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

  1. 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.
  2. Then, once you get an AARP membership number, open a new AARP Chase credit card.
  3. 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!



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Comments to Chase AARP Visa 5% Cash Back Credit Card

  1. Sounds like a great deal! Do you know what the cash back is like after the 6 months? Flat 1%? Any rotating bonus categories or anything like that?

    Jill

    • After the six months, it’s 3% on travel categories and 1% on the rest. Here’s the definition of travel:

      You will earn 3 points for each $1 of net purchases made at merchants that classify their merchant location for Visa/MasterCard in any of the following categories: airlines, car rental agencies (excluding truck, trailer, and RV), cruise ships, lodging establishments, passenger railways (excluding local and commuter trains), and travel agencies.

      Madison

  2. At this point I should admit that for the short period I was a member of the AARP I did get one of these credit cards. At that time it was for a large 0% interest loan. I dropped my membership over 18 months ago but still have the card (which I don’t use anymore but haven’t cancelled for credit rating purposes).
    So if you want to take advantage of this deal you can contribute your $15 to the #1 most powerful lobby in the United States and get the card and then if you don’t feel they have your best interests at heart cancel your membership and keep on using the Credit Card.
    If you are less ethical, you can continue to use the membership card and get some of the other benefits. This article is a couple of years old, but some of the benefits may still apply: http://www.fatwallet.com/forums/finance/918864/

    Rory Rohde

  3. Madison, have you recently read the language on the US Mint’s website regarding dollar coin purchases? I pasted it below. Might make you want to rethink your strategy of depositing the coins directly into your bank.

    ***

    The intended purpose of the Circulating $1 Coin Direct Ship program is to make $1 coins readily available to the public, at no additional cost, so they can be easily introduced into circulation—particularly by using them for retail transactions, vending, and mass transit. Increased circulation of $1 coins saves the Nation money. The immediate bank deposit of $1 coins ordered through this program does not result in their introduction into circulation and, therefore, does not comply with the intended purpose of the program.

    By clicking “Add to Cart” I agree that I understand, and will comply with, the intended purpose of the program.

    ***

    (Text is from http://catalog.usmint.gov/weba.....gory=16238)

    Executioner

    • Hi Executioner,

      No worries, our kids get them for allowance. And I’ve actually found they are convenient for us to use too, since we use a lot cash for dining out and miscellaneous purchases.

      I’ve never taken them and directly deposited them at a bank.

      Madison

    • P.S. Thanks for pointing out the added terms and conditions. I added them to my old article on the U.S. Mint so people are aware of it.

      Madison

  4. Please keep in mind that there is annual cap on the rewards on the AARP card of $600. Many other similar cards (minus the 5% intro) don’t have that cap.

    Mark

    • I just read through their info and they said there was not a cap. I will have to find the link.

      Jay

  5. Has anyone had tried this when paying for mortgages and other utility like bills? I did not find any mention on Chase’s site that they would not be eligible for the 5%.

    By the way, is it still possible to use cards like this to purchase things an atuomobile? I am just ending a lease and that would be nice.

    Jay

  6. How do you pay mortgage using a credit card? I have a loan under BofA. Appreciate a response. Thnx.

    Jojo

  7. I have an AARP credit card. I have clicked on several highlights trying find the rewards available and how many points I have. PLEASE, email the exact steps to reach reward points so I can redeem my current amount.

    Phyllis Ottens

    • Hi Phyllis,

      Here’s how to redeem your rewards:

      1) Login at chase.com.
      2) Click “show rewards” under your account summary; then click “see reward details”, and finally “redeem rewards”.
      3) Now you can browse the rewards and select the gift card or cash you want to redeem for your points and add it to your cart.
      4) Once you have your cart full of the rewards you want, finish your checkout and your rewards will be on their way.

      I hope that helps!

      Madison

  8. Is AARP Chase VISA still giving 5% back? Do you know if this a Platinum level card or Signature level card? Do you know if Chase reflects my credit limit on the Signature card to the three credit reporting bureaus? I want to lower my credit utilization, but need to make sure that the credit limit is shown on my credit report like my other charge cards.

    Jim


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