By Patrick Sojka - CEO Rewards Canada | Posted November 8, 11
newest travel rewards credit to come onto the market is the Priority
Club® World MasterCard® from Capital One® (and it's little
sister card the Priority Club Platinum MasterCard). The card which was
announced earlier this spring and truth be told been in Priority Club's
sights for at least three years was finally released today. Rewards Canada
was lucky enough to receive all the details of the card at the start of
summer so that we could include it in our annual Top Travel Rewards Credit
Card rankings where the card tied for top spot in the small category of
Hotel Points cards. With this cards introduction, Canadian's can now choose
from 5 major Worldwide hotel frequent guest programs to tie a credit card
The Priority Club® World MasterCard® from Capital One® is a hotel rewards card that earns points into InterContinental Hotels Group (IHG) Priority Club program. The IHG group of hotels includes the Holiday Inn, Holiday Inn Express, InterContinental Hotels & Resorts, Candlewood Suites and numerous other brands. Being a 'World' version of the MasterCard brand the card comes with an excellent insurance and benefits package that is the same across Capital One®'s suite of World MasterCards. It comes with some nice signup and ongoing bonuses, accelerated earning for stays at all the IHG brands, instant Gold Elite status and bonuses for ongoing spending.
The Priority Club® World MasterCard® from Capital One® comes with an industry standard $120 primary card annual fee. The card offers a decent sized 30,000 point welcome bonus which could garner as many as 6 free nights if you take advantage of Priority Club's point break offers. Like all Capital One® cards, adding an authorized user is free which gives this card a slight edge in the cost department over its biggest competitor the Starwood Preferred Guest Credit Card from American Express. The interest rate on the card is 19.8% placing it right in the middle of the pack of competitors. Please Note: A requirement of this card is a minimum personal income of $60,000 or household income of $100,000.
The Priority Club® World MasterCard® from Capital One® earns 2 Priority Club points for every dollar spent on the card for all purchases except those made at IHG properties. For purchase made at IHG properties, the card earns 5 Priority Club points per dollar spent. The card also offers a 5,000 Priority Club points bonus for every $10,000 spent on the card. Finally, like all points that go into the Priority Club program, the points earned on the card count towards elite status. Since the card automatically comes with Gold Elite status in the Priority Club program, all the spending on the card would be put towards achieving Platinum Elite Status.
The Priority Club® World MasterCard® from Capital One® offers numerous redemption options via the IHG's Priority Club program. Of course, being a Frequent Guest Program, the primary redemption option which most people look at is hotel reward nights. Priority Club offers numerous redemption levels depending on the brand you are planning to redeem for. Priority Club makes it relatively simply to understand their redemption levels and they actually do not get exorbitant for high end redemptions at their premium InterContinental Hotels and Resorts brand. With over 4,500 hotels worldwide the redemption. Where the program gets even better is their two discounted reward options. The first is the Last Minute Reward nights option which offers up to a 50% discount on the above reward levels at various hotels typically for a short period of time (upcoming weekend etc.) the other option, which Priority Club almost cut but kept due to the strong voice of some online frequent traveller communities is the Point Breaks option. This option, offers hotel reward nights for a flat 5,000 point level and it can even include InterContinental Hotels and Resorts, so you could enjoy as much as a 35,000 point discount. The Point Break lists are updated or changed every few months so it is always a good idea to check the list before you book a hotel reward night. Probably the second biggest redemption option that members of frequent guest programs look at are converting their hotel points to their favorite airline frequent flyer program. The program allows you to convert points to 40 different airline programs but this is where Priority Club is somewhat weaker then some of their competitors as the redemption ratio for conversion is not as high as programs like Starwood Preferred Guest (typically you can redeem 10,000 Priority Club points for 2,000 airline miles). The program also has a Flights Anywhere redemption option where you can use your Priority Club points to book a flight via their online booking engine, the number of points redeemed depends on the cost of the ticket
options include hotel anywhere cards where you can redeem you points
for a pre-paid card that can be used at any hotel (does not have to
be IHG). Finally there are also merchandise and experience rewards that
the points can be used on. Merchandise rewards are just that, physical
merchandise that you redeem points against and they send it out to you
including gift cards and experience rewards one of a kind rewards that
can inlcude driving a race car, a day at a spa, golf packages and more.
What is good about this card
What is not so good about this
Other cards to consider if you are looking
at this card:
“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.”