Q:

What type of credit do you need to obtain an ASPEN credit card?

A:

Quick Answer

The Aspen Credit Card was a Visa card that CompuCredit marketed to consumers with sub-prime or poor credit scores, according to AskMrCreditCard.com. To procure the card, customers paid a $29 application fee, an annual fee of $150 and $6.50 per month in maintenance fees.

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Full Answer

The Aspen Credit Card is no longer available. In 2008, the Federal Trade Commission filed suit against the company for deceptive marketing practices, stating that the excessive fees charged against the $300 credit limit left consumers with as little as $115 in available credit. The company was required to refund $114 million to consumers in a settlement, according to the FTC.

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