WILMINGTON, Del.--(BUSINESS WIRE)--Chase Card Services, a division of JPMorgan Chase & Co. (NYSE:JPM), today announced a new credit card for AARP members, offering cardholders 3 percent cash back on gas station and restaurant purchases, with no earning caps or points expiration and no annual fee. The card, designed to reward AARP members for their most common everyday purchases, also offers unlimited 1 percent cash back on all other purchases.
“The new credit card for AARP members is designed to make life more rewarding for our customers,” said Ralph Pinto, senior director, Chase Card Services. “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.”
Each year, the average household spends nearly $3,000 at gas stations, more than $2,600 at restaurants and more than $8,000 on other everyday purchases like groceries, apparel and entertainment.* By receiving 3 percent cash back on gas station and restaurant purchases and 1 percent on all other purchases, the average family can easily earn more than $250 cash back every year just by using the card.
The new AARP Credit Card from Chase also offers customers:
- A 10 percent discount when redeeming rewards for travel through Chase;
- Price, purchase, return and extended warranty protections – at no additional cost; and
- Dedicated, personalized customer service 24 hours a day, seven days a week.
Chase offers the only credit cards endorsed by AARP. To receive the benefits of the new credit card for AARP members from Chase, existing cardholders should contact customer service using the phone number on the back of their card. Customers can also call Chase customer service to redeem rewards for cash, travel, gift cards and other merchandise. For more information, visit www.aarpcreditcard.com.
Continued Participation in Drive to End Hunger, an Initiative of AARP and AARP Foundation
In addition, customers can join Chase in supporting Drive to End Hunger, the national initiative led by AARP and AARP Foundation to end hunger among older Americans. Chase is continuing its commitment to the program by matching donations of $1000 or less to AARP Foundation up to a total of $1 million in 2013. Since 2011, Chase’s sponsorship has donated $3.6 million to AARP Foundation for the cause—the equivalent of nearly 1.7 million meals for older Americans in need.
AARP® Credit Cards from Chase will again sponsor the No. 24 Drive to End Hunger Chevrolet driven by Jeff Gordon at the NASCAR Sprint Cup Series race at Dover International Speedway on June 2, 2013. At the race, AARP Credit Cards from Chase will be the primary sponsor of the four-time NASCAR Sprint Series Champion’s car.
“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,” said Pinto. “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.”
*According to most recent data published by the U.S. Energy Information Administration and U.S. Bureau of Labor Statistics.
About Chase
Chase is the U.S. consumer and commercial banking business of JPMorgan Chase & Co. (NYSE: JPM), a leading global financial services firm with assets of $2.4 trillion and operations in more than 60 countries. Chase serves more than 50 million consumers and small businesses through more than 5,500 bank branches, 17,500 ATMs, credit cards, mortgage offices, and online and mobile banking as well as through relationships with auto dealerships. More information about Chase is available at www.chase.com.
About AARP Foundation
AARP Foundation is working to win back opportunity for struggling Americans 50+ by being a force for change on the most serious issues they face today: housing, hunger, income and isolation. By coordinating responses to these issues on all four fronts at once, and supporting them with vigorous legal advocacy, the Foundation serves the unique needs of those 50+ while working with local organizations nationwide to reach more people and make resources go further. AARP Foundation is a charitable affiliate of AARP. Learn more at www.aarpfoundation.org.
About AARP
AARP is a nonprofit, nonpartisan organization, with a membership of more than 37 million, that helps people turn their goals and dreams into real possibilities, strengthens communities and fights for the issues that matter most to families such as healthcare, employment and income security, retirement planning, affordable utilities and protection from financial abuse. We advocate for individuals in the marketplace by selecting products and services of high quality and value to carry the AARP name as well as help our members obtain discounts on a wide range of products, travel, and services. A trusted source for lifestyle tips, news and educational information, AARP produces AARP The Magazine, the world's largest circulation magazine; AARP Bulletin; www.aarp.org; AARP TV & Radio; AARP Books; and AARP en Español, a Spanish language news source. AARP does not endorse candidates for public office or make contributions to political campaigns or candidates. The AARP Foundation is an affiliated charity that provides security, protection, and empowerment to older persons in need with support from thousands of volunteers, donors, and sponsors. AARP has staffed offices in all 50 states, the District of Columbia, Puerto Rico, and the U.S. Virgin Islands. Learn more at www.aarp.org.
