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Chase to offer AARP credit card with cash-back perks for everyday purchases

240px-J_P_Morgan_Chase_Logo_2008_1.svgJPMorgan Chase’s Card Services division announced on Tuesday a new annual fee-free credit card for AARP members that offers three percent cash-back on gas station and restaurant purchases.

The card offers unlimited one percent cash-back on all other purchases, and it is designed to reward AARP members for everyday purchases. Customers also receive a 10 percent discount when redeeming card rewards for travel through Chase, as well as price, purchase, extended warranty and return protections and 24-hour personalized customer service.

“The new credit card for AARP members is designed to make life more rewarding for our customers,” Ralph Pinto, the senior director of Chase Card Services, said. “By providing cash back to customers on gas station and restaurant purchases that they’re regularly making, we’ve built one of the most rewarding credit cards for everyday expenses.”

Every year, the average household spends almost $3,000 at gas stations, more than $8,000 on everyday purchases like groceries and entertainment and more than $2,600 at restaurants. With the three percent cash-back on gas station and restaurant purchases and one percent cash-back on other purchases, the average household could earn more than $250 cash-back each year by using the card.

Additionally, cardholders can join the Drive to End Hunger, an initiative led by AARP and AARP Foundation to end hunger among the elderly. Chase has vowed to match donations to the program of $1,000 or less up to $1 million this year. Chase’s sponsorship has contributed $3.6 million to AARP Foundation, the equivalent of nearly 1.7 million meals for older Americans.

“AARP Foundation’s Drive to End Hunger is an important cause for Chase, and we look forward to continuing our commitment in the months ahead,” Pinto said. “With one in 11 older Americans at risk of hunger, Chase and its customers are proud to have helped millions of people who struggle to put food on the table.”

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