Overview of Jasper
Moving to the US is not an easy feat for anyone. Starting somewhere new can seem like an impossible task, no matter how educated you are or the job offer that you have. One of the main struggles when moving abroad is setting up financial services.
Most credit cards want you to have a good credit score before applying for a card. Qualifying for a credit card can be frustrating. It’s a catch 22, how do you get credit history if you are unable to obtain any financial services that build credit? That is where Jasper saw an opportunity for a new kind of credit card.
Check out Jasper Credit Card here
Jasper is a credit card company that opened its doors in 2018. They offer a unique service by providing a credit card for working professionals immigrating to the US.
The Jasper vision is to help professionals moving to the US build a credit history. The company sends reports on your spending, payments and utilization to the credit bureaus Equifax and TransUnion.
What is unique about the Jasper Credit Card is that applicants do not need a previous credit history¹ or an SSN² to apply and be accepted.
Our Review of Jasper
Our opinion of Jasper is positive. They have found a genuine need in the finance market for new settlers and have created a product that aids it. With more immigrants than any other nation flocking to the US, there is a need for a company that can help build a credit history.
The Jasper Mastercard® credit card is impressive. It brings an opportunity that other credit cards simply don’t offer.
What makes this card shine is that applicants do not need a credit history¹ to get approved or an SSN². Jasper uses their own criteria for approvals that include information such as proof of a work visa and employment.
They do not run a hard credit inquiry for applicants who are new to the U.S. and are in the country on a work visa. For other applicants, they will pull a credit check. But their review is always based on multiple criteria, not just your credit score.
Read more about Jasper Mastercard® credit card Here.
If you are new to the US, apply for the Jasper Mastercard®. It will help build your credit history over time, which will allow you to borrow for larger items such as mortgages and home loans at a lesser rate. Having a good credit score in the US can save you a lot of extra costs when needing to borrow in the future.
- No annual fees³
- No credit history¹ required
- No penalty APR
- Credit building
- No overseas transaction fees
- Travel insurance – flight and baggage cover
- Zero liability cover
- Cell phone insurance
- Travel Accident Insurance
- You do not have to be a citizen or permanent resident of the US to apply
- Reports credit activity only to Equifax and TransUnion
- No online account access
Although Jasper is a young company, it has gained an impressive reputation. Few companies offer such a unique credit card for those relocating to the states.
Website and Functionality
The Jasper website is easy to navigate. All communication with the company is online. You can apply for a credit card through their website. They offer a login service where you can keep up to date with your application process.
The downside to the Jasper website is that you cannot access your credit card account from there.
The company wants to provide a service that its customers can access anytime, anywhere. Customers can access their accounts on the go through the personal smartphone app. Jasper offers other alternatives to an online account with their app.
Jasper Mastercard® credit card is compatible with digital wallets through Google Pay or Apple Pay, making it easy to access your account wherever you go.
Check out Jasper credit card here
Does Financer.com recommend Jasper?
Financer.com recommends for those people relocating to the US and want to start building a credit score early. Their APRs are competitive with other credit cards. The purchase APR is currently 15.49%-24.99% variable and the cash advance APR is 25.99% to 29.99% variable.
Jasper Mastercard® does offers rewards: earn 1% cash back on every eligible** purchase. The card also offers no annual fees³ and other benefits like no overseas transaction fees and liability cover.
**Terms apply: http://www.jaspercard.com/disclosures/rewards_terms *Review the Jasper fee schedule at www.jaspercard.com/fees
¹ If the applicant has been living in the US for more than one year at the time of application, SSN must be provided and application review will include a credit check.
² SSN is required within 60 days of card activation. Card can only be activated from within the US. Applicants who have been living in the US for one year or more must provide SSN at the time of application and undergo a credit check
³ Review the Jasper fee schedule.
The Jasper Mastercard® is issued by WebBank pursuant to a license by Mastercard International Incorporated. Mastercard is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated. WebBank, Member FDIC © 2020.