The Jasper Mastercard has a number of perks and benefits underwritten by Mastercard, including: Other fees may apply, including a foreign transaction fee for purchases made outside the United States or denominated in foreign currencies. Cash back doesn’t expire as long as your account remains open and in good standing and is automatically applied to your account balance at the end of each statement cycle. Earning and Redeeming RewardsĪll eligible Jasper purchases earn 1% cash back. Your actual credit limit will depend on your income, creditworthiness, and other factors. Jasper offers credit limits up to $15,000 with no security deposit required. You can apply for the Jasper Mastercard without providing your Social Security number, although you will eventually need to do so after your account is approved. Jasper’s application process is also unusual for not requiring a Social Security number upfront. However, if you have good credit, your application will be considered using common credit factors and will involve a traditional credit check and credit report pull from one of the three major consumer credit reporting bureaus (Experian, TransUnion, or Equifax). Not having a credit score or having limited credit won’t necessarily disqualify your application. Underwriting ProcessĬonsistent with a credit card meant for building credit, Jasper uses a nontraditional underwriting process that considers noncredit factors, including sufficient proof of income, to produce a more holistic gauge of applicant risk. The Jasper Mastercard’s most important features include: Referral Bonusįor each friend you successfully refer to Jasper, you’ll earn an extra 1% cash back for a full year, up to 6% total cash back (5% above the usual 1% cash-back rewards rate). citizens) to apply for U.S.-based credit. Still, it’s an above-average choice for anyone in the process of building or rebuilding credit and one of the few issuers that makes it easy for foreign nationals (and not just permanent residents and U.S. It lacks an introductory APR promotion, for example. to take a new job.Īnd it’s an excellent alternative to secured credit cards, which require what’s effectively a down payment as a condition of use. This makes it appropriate for those pursuing higher degrees or people arriving in the U.S. But it doesn’t require a credit history for approval thanks to an innovative underwriting process, and it’s available for foreign nationals in the United States on student or work visas. It’s not technically a student credit card. The Jasper Mastercard® (Jasper Card) is an unsecured credit card designed for first-time credit card users and those looking to build credit.
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