Aspire® Cash Back Rewards Mastercard® – 3% Cash Back and Up to $1,000
The Aspire® Cash Back Rewards Mastercard® is an unsecured credit card issued by the Bank of Missouri for consumers with Fair credit. There is no security deposit, and approved applicants can receive a credit limit of up to $1,000. The card offers 3% cash back on eligible gas, grocery and utility purchases and 1% cash back on other eligible purchases. You can prequalify without affecting your credit score before deciding whether to complete the application. The card has a 36% fixed APR, with an annual fee ranging from $85 to $175 during the first year and $229 after the first year.
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What Is the Aspire Cash Back Rewards Mastercard?
The Aspire Cash Back Rewards Mastercard is an unsecured Mastercard designed for consumers with Fair credit who want the opportunity to earn cash back without providing a security deposit. The card is issued by the Bank of Missouri and offers a credit limit of up to $1,000 for approved applicants.
Unlike a secured credit card, the Aspire card does not require you to deposit money with the issuer before receiving your credit line. Instead, the issuer determines whether to approve your application and how much credit to extend based on its review of your application and credit information.
How Does the Aspire Cash Back Rewards Program Work?
The Aspire Cash Back Rewards Mastercard offers 3% cash back on eligible purchases at gas stations, grocery stores and for utility bill payments. Other eligible purchases earn 1% cash back. The 3% categories make the card particularly relevant to someone looking for cash back on everyday expenses such as gasoline, groceries and utility bills.
Rewards are subject to the terms of the program. Fees, interest charges, balance transfers, cash advances and pending transactions do not earn cash back, and returned purchases can affect rewards earned on those transactions.
Cash back is automatically redeemed as a statement credit during the account anniversary month. The statement credit is applied to the purchase balance and cannot be used to satisfy the minimum payment or withdrawn as cash.
Does the Aspire Card Require a Security Deposit?
No. The Aspire Cash Back Rewards Mastercard is an unsecured credit card, so you do not have to make a security deposit to open the account. Your credit limit is determined by the issuer if you are approved.
How Much Is the Aspire Credit Limit?
The Aspire Cash Back Rewards Mastercard offers a credit limit of up to $1,000, subject to credit approval. The actual credit limit you receive can be determined by the issuer based on your application and credit profile.
The credit limit is relatively small compared with many mainstream rewards cards, but it can provide an unsecured account for someone who is working with a Fair credit profile and does not want to use a secured card requiring a deposit.
Can You Pre-Qualify for the Aspire Card?
Yes. You can check whether you may prequalify for the Aspire Cash Back Rewards Mastercard without a hard inquiry affecting your credit score. Prequalification is useful because it allows you to see whether you may be eligible before deciding whether to submit the full application.
Prequalification does not guarantee approval. If you accept an offer and continue with the full application, a hard credit inquiry may be performed. The issuer may also request information to verify your ability to repay the account, which can include bank account information.
➤ See if you pre-qualify for the Aspire® Cash Back Rewards Mastercard®
What Are the Aspire Card Fees?
The Aspire Cash Back Rewards Mastercard has an annual fee ranging from $85 to $175 during the first year, depending on the terms offered to the applicant. After the first year, the annual fee is $229. Because the card can have a credit limit of up to $1,000, these fees represent a significant cost relative to the available credit.
The card can also have other fees, including charges associated with balance transfers, cash advances, foreign transactions, late payments and returned payments. A paper statement fee may also apply. The specific fees applicable to your account are disclosed in the offer and card agreement.
What Is the Aspire Card APR?
The Aspire Cash Back Rewards Mastercard has a 36% fixed APR. Carrying a balance from month to month can therefore result in substantial interest charges. As with any credit card, paying the statement balance in full when possible avoids interest on purchases subject to the applicable grace-period terms.
What Credit Score Is Recommended for the Aspire Card?
The Aspire Cash Back Rewards Mastercard is listed for consumers with Fair credit. That does not mean a particular credit score guarantees approval. The issuer considers your overall application and credit information when making its approval decision.
Does the Aspire Card Help Build Credit?
An unsecured credit card can be used to establish or rebuild credit when the account is managed responsibly. Making payments on time and keeping the balance under control can help establish a positive credit history.
Cardholders can also receive access to a TransUnion® VantageScore 4.0 after 60 days, with registration required. This is an educational credit score and may not be the score used by the issuer when evaluating credit applications.
Who Is the Aspire Cash Back Rewards Mastercard For?
The Aspire Cash Back Rewards Mastercard may be an option for someone with Fair credit who wants an unsecured credit card and does not want to provide a security deposit. The card also provides cash back on several common spending categories, including gas, groceries and utilities.
The cost of the account is an important consideration. The first-year annual fee can be as high as $175, and the annual fee becomes $229 after the first year. Anyone considering the card should weigh those fees against the cash back they expect to earn and the value of having an unsecured credit account.
Aspire Cash Back Rewards Mastercard Summary
The Aspire Cash Back Rewards Mastercard combines an unsecured credit line with cash back rewards for consumers with Fair credit. There is no security deposit, approved applicants can receive up to a $1,000 credit limit, and eligible gas, grocery and utility purchases earn 3% cash back while other eligible purchases earn 1%. Prequalification is available without affecting your credit score, giving applicants an opportunity to check potential eligibility before submitting a full application.
The card's fees and 36% fixed APR are important to consider, particularly because the credit limit can be relatively small compared with the cost of maintaining the account. The complete terms should be reviewed before accepting an offer.
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FICO® Credit Scores
A FICO® Score is a proprietary credit score created by the Fair Isaac Corporation (FICO). About 90% of top U.S. lenders use it to make lending decisions.
FICO® Score Ranges:
- Exceptional: 800–850
- Very Good: 740–799
- Good: 670–739
- Fair: 580–669
- Poor: 300–579
FICO categorizes scores as Poor, Fair, Good, Very Good, and Exceptional.
What is a Credit Score?
A credit score is a three-digit number (300–850) predicting your creditworthiness. Lenders use it to evaluate risk and determine rates and terms for credit.
Why it matters: A higher score can help you qualify for loans and lower interest rates. A lower score can lead to higher borrowing costs or application denials.
FICO® Credit Score Facts
- Three-Digit Number: Summarizes your credit risk.
- Range: 300–850; higher scores = lower risk.
- Data Source: Uses your credit reports from Experian, Equifax, and TransUnion.
- Industry Standard: Lenders rely on FICO for mortgages, auto loans, and credit cards.
Note: Credit scores reflect your creditworthiness but do not guarantee approval for any credit product.
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