For complete details of any products mentioned, visit bank or issuer website. Our partners compensate us. Establishing credit for the first time can be challenging. Jasper Mastercard Review: An Option Better Suited for U.S. Editorial Note: The content of this article is based on the author’s opinions and recommendations alone. They can make the card more worthwhile, although you’ll need to explore them a bit to learn how to use them. Credit Card Insider and CardRatings may receive a commission from card issuers. You can now use the Reviews feature to search for the most appropriate credit card using these insights, as well as the thousands of unbiased reviews … The Jasper Mastercard may be particularly useful for professionals who have recently moved to the U.S. Establishing a credit history from scratch is tough, because most financial products, like credit cards, usually require you to already have some credit. How Do I Apply for the Jasper Mastercard? Read this for help picking your first card and find out what to expect when you apply. Content is not provided or commissioned by any credit card issuers. • A credit limit of up to $5,000. The Jasper Mastercard® is one of the best unsecured credit cards on the market for applicants with limited or fair credit. With no credit scores required and some useful benefits and protections, it’s a helpful way to get a handhold in your new home. This information may be different than what you see when you visit a financial institution, service provider or specific product’s site. It reports to Equifax and TransUnion. It brings an opportunity that other credit cards simply don’t offer. EDITORIAL DISCLOSURE: The editorial content on this site is not provided by the companies whose products are featured. ⁴ Review … Unlike a debit card, it helps build your credit history with monthly reporting to all 3 major credit bureaus. Credit Card Insider has partnered with CardRatings for our coverage of credit card products. WebBank, Member FDIC © 2019. The minimum deposit you can make is $200, while the max is $2,500 (depending on your creditworthiness). The target market for the card is a select niche. Pre-qualified offers are not binding. This card will be of particular interest to newcomers to the U.S. • An annual fee of $0*. Use the unique referral link you can find in the Jasper app. Brendan has been writing about personal finance for over eight years, and is now taking on the challenge of bringing high quality credit education to the masses. Advertiser relationships do not affect card ratings or our Editor’s Best Card Picks. Designed for those moving or newly moved to the U.S., the Jasper Mastercard (rebranded from the CreditStacks Mastercard) provides a way to get your feet wet in the world of credit cards. If you’re an international student in the U.S. for college, you can check out the Deserve Edu Mastercard (Review). And, you can monitor one of your VantageScore 3.0 credit scores, based on your TransUnion credit report, something the Jasper card doesn’t offer. Credit Bureau Reporting - Jasper … The Jasper Mastercard® is issued by WebBank pursuant to license by Mastercard International Incorporated. Uniquely, Citi doesn’t require you to have a bank account in order to apply and make your initial security deposit. No — you can apply for the Jasper Mastercard if you live outside the U.S., as long as you’re an employed professional who will be starting a new job in the U.S. in 60 days. Property and Casualty insurance services offered through NerdWallet Insurance Services, Inc.: Licenses, NerdWallet Compare, Inc. NMLS ID# 1617539, NMLS Consumer AccessLicenses and Disclosures, California: California Finance Lender loans arranged pursuant to Department of Financial Protection and Innovation Finance Lenders License #60DBO-74812, Prevent identity theft, protect your credit, The difference between term and whole life insurance, How medical conditions affect your life insurance rate. Earn 1% Cash Back - Jasper allows you to earn 1% cash back for every eligible purchase. For more information, see NerdWallet’s full review of this card. The Jasper Mastercard® is designed for those looking to build their US credit profile, with credit lines up to $5,000. Start with 1% and get extra 0.5% for a full year for every friend you bring on board, No annual fee, no security deposit, no foreign transaction fees, Simple, intuitive app to manage your account, Unique auto payment options that help you build and maintain your credit score, Receive cash back automatically every month as a statement credit after three on time payments. This unique rewards program allows you to increase your cash back by referring your friends to Jasper — what’s good for Jasper can be good for you. Here is a list of our partners. Citi is a Credit Card Insider advertiser. 11 Best First Credit Cards (And All the Credit Questions You Were Afraid to Ask), No credit history, credit scores, SSN, or ITIN needed to apply (but SSN must be provided within 60 days of card activation, and applicants living in the U.S. for at least a year must provide an SSN and undergo a credit check when applying), The application process can be started up to 60 days before your planned start date at your new job, A credit limit of up to $5,000 for all approved applicants, Up to 6% cash back on every eligible purchase (, Mastercard benefits, along with some shopping and travel protections, Maximum credit limit of $5,000 (which isn’t too bad for a card designed for limited or no credit), Only 1% cash back unless you successfully refer people to get a Jasper card. Here is a detailed review of it. Jasper uses their own criteria for approvals that include information such as proof of a work visa … The spending rewards are minimal, but you can bump them up if you know some people who could use a good way to build credit in the U.S. The Jasper Mastercard® is a good starter credit card designed to help applicants with no credit build credit history. You can earn cash back on purchases while building credit. Get this card if you’re moving to the US and you don’t have a credit history, or if you’re a US citizen who wants to build credit. Your account must be active and in good standing. This will do several things for you at once: Balance transfers are not available with this card. Not immediately, no. New to credit cards? Elnor Rozenrot, CEO and a co-founder of Jasper, outlines the vision for his company in an interview with Israel Daily: “Essentially, we help high-quality immigrants, professionals that relocate to the U.S., get access to a credit card on the day they land in the country, which is revolutionary, because up until now it took several months and quite a lot of pain in order to be able to get that first quality credit card.”. When applying you’ll need to submit your passport and visa information, along with proof of income in the U.S., including a work address. You can, however, pay more to increase it, up to $1,000. Like most cards, it isn’t as easy to be approved for the Capital One card as it is for the Jasper card. Keep reading to learn more about this card and find out. NerdWallet's ratings are determined by our editorial team. See the best secured cards on the market here! Credit Card Insider receives compensation from some credit card issuers as advertisers. Get up to 6% cash back by referring friends! If you find discrepancies with your credit score or information from your credit report, please contact TransUnion® directly. You won’t get as many travel protections as you would with the Jasper card, but you will be able to view your FICO Bankcard Score 8 based on your Equifax credit report. No, the Jasper Mastercard is an unsecured credit card, despite it being more accessible than most. Learn the difference between networks like Visa and issuing banks like Capital One, which banks are biggest, and more. The Jasper Mastercard® credit card is impressive. Responses have not been reviewed, approved or otherwise endorsed by bank advertisers. Yes, along with basic shopping and travel protections, you’ll get a few benefits you don’t typically see on cards such as this. If your move date is further than 60 days away, you can begin the application process to see if you’re pre-qualified. Your cash back maximum varies based on your credit limit. The Jasper Mastercard isn’t the only credit card on the market that can help you build credit from scratch. The Jasper Card is designed to remove those hurdles. Many of the top credit card issuers are large banks that have been doing business for over 100 years. Best Credit Cards for Limited or No Credit, Insider Advice: Getting the Most Out of Your Card. Anyone can start the initial application process to see if he or she is pre-qualified. You’ll get more protections with the Jasper Mastercard, considering the Discover card offers basically none. The American Express Cash Magnet® Card offers $150 statement credit after you spend $1,000 or more in purchases with your new Card within the first 3 months of Card … Do you have a correction, tip, or suggestion for a new post? We believe everyone should be able to make financial decisions with confidence. NerdWallet strives to keep its information accurate and up to date. However, Credit Card Insider does not make any guarantees about the accuracy or completeness of the information provided. That initial deposit runs from $200 to $2,500, so the max credit limit is a bit lower than the Jasper’s $5,000. Unique among credit cards, the Petal 2 Visa Credit Card is available to those without a credit score or security deposit. Read our review of the Jasper card now! When you apply, you’ll authorize Jasper to check your credit reports if necessary, so you may see a hard inquiry. Should you be using the Jasper Mastercard to establish a credit history and lay down a record of positive payments? There aren’t any impressive benefits or rewards attached, but since there’s no annual fee it provides another virtually free way to build your credit (as long as you avoid other fees). ³ Review the Jasper fee schedule. But maybe this card isn’t what you’re looking for? Jasper Mastercard Credit Card; ... Editorial content, including debit and credit card comparisons and reviews are not provided or commissioned by the credit card issuers. Without a U.S. credit history and Social Security number (or ITIN), you can’t apply for most credit cards. If your account is past due, cash back will be locked. If you don’t have a Social Security Number, or at least an ITIN with a U.S. address, it’ll be very hard to find another U.S. credit card you’ll qualify for. The Citi® Secured Mastercard® (Review) is another secured card, but this one is a little easier to get than the rest. The Jasper Mastercard comes with some basic shopping and travel protections that are common to many cards. And because the Jasper Mastercard is specifically aimed at helping immigrants to the United States build credit… The Jasper Mastercard credit card is a great starter card for people without any prior credit score as it allows people to build their score up. Citi Flex Plan offers are made available at Citi’s discretion. It might be impossible. It was originally designed for professionals recently relocated to the U.S., but it could be a good option for any professional in the U.S. with limited or no credit. The Jasper Mastercard is a rather unique credit card. This card will be … It is not the bank advertisers' responsibility to ensure all posts are accurate and/or questions are answered. Credit Card Insider and CardRatings may receive a commission from card issuers. So how do we make money? The Secured Mastercard® from Capital One (Review) is another path you could take towards establishing good credit. You’ll earn cash back as long as your account is in good standing (i.e., not delinquent). Learn more. Each month, Credit Karma analyzes over 5,000,000 credit card accounts to find out more about the average cardholder for each credit card. The Capital One Platinum Credit Card (Review), like the Jasper Mastercard, is an unsecured credit card designed to help people with fair or average credit. Manage your account 24/7 online, by phone, or in our mobile app. Cash back not limited to certain categories, earn on almost all everyday purchases, Cash Advance APR: 24.99% - 29.99% Variable, Bank of America® Premium Rewards® credit card, Blue Cash Preferred® Card from American Express. As long as you avoid interest charges and other fees, it can help you establish a credit history at no cost whatsoever. In most cases you’d need to start with a secured card, but this card offers an unsecured line of credit up to $5,000. The Jasper Card … Advertiser relationships do not affect card evaluations. Throw in an unusually generous lineup of Mastercard benefits and … The Discover it® Secured (Review) is one of the best secured cards currently available. But if you’ve been living in the U.S. for at least a year, you will need to provide an SSN while applying. Check out some alternatives to the Jasper Mastercard below. Content is accurate to the best of our knowledge when it's published. But if you do have an SSN there is a world of options available to you. Newcomers Designed for working professionals without a credit history, this card lowers some of the traditional … And, you don't need a credit history or credit score to apply.. But you will need to provide a Social Security number within 60 days of card activation. If you’re already in the U.S. and haven’t yet built up your credit, it could work for you too. If you’ve been living in the U.S. for some time and do have a credit profile, Jasper will check it with a hard inquiry when you apply. You can click the Apply Now button near the card name to go to jaspercard.com to apply for this card. It offers a credit limit of up to $5,000 and charges a $0 annual fee. Credit Card Insider has partnered with CardRatings for our coverage of credit card products. Jasper Mastercard® review A credit-building card best suited for professionals relocating to the US. This is everything you need to know to … The Jasper Mastercard® is targeted toward helping those with little or no credit history in the United States build credit, whether you’ve grown up in the country or you’re immigrating to the U.S. … Your cash back maximum varies based on your credit limit. Not only can it help you establish positive credit, it’ll also provide decent rewards for every purchase you make. The maximum limit is a far cry from what the $5,000 limit the Jasper card offers, and it will require you to have a Social Security number. Reasonable efforts are made to maintain accurate information, though all credit card information is presented without warranty. And while our site doesn’t feature every company or financial product available on the market, we’re proud that the guidance we offer, the information we provide and the tools we create are objective, independent, straightforward — and free. If your account is past due, cash back will be locked. Contact us here. a card with a good intro balance transfer offer, some alternatives to the Jasper Mastercard below, top card picks for international travelers, you’ll get a few benefits you don’t typically see. But recently, some smaller credit card issuers have emerged and offered welcome innovations. It offers a unique rewards program that pays up to 6% cash back. It doesn’t require an SSN, provides 1% cash back and a free year of Amazon Student, and has no annual fee. The security deposit here is a bit different than other secured cards. Advertising partners do not edit or endorse our editorial content. Their card is issued by WebBank. The Jasper Mastercard® credit card has changed that. Pick something else if you want a secured … Credit Card Insider receives compensation from advertisers whose products may be mentioned on this page. Get up to 6% cash back by referring friends! Card can only be activated from within the US. See the best secured cards on the market here! The Jasper Mastercard®, from the company formerly known as CreditStacks, aims to help working professionals with no previous credit history qualify for a credit card. All financial products, shopping products and services are presented without warranty. If you find discrepancies with your credit score or information from your credit report, please contact TransUnion® directly. These include Mastercard Travel & Lifestyle Services and Mastercard Airport Concierge. However, all credit card information is presented without warranty. Some other cards will charge a fee of up to 3% for those purchases. When evaluating offers, please review the financial institution’s Terms and Conditions. The shopping and travel protections it offers are pretty close to the Jasper Mastercard. The Jasper Mastercard®, from the company formerly known as CreditStacks, aims to help working professionals with no previous credit history qualify for a credit card. But you’ll have fewer shopping and travel protections. So the Jasper card can have a higher credit limit, with its cap of $5,000, and doesn’t require any deposit. We give the Jasper Mastercard® 4 out of 5 Stars, because it reduces some of the traditional barriers for people who have just moved to the U.S and are new to credit. It’s hard to break into the world of credit when you’re starting with nothing but your good name and money in the bank, but you have an option with Jasper. It's well-suited for high-income professionals with no prior credit … It may not have been reviewed, approved or otherwise endorsed by the credit card issuer. The Jasper card can be used to improve your credit completely for free because there’s no annual fee. The responses below are not provided or commissioned by bank advertisers. Credit Limit - You will be given a credit limit of up to $5,000. He makes sure that Credit Card Insider is covering the most important credit topics transparently and precisely, and that we have up-to-date reviews of credit cards so you can find cards that are right for you.