Tuesday, October 20, 2015

Introducing the new updates to the Capital One® Aspire Travel™ World Elite MasterCard®

Way back in February we had detailed the launch of the  Capital One® Aspire Travel™ World Elite MasterCard® which replaced the World only version. Looking at numbers alone, the new card was technically a slight downgrade from the original version. Well we are proud to announce that Capital One® has updated the card and once again made it, one of the best cards Canada! There are four changes to card with the biggest being the massive new sign up bonus!

Here are the changes:
  • Sign up bonus goes from 10,000 Miles with first purchase to 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
  • Annual fee jumps from $120 to $150 however supplementary cards remain free
  • Interest rate goes from Prime +16.8% to an annual 19.8%.
  • And finally what we revealed back on October 7th, the elimination of the tiered redemption up to $600. Now miles are redeemed at 100 Miles for a $1 credit for travel booked with any provided no matter what the cost of the travel is. This means the card now has a straight 2% return and you no longer have to have the full amount of points as you can do partial redemptions
We welcome these changes as for years Capital One® was the leader in the Travel Points Credit Card with Annual Fee category and it looks like they are on the road to take that top spot back!

The card has already been added to the following Rewards Canada Credit Card comparison charts so that you can see how it stacks up against the rest of the cards in Canada:
Here are the complete details of the Capital One® Aspire Travel™ World Elite MasterCard®:

Earn more reward miles – on everything you buy!
• Earn 2 reward miles for every $1 – on all purchases
• Get 40,000 bonus reward miles when you spend $1,000 on net purchases in the first 3 months after account opening – a value of $400 in travel
• Annual Fee $150
• Interest Rate 19.8% (Purchase, Cash Advance & Balance Transfer)

Please Note: A requirement of this card is a minimum personal income of $70,000 or household income of $120,000.

• Redeem for travel, cash, and gift cards
• World Elite MasterCard benefits, including Travel Emergency Medical Insurance and Trip Cancellation Insurance
• Add an authorized user for $0
• MasterCard PayPass

World Elite MasterCard Travel Benefits
• Travel Emergency Medical
• Trip Cancellation
• Trip Interruption
• Flight Delay
• Baggage Loss
• Baggage Delay
• Travel Accident Insurance
• Travel Assistance
• Car Rental Collision/Loss Damage Waiver

World Elite MasterCard Everyday Benefits
• Price Protection Service
• Extended Warranty
• Purchase Assurance
• World Elite MasterCard Concierge Services

MasterCard Benefits
• MasterCard Global Service™
• Zero Liability

Apply Now

“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.”

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