There is little information about the Aspen credit card, even if you visit different online sites. It is considered a disadvantage for some people because it might indicate that it is not good enough to purchase.
However, before making this decision, you need to know a bit about the card offerings and what can be achieved with them. It is a credit card created to offer better quality services for fuel and other purposes.
A credit card for people with bad credit
Possibly this is why there is not too much information online. As expected, products designed for users with bad credit have higher interest and additional fees than expected.
The application is made online and must provide detailed financial information. It is a U.S.-only option, and its fees are higher than desired. Charges will be part of your inconvenience if you are not careful about the expenses.
Main features of the credit card
The process to acquire it is like any other card, by going to their website and requesting to acquire it. The company will ask you for financial information and documents to verify it and decide whether to approve it or not. As part of its features, you will also find:
According to Aspen, they have the most convenient and secure payment systems to protect your information and ensure receiving all payments on time. Their online platform is available for this.
Payment options available
By acquiring a credit card, payments can be received and sent in different ways simply and without too much juggling. It supports Apple Pay, American Express, EBT, debit, ACH, Discover, gift cards, MasterCard, and Visa.
Payments are PCI-certified and secure. The card has a P2PE system that offers security and reduces the scope of PCI. Thus, it can provide full protection against data breaches.
On the other hand, the card is PCI offshore compliant to keep the customer’s profile always secure. During transactions, there is an irreversible token that will keep them secure.
Benefits of the Aspen card
Despite many customers’ opinions, the Aspen credit card continues to be a good option for those who do not have the best credit to opt for another type of card. Some of its notorious advantages are:
- The Home Office will keep you protected from fraud, and the bureau will protect all users through constant reviews
- Aspen cardholders can make inquiries and balance checks easily through ATMs
- This card can process payments at retail stores by displaying the aspen MasterCard logo. You can find the participating stores in your user account on the website
- As a cardholder, you do not pay transaction fees when you are in the UK
- You can access the telephone service available 24 hours a day to make revisions, queries, or activate your products
- The cardholder can exclusively use them; this can be beneficial in detecting when the card is stolen
As a high-risk card, it has high fees to ensure that cardholders comply with the obligation to make payments on time. There is a $29 set-up fee to acquire the card.
It also has a monthly maintenance fee of $6.50, which translates to $78 per year. As for the APR, it will be the preferential rate of 19.5%. When a payment is missed, it will rise to 25.75%.
You enjoy a grace period of 25 days; this is an additional benefit as it is longer than conventional. Generally speaking, all rates are higher, but it is a good option when you have bad credit and will be prudent with expenses.