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Cash-back credit cards are one of the best offerings available. If you have good credit and pay off your balance in full each month, you actually earn money without breaking a sweat. However, these cards are often reserved for the ones with the best credit and a history of on-time payments – basically, the people who don’t really need them. One card is trying to disrupt this system: the Aspiration Spend and Save Account .
What’s the Deal on Cash-Back Rewards?
This card offers a 0.5% cash back reward on all purchases, something that is truly unique for a debit card, so you don’t have to have near-perfect credit to reap the same benefits. Every time you swipe your card, you get a little cash back to pad your pockets. Additionally, you get even more rewards when you spend at businesses with a conscience.
One of Aspiration’s biggest motivations is its commitment to business transparency and the environment. Aspiration has its own unique algorithm in which it assigns a specific score to a business based on that business’ impact to the local community and the world. This is called the Aspiration Impact Measurement. The score considers various factors like:
So Where Do the Feel-Good Emotions Come In?
- Employee pay
- Workforce diversity
- Environmental impact
- Greenhouse gas emissions
- Energy efficiency
- Renewable energy use
- 0.5% Cash Back On All Purchases
- Up to 2% Annual Interest On Funds
- Free Access To Every ATM Worldwide
You can see the scores of places where you shop in the Aspiration App. Using the app to find businesses with higher AIM scores allows you to shop with a conscience and support those businesses that have values that match your own. You can track your own Sustainability Score based on your shopping decisions and spending history, too.
Wow! Are There Other Perks?
Of course! This online account is designed to be as easy-to-use as possible. Key features include:
- You can choose your own fees – You get to decide what fees you want to pay. Your monthly fee can be as high as $10 or as low as $0 – your choice, no joke.
- There are no ATM fees – You can use any ATM around the world with no fee. If you’re charged an ATM fee, it reimburses the fee amount to your account.
- You get sizeable interest – While many banks give you an almost meaningless amount of interest, Aspiration pays a 2.00% APY on your savings. This is over 100 times what most banks are currently paying.
- You can conveniently bank at home – The Aspiration mobile app lets you access your account from home, work or anywhere else. No having to run to a bank on a Friday before 5 p.m. Simply snap a picture of your check and get instant access to your funds.
So, What Are You Waiting For?
Aspiration lets you earn cash back without having to rely on a near-perfect credit score.
And, if you’re worried about having to take valuable time out of your day to go into a bank and apply for an account – don’t worry.
You can sign up online in just about five minutes.
With everything to gain and nothing to lose, now’s a perfect time to sign up for your Aspiration Spend and Save account.