Jasper Cash Back Mastercard Ceasing Operations

MileHigh96 · ‎08-09-2022

This was one of the cards I got last year not long after my BK7 DC to start my rebuild. It was fairly new right at the time and by invitation only and I think that I got my invite through CK, but I'm not 100% sure. Well, I woke up this morning and got the following email:

No warning, no anything. I don't remember seeing any news about them having issues or anything like that, and I can't find anything on the Google machine this morning. Makes me wonder what happened to them and why they are ending their credit card program. So if anyone else happens to have one of these cards, as of this morning, it no longer is valid and your account is closed. And their website (https://www.jaspercard.com) doesn't give any information either other than it's being discontinued.

BK7 discharged - 06JUL2021
Loans:

Revolving Accounts (in the order they were opened):

Ally Everyday Cash Back Mastercard (converted from Ollo Platinum Rewards Mastercard) $4800 CL (opened 7/21/21)

Mercury Mastercard $4360 CL (opened 7/23/21)

Upgrade Triple Cash Rewards Visa Card $17,500 LOC (opened 8/4/21)

PenFed Pathfinder Rewards $6000 CL (opened 11/9/21)

Dell Pay Credit (converted from Dell Financial Services account) $6500 CL (opened 12/6/21)

Capital One Kohls Visa (converted from Kohls store card) $4050 CL (opened 12/13/21)

Upgrade Cash Rewards Visa Card $7,000 LOC (opened 3/17/22)

Capital One Quicksilver MC (PC'd from a Platinum card) $3200 CL (opened 5/6/22)

Capital One Savor One MC $5000 CL (opened 10/20/22)

Merrick Bank Double Your Line MC $2500 CL (opened 11/1/22)

NFCU cashRewards Plus $36000 CL (opened 3/17/23)

Affinity FCU Pure Rewards Visa $1500 CL (opened 5/18/23)

Bread Cashback AmEx $12500 CL (opened 5/23/23)

Canvas CU Platinum Elite MC $3000 CL (opened 5/25/23)

NFCU Go Rewards Visa $23000 CL (opened 6/16/23)

Petco Pay Mastercard $5100 CL (opened 6/29/23)

My GM Rewards Card Mastercard $5500 CL (opened 8/1/23)

Denver Broncos Extra Point Visa $9500 CL (opened 12/8/23)

NFCU More Rewards AmEx $17000 CL (opened 2/8/24)

Ally Unlimited Cash Back Mastercard $3000 CL (opened 4/3/24)

Service Credit Union Everyday Visa $2500 CL (opened 8/19/24)

BECU Cash Back Visa $16000 CL (opened 8/21/24)

Closed accounts:

Mission Lane Visa - first starter card after discharge (opened 7/7/21 - closed 4/1/23)

Capital One Quicksilver MC (downgraded from a Walmart Rewards MC and transfered CL to older QS card) (opened 11/4/22 - closed 04/09/25)

Best Egg Visa (opened 05/17/22 - closed 04/14/25)

0/6, 0/12, 5/24 new accounts
TCL: $164.5K

Jeffster1 · ‎08-09-2022

Jasper was sold to another company in June, I believe. I was planning on closing mine anyway as the lack of phone support was an issue to me. I sent them the email a couple days ago before this news hit tonight. I was looking at closing some of my rebuilders and this was the one I chose due the support issues.

The original CEO up until June was Elnor Rozenrot, and I will admit he was responsive. The new CEO is David Mes, who is part of the group that bought Jasper. I remember thinking this didn't sound good.

Interesting times. I'm sure there is a lot to this story that will never be told since it's such an unknown card. My only real complaint was the lack of phone support.

0% utilization
FICO 8 EX 829 EQ 839 TU 844
American Express Blue Cash Preferred 30K I American Express Blue Cash Everyday 25K I American Express Delta Skymiles 13.9K I American Express Schwab Investor Card 5K I Bank of America Customized Cash Rewards Visa 20K | Kinecta MyPerks Rewards MC 35K | Wells Fargo BILT World Elite MC 30K I BMO Harris Cash Back MasterCard 12K | Capital One QS MC 12.5K I NFCU Flagship Rewards Visa 52K I NFCU Amex 28K I Citi Best Buy Visa 10K I Macy’s Amex 25K I Bread Financial American Express 15.5K I AAA Daily Advantage Visa Signature 8.5K I Saks Fifth Avenue World Elite MC 10.8K I Citi Dillard’s Visa 5K I JCPenney Mastercard 10K I Synchrony Premier Mastercard 10K I UCLA Wescom CU Rewards Visa 7K I Pottery Barn Visa 5K I PayPal Cash Back Visa 15K I MyWalgreens Mastercard 10K I TD Bank Double Up Visa 5K I USBank Cash Visa 5K I Gemini Bitcoin Mastercard 15K I

justjac2 · ‎08-09-2022

I woke up to that email as well. My account was opened at the end of June 2020, and I haven't used it in maybe 3-4 months. I'd considered closing it but decided to let it die on its own. I guess that day is today.

FICO 8 scores Nov/Jan 2021: EQ 779/751, TU 750/770, EX 763/746 Fully recovered from 5-year Ch13 discharged July 2018.
Last recorded: FNBO Evergreen and PSECU Founder's Card Dec 2021. Seriously out of date, at least 10 more since then.

thehawk · ‎08-09-2022

One of my first cards out of BK, however...wasn't using it much. The other day, thought about closing the card but the "available" helped the combined UTI. Welp...guess its closed now. ha!

Jeffster1 · ‎08-09-2022

Since I opened it in February 2021, I put a total of 100 bucks on it. I was closing it anyway, but I was thinking...what if someone were traveling and this is the only card available to them? Closing it with no notice is harsh. There's gotta be a back story there. I have seen other card lines closed, but don't they usually leave a little lead time during which cardholders can still use the card. I suppose they want to limit their exposure.

0% utilization
FICO 8 EX 829 EQ 839 TU 844
American Express Blue Cash Preferred 30K I American Express Blue Cash Everyday 25K I American Express Delta Skymiles 13.9K I American Express Schwab Investor Card 5K I Bank of America Customized Cash Rewards Visa 20K | Kinecta MyPerks Rewards MC 35K | Wells Fargo BILT World Elite MC 30K I BMO Harris Cash Back MasterCard 12K | Capital One QS MC 12.5K I NFCU Flagship Rewards Visa 52K I NFCU Amex 28K I Citi Best Buy Visa 10K I Macy’s Amex 25K I Bread Financial American Express 15.5K I AAA Daily Advantage Visa Signature 8.5K I Saks Fifth Avenue World Elite MC 10.8K I Citi Dillard’s Visa 5K I JCPenney Mastercard 10K I Synchrony Premier Mastercard 10K I UCLA Wescom CU Rewards Visa 7K I Pottery Barn Visa 5K I PayPal Cash Back Visa 15K I MyWalgreens Mastercard 10K I TD Bank Double Up Visa 5K I USBank Cash Visa 5K I Gemini Bitcoin Mastercard 15K I

citymunky · ‎08-10-2022

I used this card all the time, I planning to keep it open forever since it was a no annual fee card with cash back as well as no international fees.

I never have a issue with the card or the app, sucks that they are closing without any warning.

Rebuilding since 2021

Closed CCs
USAA (Jul 2019| Settled CO), Jasper $1K CL (Jul21-Jul22), Sable $250CL{Secured} (Jan22-Jun23), CreditOne Platinum $750CL (Jul21-Aug23), Prosper $1.9K CL (Jan22-Apr24), Self $625 CL {$350 Secured } (Aug21-Jul24)

Starting FICO 8 Scores:

Current FICO 8 Scores: