Rewards Canada: Top Bonus Offers
Rewards Canada: Tips and Tricks
Rewards Canada: Blog Features
LinkedInFacebookTwitterPinterestGoogle+YouTubeInstagramBloggerRSS Feed

By Credit Card Company

Capital One® Aspire Travel™ World Elite MasterCard® Review Posted on Oct 20, 2015

Earlier this year the Capital One® Aspire Travel™ World Elite MasterCard® went through some changes that made the card lose its title as Rewards Canada's Top Travel Points Credit Card with an annual fee. The good news is those changes weren't long lived and the card has gone through a rebirth that once again makes it one the very best cards in Canada! The new version of the card has a much larger sign up bonus, does away with the tiered redemption rate but does also see an increased annual fee.

Overview
The latest iteration of the Capital One® Aspire Travel™ Elite World MasterCard® is flat out a great travel rewards credit card. The card features a great earning ratio and provides the ability to book reward travel when, where and with whomever you like. Not to mention the insurance and benefit package that comes at a cost equal to or lower then other high end credit cards in Canada is a big selling point. Add to that, features like no fees for adding authorized users, and you can see why card is going to challenge for top spot in the Travel Points Credit Card with Annual Fee category. For those who do not need all the features and benefits of this card, Capital One® also offers the Capital One® Aspire Travel™ Platinum MasterCard®, which is a no fee travel card and has the same interest rate as the World Elite MasterCard.

Costs
The Capital One® Aspire Travel™ World Elite MasterCard® comes with a slightly higher than industry standard $150 primary card annual fee but it also includes supplementary cards for free which actually makes it cheaper to own than some of its competitiors. The card offers a 40,000 point welcome bonus when you spend $1,000 on net purchases in the first 3 months after account opening – a value of $400 in travel. The interest rate on the card is 19.8% placing it slightly lower than its competitors.

Earning
The Capital One® Aspire Travel™ World Elite MasterCard® earns 2 reward miles for every $1 – on all purchases. This earning ratio puts the card ahead of most and on par to several other leading travel point credit cards.

Redeeming
On the redemption side, the miles earned with the Capital One® Aspire Travel™ World Elite MasterCard® can be redeemed for any travel that is booked with any provider. Simply put, you book the travel where you want and charge it to your Aspire Travel™ World Elite MasterCard®, then call up Capital One® or go online to redeem your miles against that travel charge. This is the same feature found on several other cards in Canada like the TD Visas, Diners Club MasterCard and American Express Membership Rewards. And with the elimination of the tiered redemption schedule the card provides a straight 2% return on your spending when you redeem for travel.
The newest changes also see the card lose the requirement of having all the points needed to pay for a charge. What this means now is that if you have $150 of points you can redeem them for a $150 credit towards a travel charge that can be even higher than that. The card is taking note of some of its best competitors on the redemption side and has now matched or bettered them.


Features and Benefits
As stated above the Capital One® Aspire Travel™ World Elite MasterCard® comes with an insurance package that competes with all the other high end cards.
The card features your standard travel accident, baggage and car rental insurance that are found on almost all fee based rewards cards but it also includes some that are only found on a few select cards. These include, Trip cancellation which is only offered as a standard feature on four other travel rewards cards and Travel Medical insurance which only comes standard on about 50% of the cards in the market.

What is good about this card
This card has many great attributes, the sign up bonus of 40,000 miles when you spend $1,000 on net purchases in the first 3 months after account opening – a value of $400 in travel, the earning ratio of 2 Miles per dollar, no fee to add an authorized user and the whole host of insurance including trip cancellation.

What is not so good about this card
I can only think of one potential downfall to this card, both of which may not even come into play for many people. The first is that this card offers no business class lounge access or at least a free membership into the Priority Pass lounge access program like some of the other high end cards.

Conclusion
The Capital One® Aspire Travel™ World Elite MasterCard® is ready to set the standard once again in Canada for travel point credit cards. With its big bonus, relative low cost, good earning ratio, benefit package and ability to book travel anywhere, we would have to rate this card as above average in the high end credit card market. Overall Rewards Canada is super excited to see this card return to its status as a leader rather than a follower.


Related Links:
Capital One® Aspire Travel™ World Elite MasterCard® on Capitalone.ca
Rewards Canada's Canadian Travel Credit Card Comparison including the Capital One® Aspire Travel™ World Elite MasterCard®

Other cards to consider if you are looking at this card:
American Express Gold Rewards Card
CIBC Aventura Visa Infinite
CUETS World Elite MasterCard
mbna Rewards World Elite MasterCard
National Bank of Canada World Elite MasterCard
Royal Bank Visa Infinite Avion
Scotiabank Gold American Express
TD First Class Visa Infinite

“The interest rates, fees, rewards details, benefits and other details of the Capital One product(s) described in the article may have changed since the time of publication. Please consult the product information pages on the Capital One website for accurate product details. In the event of any conflict between the product details in this article and the Capital One website, the details on the Capital One website shall prevail.”

 

Rewards Canada: Top Bonus Offers
Rewards Canada: Tips and Tricks
Rewards Canada: Blog Features
Subscribe to our eNewsletter Subscribe to our Newsletter
LinkedInFacebookTwitterPinterestGoogle+YouTubeInstagramBloggerRSS Feed
About Us  Media  Consulting  Advertise  Contact Us
Terms of Use / Privacy Policy ©2001 - 2017 Rewards Canada. Part of the FFB Group Inc. All rights reserved.