Jasper is a new credit card that offers up to 6% cash back on all purchases. Let’s take a look at this card in more details:
- No annual fee
- Card earns up to 6% on all purchases.
- 1% cash back as a base rate
- Additional 1% cash back for every friend you refer (up to an additional 5% cash back for a total of 6%). This lasts for one year, person you refer also receives an additional 1% cash back
- $15,000 credit limit maximum
The terms of this card specifically call out manufactured spending and I suspect they will be very strict on shutting down accounts, especially for those with the 6% rate activated. I suspect most people also won’t be eligible for anything near a $15,000 credit limit either. If you can get that limit and can cycle it monthly then obviously this is a fantastic card. Again in reality I don’t think this will eb the case. Please do not share your referrals in the comments below, but you can share them in this linked thread.
Hat tip to reader Jags