Aspen Credit Card Review

While completing the research for this article, I was amazed at the lack of information available for the Aspen credit card. I was beginning to wonder if there was a secret club that was privy to this information only. After some searching I was able to access a couple of websites but only found the application form, methods of payment and a frequently asked questions section.

So what did I discover about the Aspen credit card?

The card is only available to you if you live in named geographic locations. If you live outside of the USA then please do not apply. The restrictions do not stop there though. If you live in Iowa, New York, Wisconsin, Puerto Rico or any other named U.S. territories then you are also on the black list and would not qualify for an Aspen credit card.

If you are trying to rebuild your credit, then the Aspen credit card would be helpful to you. The card is unsecured but there are several fees that make this card very expensive to keep.

The fees attached to the Aspen credit card are as follows:

• $20 must be paid before you can activate and use the credit card
• Annual Fee of $150 per year
• One time account opening fee of $29
• Monthly maintenance fee of $6.50
• Late or over limit fee of $35 each

Apart from the $20 fee which is paid before the account can be activated, all other fees are posted to your account after your application has been accepted.

It seems as if these fees make up part of your credit limit and the average limit given by Aspen is $300. If you do the math then this does not leave you with a lot of credit for spending on the things you need.

I could not find any information to indicate whether or not the Aspen credit card reports to the three major credit bureaus as this would be helpful if you need to show a good payment profile for rebuilding your credit. You would need to find out from the issuer whether they report to the credit bureaus or not.

On the plus side you would be able to use your new credit card on the Plus® and Honor® network or wherever the MasterCard® logo is displayed.

Looking at the information available on the Aspen credit card, there is not much to go on in terms of explaining the benefits of owning the card. It would have been useful to know how it could help rebuild credit and how much credit one would actually have available after all the fees have been deducted from the account.

A better alternative seems to be the Imagine Gold Credit Card.

The Imagine Credit Card offered by the First Bank of Delaware, ensures you have transparent information on exactly what you are going to get if you apply for the card. This card guarantees you approval with a $300 - $350 credit limit. It is designed to work with you to increase your credit rating by reporting to the three major credit bureaus and once you continue to pay your bills on time, you would be entitled to regular credit line increases.

I was able to locate some useful information on the Aspen credit card, the Imagine credit card and other Bad Credit credit cards so be sure to visit the links provided below.

• You can search and compare credit cards for people with bad credit at --> Bad Credit Credit Cards.

• To find out more about the Imagine Gold Credit Card visit --> Imagine Gold Credit Card.

• To obtain more information on the Aspen Credit Card, the company details are listed below:

Aspen MasterCard
Aspen MasterCard Services, P.O. Box 105555, Atlanta GA 30348-5555.
cardholderservices@myaspencard.com

Apply For A Credit Card

Menu

Aspen Credit Card Review