We studied the influence of aging temperature on microstructure and mechanical properties in an ultra-low carbon Cu bearing steel in the present study. During the aging process, a continuous recovery of matrix associated with formation and growth of Cu precipitates could be observed during aging processes, exerting significant effects on the mechanical properties of the steel. At aging temperature below 600 degrees C, the mechanical properties were dominated by the precipitation strengthening effect, leading to excessive matrix strengthening and poor low-temperature toughness. Conversely, steel aged at temperatures above 650 degrees C exhibited an extraordinary improvement in toughness at the expense of strength, which can be attributed to the synergistic effects of softening matrix, coarsened Cu precipitates and formation of reverted austenite. After aging at 650 degrees C, reverted austenite formed at the lath boundaries. Increasing the aging temperature to 700 degrees C lowered the thermal stability of reverted austenite, consequently, the reverted austenite was partially transformed to fresh martensite. After aging at 650 degrees C for 0.5 h, the mechanical properties were optimized as follows-yield strength = 854 MPa, tensile strength = 990 MPa, elongation = 19.8% and Charpy impact energy = 132 J at -80 degrees C.