximize Cash Rewards using the Discover More card, a reader Executioner, thought it seemed like a lot of effort to make the cash back. The Chase AARP card is a dream come true for those of you who like to use just one card for everything.
Dollar Coins. Do I even have to mention this is going to be my new favorite card for racking up purchases with the US Mint? An unlimited 5% cash back has opportunity written all over it!
Reallocate Credit Lines. If you want to score a huge credit line to make the purchases above in massive quantities to really work the 5% cash back, rumor has it over at Fatwallet that reallocation at Chase for the AARP credit card is alive. I’ve used reallocation in the past successfully. To verify, I called the Chase lending number at 888-298-5623, and they said they’d be happy to move around my credit limits once I get the new card in the mail; I plan to move some of my excess credit limits on my Chase Slate card and my Chase Freedom card.
Coordinate With Your Spouse. Since the AARP membership includes a free membership for your spouse, you can coordinate your 5% cash back to make it last a year. Once your six months for 5% cash back on your AARP Visa are up, then open a new AARP Chase credit card for your spouse to get another six months of cash back.
Your Thoughts About AARP. I do want to acknowledge the comments by a reader Rory, yesterday. He voiced concern about the AARP organization. As always, I encourage you to only take advantage of deals that you feel comfortable with. If the AARP’s mission doesn’t align with your values, then by all means, pass on this deal. There will always be another Free Money deal…. next Friday of course!
Maximize Cash Back
Update: Here’s a summary of how I maximized the AARP cash back card in my last month for $885 worth of cash back. Purchases included prepaid utilities and bills, American Express Gift cards, tax payments and more.
However, now that my AARP run is over, I’m moving onto the American Express 6% Cash Back Credit Card!