Instill the habit of credit and build a credit history to provide low-income and self-employed customers with a fair and transparent journey on their journey to formal financial services. We are currently focusing on the approximately 100 million UPI users who may not qualify for a traditional bank credit card. This stack completely bypasses Visa/Mastercard/Rupay, enabling instant subscriptions and transactions at approximately 20 million QR code merchants, as well as all online merchants.
With regards to the Aspire credit card, the company offers an expensive credit card that is only available to those who have a bad credit rating. Although there is no deposit required for the Aspire card, there is an annual fee that ranges from $85-275 for the first year, and after that, there is a yearly and monthly fee.
As a result, the Aspire card will have a credit limit of $350 when it is issued. Each cardholder will have access to this limit. You may be able to get a higher credit limit initially depending on your credit rating. However, there is no way of requesting that your credit limit be increased.
Any bank or ATM that displays the Mastercard logo will be able to give you an Aspire cash advance. As a result, cash advances are accompanied by high fees, so it would be best to stay away from them. Whenever you can, it is recommended that you use your credit card to pay for things rather than taking out cash advances.
Some credit cards are accepted before they are received in the mail, while other cards may not be used until they are received in the mail. A Capital One or American Express credit card will allow you to use a credit card sooner, along with some store credit cards and Apple Card.