There is an exciting change happening tomorrow in the no-fee travel points credit card category which to be honest with you has been quite stagnant for the past couple of years. Capital One is going to up the game in this category by going directly after the mainstay card the American Express Blue Sky Credit Card which has taken our top pick for the no-fee category for three years straight. The Blue Sky card has offered its cardholders 1.25 miles/$ spent since its inception and Capital One is going to match that on their Aspire Travel Platinum MasterCard although with a different method. Unlike the Blue Sky card, the Cap One Platinum will continue to offer 1 Mile/$ spent but instead of a 1,000 mile bonus on the cardholders anniversary Capital One will award 25% bonus miles on all eligible spending done on the card up to the anniversary date which brings the card’s earn ratio to 1.25 miles/$.
This change is timely with the 2012 Rewards Canada Travel Rewards Credit Card ranking coming out in a few months and it will make my work a little harder for this category. Right now the pros for The Capital One Aspire Travel™ Platinum MasterCard® is that it offers a much better insurance & benefits package while the pros for the Blue Sky are the partial redemption option (Cap One you have to have the full amount of points to redeem) and access to all your points right away as Capital One you will have to wait until the end of your billing year to be awarded those extra miles. Watch closely for our rankings in July to see which way I go!
For more details on the Aspire Travel™ Platinum MasterCard® please visit Capital One
The card has an Annual Interest rate of Prime +16.8%
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