Aspiration Zero Credit Card 2022 Review – Forbes Advisor

Aspiration Zero vs. Citi® Double Cash Card

The Citi® Double Cash Card is an excellent example of a rewards card that easily outearns the Aspiration Zero. The card earns 2% cash back on all purchases — 1% when purchases are made and another 1% when they’re paid off — and doesn’t charge an annual fee. Although there’s no welcome bonus it does come with a 0% intro APR on balance transfers for 18 months. After that, the standard variable APR will be 16.24% – 26.24%, based on creditworthiness. There is also an intro balance transfer fee of either $ 5 or 3% of the amount of each transfer, whichever is greater, completed within the first 4 months of account opening. After that, the fee will be 5% of each transfer (minimum $ 5).

Although the Citi Double Cash offers greater earning potential, the Aspiration Zero is issued by a bank without a poor fossil fuel investment record. Citi was called out by Forbes in 2021 for funding 100 companies with “the worst fossil fuel expansion plans,” so eco-minded cardholders — the most likely people to be interested in the Aspiration Zero card in the first place — can see why the Aspiration Zero might win in another way.

Aspiration Zero vs. Green America Rewards Platinum Visa®*

The Green America Rewards Platinum Visa®* is issued by TCM Bank and offers no annual fee, earns 1 point per dollar on every purchase, a 0% introductory APR for 12 billing cycles on purchases and balance transfers, followed by a 9.99% – 19.99% variable APR on purchases and balance transfers . A balance transfer fee of $ 5 or 3% of each balance transferred, whichever is greater, applies and some extra benefits such as $ 0 fraud liability, travel accident protection and auto rental collision damage waiver.

Though the Green America card does not incentivize spending on the card by means of an app to track your tree planting, it does support nonprofit organizations targeting specific climate and energy sustainability issues. This card may not be as high tech, but it does offer additional benefits and an introductory APR which the Aspiration Zero does not.

Aspiration Zero vs. Verity Signature Rewards Visa®*

The Verity Signature Rewards Visa®* earns 1.5 points per dollar on eligible purchases, charges neither an annual nor foreign transaction fee and offers auto rental collision damage waiver, extended warranty protection and more. The card also offers a 0% introductory APR for 12 months on purchases and balance transfers, followed by a 10.74% – 20.74% variable APR on purchases and balance transfers. A balance transfer fee of 3% of the total transfer amount applies. The Verity Signature Rewards Visa®* does not offer a welcome bonus.

Though the small Verity credit union is based in the state of Washington and applicants must be members of the credit union, it does provide a great example of what shopping locally for your revolving credit can get you. Verity Credit union does not invest in fossil fuels, is committed to providing solar loans and making financing for other sustainable community development more accessible. Many local credit unions make similar efforts to back community-related funding and offer cards capable of competing with the Aspiration Zero card.

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