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» Update
This story is out of date. The Jasper Mastercard® has been discontinued and is no longer accepting applications.
The Jasper Mastercard® will soon offer 1% cash back on all purchases for all cardholders.
Starting Oct. 28, 2020, the card, issued by WebBank, will earn rewards that redeem automatically every month as a statement credit to cardholders’ accounts. There will be no minimum redemption threshold; cash back will redeem at any amount.
Terms will apply. For example, accounts must be active and in good standing to qualify for rewards.
Aside from the new rewards benefit, other card features will remain the same. Cardholders can continue to expect:
$0* annual fee.
No security deposit.
A credit limit of up to $5,000.
Payments reported to two of the three major U.S. credit bureaus.
The ongoing APR is 15.49%-24.99% Variable.
Jasper started shipping credit cards to qualified customers in January 2018, when it was operating under the name CreditStacks. The card initially was designed for working professionals who were new to the U.S., but it has since changed its underwriting and now requires both a Social Security number and a traditional hard credit inquiry for applicants.
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