The Aspiration Zero credit card offers cash-back rewards, but its main benefit is allowing cardholders to offset their carbon footprint by turning every purchase into a newly planted tree.
Furthermore, Aspiration simplifies your online banking experience with offerings like its Spend & Save Account. With this account, you can access both an online checking account and online savings account via a web browser or mobile app.
Pros & Cons
Pros
- Offers a hybrid cash account with a rare up-to-10% cash back on certain purchases and up to 1.00% APY with an Aspiration Plus subscription.
- No monthly fee for the basic Aspiration Save account and no overdraft fees.
- Welcome bonus of up to $200.
- Optional Planet Protection feature offsets carbon outputs when buying gas.
- Spending tracker for social impact, and 10% of Aspiration’s earnings go to charity.
Cons
- The highest interest rate comes with quite a few hurdles and a fee.
- No branches or CDs.
- No cash deposits.
- Limits on debit card use internationally.
- Has had customer support issues.
Rates, fees & offers
- Annual fee: Pay what is fair, even if it means zero. But the Aspirations Plus costs $15 per month or $12.50/mo if you pay annually
- Bonus offer: welcome bonus for customers who spend at least $1,000 in the first 60 days of account opening. Customers who opt for the basic account receive $150, and customers who opt into Aspiration Plus plan receive $200
- Minimum deposit to open account: $10
- Transaction limits:
50 transfers daily between Aspiration Spend and Aspiration Save accounts
$5,000 daily outgoing transfers (ACH/bank transfers)
$1,000 daily incoming transfers (ACH/bank transfers)
$1,000 ATM daily withdrawal limit
$4,000 total PIN and Signature based daily limit - ATM access: Yes, up to at least five transactions per day. Transactions at Allpoint ATMs are free and unlimited. Aspiration Plus members may receive one out-of-network ATM fee reimbursement each month.
Review
Everyday purchases lead to planted trees
Whenever you use your Aspiration Zero card, one of Aspiration’s global reforestation partners plants a tree. Round up your purchase to the nearest dollar to plant a second tree.
Extra cash back
It’s like a carbon footprint for your cash. See how the companies you spend with score on their treatment of employees and the environment, every time you log in to your account.
Earn extra cash back rewards for shopping smarter!
Pay what is fair
Aspiration doesn’t surprise customers with hidden fees, so you can expect to pay only what it costs to provide the service. With its “Pay What is Fair” approach to monthly account fees, you get to choose how much you pay Aspiration each month for your account, even if that amount is zero.
Aspiration is built on mutual trust. Its customers trust them to provide services and it trusts its customers to pay what they think those services are worth. You can change the amount you pay Aspiration at any time.
Whatever you decide to pay Aspiration, they will donate 10 cents of every dollar to charities providing economic opportunities to Americans.
How to request this card
Applying for a credit card is very simple and you can do it through the app or website. But you need:
- Social Security Number
- Gross income
- Employer name (if applicable)
- Rent/mortgage amount
