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Ace Rewards Visa Card Review: Is It the Right Tool for Your Wallet?
What Is the Ace Rewards Visa Card?
The Ace Rewards Visa Card is a co-branded credit card offered by U.S. Bank in partnership with Ace Hardware. This visa credit card is designed to provide benefits and rewards to frequent Ace Hardware shoppers. It integrates with the existing Ace Rewards program, allowing cardholders to earn points on purchases both at Ace Hardware stores and elsewhere.
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Ace Rewards Visa Card Pros & Cons
Pros:
- Earn 5% back in Ace Rewards on eligible Ace purchases
- Receive 3% back in Ace Rewards on eligible gas, grocery, and utility purchases
- Get 1% back in Ace Rewards on all other eligible purchases
- No annual fee
- Instant approval for qualified applicants
- Mobile device compatible for easy account management
Cons:
- High APR for purchases and balance transfers
- Limited redemption options for rewards
- Rewards are only redeemable at Ace Hardware
- Requires good to excellent credit scores for approval
Who Is the Ace Rewards Visa Card For?
The Ace Rewards Visa Card is ideal for frequent Ace Hardware shoppers who want to maximize their rewards on home improvement purchases. It's particularly suited for:
- Homeowners who regularly shop at Ace Hardware for tools, paint, and other home improvement supplies.
- DIY enthusiasts who can benefit from the high reward rate on Ace purchases.
- Consumers who spend significantly on gas, groceries, and utilities, as the card offers bonus rewards in these categories.
- Those who prefer a no-annual-fee card but still want to earn rewards on their everyday spending.
Comparing the Ace Rewards Visa Card With Other Credit Cards
When considering the Ace Rewards Visa Card, it's helpful to compare it with other popular options in the credit builder card category:
Chime Credit Builder Secured Visa® Credit Card:
- Annual fee: $0
- Security deposit: Flexible, based on the amount transferred to Credit Builder account
- Key features: No credit check to apply, reports to all three major credit bureaus
- Standout feature: No minimum security deposit required
Capital One Quicksilver Secured Cash Rewards Credit Card (rate & fees):
- Annual fee: $0
- Security deposit: Minimum $200, which becomes your credit limit
- Key features: 1.5% cash back on all purchases, automatic credit line reviews
- Standout feature: Earn rewards while building credit
Current Build Visa® Credit Card:
- Annual fee: $0
- Security deposit: Flexible, based on the amount transferred to Build account
- Key features: No credit check required, reports to all three major credit bureaus
- Standout feature: Linked to Current banking app for easy fund transfers
Each card offers unique benefits tailored to different spending habits and preferences. Consider your personal financial goals when choosing the best card for you.
Key Takeaways:
- Ace Rewards Visa Card excels in provide benefits and rewards to frequent Ace Hardware shoppers
- Chime Credit Builder offers flexibility with no minimum deposit
- Capital One Quicksilver Secured provides cash back rewards
- Current Build integrates with banking app for convenient use
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Consider Using Kudos
While the Ace Rewards Visa Card offers solid benefits for Ace Hardware shoppers, it's worth considering using Kudos, a free AI-powered browser extension, to maximize your credit card rewards across all your online shopping.
Kudos works with over 15,000 stores and automatically suggests the best credit card to use for each purchase, ensuring you earn the most rewards, points, or cash back based on your spending patterns. This can be especially useful if you have multiple credit cards and want to optimize your rewards across different retailers.
Moreover, Kudos offers exclusive "Flash Boost" events where you can multiply your rewards up to 5X, potentially outperforming the rewards rate of the Ace Rewards Visa Card on certain purchases.
If you're looking to get more out of your credit cards, Kudos is the best free shopping app to use when you shop online. And, they're currently offering $20 back after your first eligible purchase — just sign-up for free with code "GET20" and make a purchase at a Boost merchant.
Our Expert Takeaway
The Ace Rewards Visa Card is a solid choice for frequent Ace Hardware shoppers who want to maximize their rewards on home improvement purchases. Its no annual fee structure and bonus rewards on everyday categories like gas, groceries, and utilities make it an attractive option for many consumers.
However, the card's high APR and limited redemption options may be drawbacks for some users. Those who don't shop frequently at Ace Hardware or prefer more flexible rewards might be better served by a general cash back or rewards credit card.
For online shoppers looking to maximize rewards across multiple retailers, using a tool like Kudos in conjunction with your existing credit cards could provide more value and flexibility than relying solely on the Ace Rewards Visa Card.
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Ace Rewards Visa Card FAQ
How do I apply for the Ace Rewards Visa Card?
You can apply online through the Ace Hardware website or in-store. Qualified applicants may receive instant approval.
What credit scores do I need to qualify for this card?
While U.S. Bank doesn't disclose specific credit score requirements, you typically need good to excellent credit scores to qualify for this card.
How can I redeem my Ace Rewards?
Rewards are automatically redeemed as Ace Rewards points, which can be used for purchases at Ace Hardware stores.
Is there a mobile app for managing my account?
Yes, you can manage your account, view transactions, and pay your bill through the U.S. Bank mobile app or by logging into your account online.
Are there any sign-up bonuses for new cardmembers?
Sign-up bonuses may vary. Check the current offer details when you apply, as these are subject to change.
Can I use this card at retailers other than Ace Hardware?
Yes, as a Visa card, it's accepted wherever Visa is accepted. However, you'll earn the highest rewards rate on Ace Hardware purchases.
Remember, before applying for any credit card, it's important to review the complete terms and conditions, understand the interest charges, and consider how the card fits into your overall financial strategy. If you're unsure, consider consulting with a financial advisor.
Supercharge Your Credit Cards
Experience smarter spending with Kudos and unlock more from your credit cards. Earn $20.00 when you sign up for Kudos with "GET20" and make an eligible Kudos Boost purchase.
Editorial Disclosure: Opinions expressed here are those of Kudos alone, not those of any bank, credit card issuer, hotel, airline, or other entity. This content has not been reviewed, approved or otherwise endorsed by any of the entities included within the post.
