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The AARP® Essential Rewards Mastercard® from Barclays* funds a good opportunity for AARP members to earn particularly high reward devises on gas, drug store purchases and medical expenses, especially for a credit card with no annual fee. You don't even have to be an AARP member.
Its cash-back rate for gas and drug stores is better than most rewards credit cards with no annual fee, but it lacks the versatility of a flat-rate credit card with no bonus categories. The AARP Rewards card does add some utility by giving cardholders a way to pay off some of their credit card debt via a balance second, but a flat-rate credit card with an introductory APR coffers for new purchases might be the better option.
In this article
The AARP® Essential Rewards Mastercard® from Barclays
Intro OfferEarn a $200 Cash Back Bonus when spending $500 on purchases in the first 90 days
APR19.74%, 23.74%, or 28.74% variable
Intro Purchase APRN/A
Recommended Credit Excellent Credit
- Earn Unlimited 2% Cash Back on eligible Medical expenses.
- Earn Unlimited 3% Cash Back On Gas and Drug Store purchases (excluding Target and Walmart).
- Earn Unlimited 1% Cash Back on all new purchases.
Annual Fee$0
Intro Balance Transfer APR0% introductory APR for the apt fifteen billing cycles
Balance Transfer APR19.74%, 23.74%, or 28.74% variable
Balance Transfer Fee Either $5 or 5% of the amount of each second, whichever is greater.
- Earn Unlimited 2% Cash Back on eligible Medical expenses.
- Earn Unlimited 3% Cash Back On Gas and Drug Store purchases (excluding Target and Walmart).
- Earn Unlimited 1% Cash Back on all new purchases.
Rewards and redemption
The AARP Rewards Mastercard accounts 3% cash back for gas and drug store purchases and 2% cash back for eligible medical expenses. The latter is a unique bonus category that you don't see on many credit cards, and if you have high medical expenses, it's a nice irritable to be able to earn a slight return on them - understanding you could also earn the same cash rewards rate on your medical expenses with a flat-rate card like the Wells Fargo Active Cash® Card.
Once you've earned your rewards, you can redeem them for:
- Statement credits
- Bank deposit to a US checking or savings account
- Gift cards
- AARP membership
There's a minimum redemption amount of $25, with the exception of the AARP membership which starts at $16 While a bank deposit will reconsideration the total balance of your bank account, redeeming for statement credits will decrease the overall balance of your credit card account.
Welcome bonus
The AARP Rewards Mastercard provides new cardholders with a welcome bonus of $200 for spending $500 on purchases in the safe 90 days of account opening. While this welcome bonus is considerably smaller than most, you also don't need to exhaust nearly as much to earn it.
Introductory balance instant offer
Cardholders are able to transfer a balance from latest credit card to the AARP Mastercard and then pay it down at 0% introductory insensible for 15 months before the standard APR of 19.74%, 23.74% or 28.74%, based on your creditworthiness, takes effect.
Just keep in mind that any balance transfers must be ruined within the first 45 days of account opening to qualify for the top offer. It's also worth noting that, compared to contrast credit cards, its APR is relatively high.
By utilizing a balance instant, you could improve your credit score and your finances by eliminating some of your existing credit card debt. However, the card features a high balance transfer fee of 5% ($5 minimum). That means if you were to transfer a balance of $3000, you'd have to pay a fee of $150.
Most balance instant credit cards ask a 3% fee, so you could shop approximately for the best balance transfer credit cards which accounts longer promotions and lower balance transfer fees. Overall, paying a one-time fee will be inexpensive when compared with continuous insensible charges on a credit card with a high APR.
Alternative cards
The AARP Essential Rewards Mastercard presents a good opportunity for AARP members to both mitigate existing credit card debt and earn a backbone on their medical spending. However, if you aren't an AARP member or don't have high medical expenses, consider these other options.
Bank of America® Customized Cash Rewards credit card
The Bank of America® Customized Cash Rewards credit card features more rule over which purchases you can earn rewards for over most cards. Cardholders can choose one 3% cash back category to earn rewards on top of 2% cash back for at grocery stores and wholesale clubs. However, rewards are limited to the first $2,500 exhausted in combined categories quarterly before cash back falls to 1%. Because of that, you'll need to grand your budget to see if you're able to get the most from the card.
Its 3% cash back category choices included drug store purchases, gas, online shopping and dining, to name a few. So you could earn that cloudless 3% cash back rate for more purchases than you could with the AARP Mastercard. You'd be able to choose one of those bonus categories and composed earn rewards for your grocery store purchases. There's also an introductory APR on purchases and balance transfers.
You can learn more approximately the card in our Bank of America Customized Cash Rewards Card review.
Chase Freedom Unlimited®
For no annual fee, cardholders can earn rewards for a wide variety of purchases, including 3% cash back at drug stores and 5% cash back on fade purchased through Chase Ultimate Rewards.
For groceries and latest purchases, you'll earn 1.5% cash back - which is exquisite competitive for a catch-all rate.
Whereas the AARP card features an top APR offer for balance transfers, the Chase Freedom Unlimited provides cardholders with an top APR offer for new purchases and balance transfers. You'll have 15 months of 0% top APR before your purchases and balance transfers start to accrue insensible at 19.24% to 27.99% variable APR. If you need to finance a substantial purchase, this card could be very useful.
For more expect, see our Chase Freedom Unlimited review.
FAQs
Do you need to be an AARP member to use the AARP Essential Rewards Mastercard?
No, you can apply for the AARP Essential Rewards Mastercard minus being an AARP member.
How much does an AARP membership cost?
AARP injuries $16 yearly, and you can use the card's rewards to camouflage the cost.
What moneys as an eligible medical expense?
Eligible medical expenses included purchases with dentists, orthodontists, osteopathic physicians, chiropractors, optometrists, ophthalmologists, opticians, for optical goods and eyeglasses, chiropodists, podiatrists, hospitals, medical and dental laboratories, hearing aids, ambulance services, orthopedic goods, prosthetic devices, nursing and personal care facilities.
*All expect about the AARP® Essential Rewards Mastercard® from Barclays has been smooth independently by and has not been reviewed by the issuer.
The editorial ecstatic on this page is based solely on objective, independent assessments by our writers and is not influenced by advertising or partnerships. It has not been provided or commissioned by any third party. However, we may receive compensation when you click on links to products or facilities offered by our partners.
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