The Bank of Missouri’s Aspire Credit Card is aimed at those with less than perfect credit, offering access to credit without requiring a security deposit. However, it is critical to measure the advantages against the expenses, since the fees linked with this card might be substantial.
Aspire Credit Card Features and Benefits
Credit Building:
- The Aspire Credit Card may help you develop credit. It does not need a security deposit, making it available to individuals who may not have the necessary funds for secured credit cards.
Account Management:
- Cardholders may manage their accounts online 24 hours a day, seven days a week, including making payments, setting alerts, and checking balances.
Costs to Consider
| Type of Fee | Amount |
|---|---|
| Annual Fee (First Year) | $49 to $175 |
| Annual Fee (Subsequent Years) | $0 to $49 |
| Account Maintenance Fee | Up to $159 annually |
| Late Fee | Varies |
| Authorized User Fee | $19 per user |
High APR
| APR Type | Rate |
|---|---|
| Purchases | Varies based on creditworthiness |
| Cash Advances | Higher than purchase APR |
Customer Feedback
User feedback is overwhelmingly bad, with many consumers upset with the excessive costs and poor customer service. The card has earned an overwhelming quantity of 1 star evaluations from consumers on ConsumerAffairs, highlighting concerns such as unexpected account closures and bad customer support replies.
Aspire Credit Card Reviews
The Aspire Credit Card, aimed particularly for persons with less than perfect credit, provides a chance to establish credit without requiring a security deposit. However, it has significant expenses, including changeable yearly and maintenance fees, which might reduce its total worth. Customer evaluations often note concerns with customer support and unexpected expenses, recommending a thorough examination of the conditions before applying.
Alternatives
Other techniques for building credit may be less expensive. Cards like the Capital One Platinum Secured Credit Card require smaller security deposits and fees, making it a more reasonable approach to develop credit and manage money.
Conclusion
While the Aspire Credit Card provides the ease of an unsecured credit line and the opportunity to develop credit, its high fees and unfavorable customer reviews indicate that it may not be the ideal choice for everyone. Prospective users should carefully analyze their alternatives and whether the possible advantages exceed the drawbacks associated with this card.
FAQs
Q1. What are the eligibility requirements for the Aspire Credit Card?
Ans: Eligibility depends on your credit history and creditworthiness.
Q2. Does the Aspire Credit Card require a security deposit?
Ans: No, the Aspire Credit Card does not require a security deposit.
Q3. What are the annual fees for the Aspire Credit Card?
Ans: The annual fee ranges from $49 to $175 in the first year and $0 to $49 thereafter.
Q4. Can I manage my Aspire Credit Card account online?
Ans: Yes, you can manage your account online 24/7 through the Aspire Account Center.
Q5. Are there any benefits to using the Aspire Credit Card for credit building?
Ans: Yes, it can be used to build credit, especially for those with less than perfect credit scores.