Aspire Platinum Rewards Review: A Triple Threat vs. Debt

You'll get a coveted combo of debt-busting features, plus ongoing rewards to boot. Membership is required, though, and the intro APR period is relatively short.

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Our Take

2.0

NerdWallet rating 

The bottom line: This card offers some hard-to-find features for those looking to pay down debt, and its modest rewards may make it worth keeping around afterward.

Aspire Federal Credit Union Platinum Rewards MasterCard Credit Card

Aspire Platinum Rewards Mastercard®

Annual fee

$0

Regular APR

10.90% - 18.00% Variable

Intro APR

Purchase: None

Recommended Credit Score

Quick Facts

Pros & Cons

Pros

  • No annual fee
  • 0% introductory APR* on balance transfers for the first six months

Cons

  • Credit union membership required

Alternate Pick: Longer intro APR period

Discover it® Balance Transfer
NerdWallet rating 

Discover it® Balance Transfer

Richer rewards

Get an intro 0% on Purchases for 6 months and 0% on Balance Transfers for 18 months, and then the ongoing APR of 11.99% - 22.99% Variable APR. Plus, earn 5% cash back in rotating quarterly categories on up to $1,500 in purchases each quarter (activation required); 1% after that. Bonus categories have previously included gas stations, restaurants, grocery stores and more. Annual fee: $0.

Read our review

Compare to Other Cards

NerdWallet rating 
NerdWallet rating 
NerdWallet rating 
Annual fee

$0

Annual fee

$0*

Annual fee

$0

Regular APR

13.74% - 23.74% Variable APR

Regular APR

14.49% - 24.49%* Variable APR

Rates & Fees

Regular APR

14.99% - 23.74% Variable APR

Intro APR

0% intro APR on Purchases and Balance Transfers for 18 months

Intro APR

0%* intro APR for 20 billing cycles on purchases and balance transfers*

Intro APR

0% intro APR on Purchases for 15 months

Recommended Credit Score
Recommended Credit Score
Recommended Credit Score

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Full Review

The  showcases some coveted features for a card designed primarily for tackling debt.

For starters, it offers the sought-after trifecta of zeroes: a  annual fee, a 0% intro APR period, and a $0 balance transfer fee for balances transferred during the first six months of opening an account. That's an impressive combo.

It also offers a sign-up bonus — toward which balance transfers count — and its ongoing rewards can make it a useful card long after you've crushed your debt.

You'll have to be a member of Aspire Federal Credit Union to get the card. And if you're looking to transfer a particularly large balance, you can find cards that offer much lengthier intro APR periods.

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Card type:  and .

Annual fee: .

Sign-up bonus: , an offer Aspire notes is worth $50 in cash back.

Rewards: 1 point for every $1 spent.

Points are worth 1 cent a piece regardless of the redemption option you choose. You can redeem points for travel, cash back, gift cards and merchandise through the CURewards website or app for iPhone and Android devices. Bonus points are also up for grabs through the CURewards website when you shop at participating merchants.

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APR: .

Foreign transaction fee: 1%.

Balance transfer fee: $0 for balances transferred during the first six months of opening an account. After that, it’s either $5 or 2% of the amount of each transfer, whichever is greater.

Mastercard benefits: Extended warranties, price protection, ID theft resolution.

There's no yearly cost to carry the card, no fee for transferring a balance during the first six months, an intro APR period for balance transfers, and a lower-than-average 1% foreign transaction fee. (Many cards charge a 3% fee.) All together, this means more of your money can go toward paying down your debt.

Unlike most credit cards, when you transfer a balance to the , it counts toward earning the card's sign-up bonus. Most credit cards specifically prohibit this.

The card provides a short break from interest payments when you transfer a balance. Get . Even that ongoing interest rate range is decent and might be lower than your current one, depending on what you qualify for. The average APR charged in the fourth quarter of 2018 for credit card accounts that incurred interest was 16.86%, according to the Federal Reserve.

The  offers 1 point per $1 spent on all purchases. It's a low rewards rate, but some balance transfer credit cards don’t offer rewards at all. To keep your finances simple, you may want to avoid putting expenses on the card until you pay off your transferred balance.

Membership at New Jersey-based Aspire Federal Credit Union is available to employees of participating organizations and their qualifying family and household members. You may also be able to join as a member of the Marine Mammals Stranding Center, Aspire's partner association, and by depositing $5 into an Aspire Federal Credit Union bank account. () Other balance transfer card options allow you to sidestep membership hurdles, but may come with drawbacks of their own. With the , for example, balances transferred within the first 45 days get an intro APR period but incur a balance transfer fee. Balances transferred after that don’t incur a balance transfer fee, but you’ll have to pay the ongoing APR. You can't have both.

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You can get a longer introductory APR elsewhere if you’re willing to compromise on the balance transfer fee. Consider the . It offers an intro . It has a annual fee and a 3% intro balance transfer fee and up to a 5% fee on future balance transfers (see terms.)

If you have good credit and are in the habit of paying off your balance in full each month, other credit cards can reward you much more handsomely. If you prefer credit unions, the offers 3% cash back on all purchases made in the first year, and 2.5% after that. It does have an annual fee, however: . If you favor a annual fee, the  earns 5 points per $1 on gas purchases at the pump and electric vehicle charging stations; 3 points per $1 on supermarket purchases, restaurants and dining, and cable, satellite and other streaming services; and 1 point per $1 on all other purchases. Both of these credit unions offer memberships with a qualifying donation. Or opt for a from a major issuer, where membership isn't required.

To see how these options stack up with the competition, see our roundup of the .

The offers a hard-to-find combination of debt-busting features, along with modest rewards and some unique perks.

But if you're not interested in joining a credit union or you need a longer interest-free window for balance transfers, explore other options.