Thursday Apr 24, 2014

Capital One Aspire Travel™ Platinum MasterCard® VS Capital One Aspire Travel™ World MasterCard®

13 June 2011

In the past I have covered several Capital One credit cards. Among these cards are Aspire Travel Platinum MasterCard®, and Aspire Travel World MasterCard® .

With both being in the Aspire family, I figured it would be beneficial to everyone if I did a comparison on the cards, allowing you to determine which card suits you best.

Below you will find a chart comparing the basic features of these credit cards, including the rewards program, and income necessary in order to be able to get approved for the card.

224x141 0000 10196 Aspire World no chip  Capital One Aspire Travel™ Platinum MasterCard® VS Capital One Aspire Travel™ World MasterCard® Rewards Credit Card Aspire Travel Platinum MasterCard 2011 10 19 16 41 29 Capital One Aspire Travel™ Platinum MasterCard® VS Capital One Aspire Travel™ World MasterCard®

 

Aspire Travel™ World MasterCard® Aspire Travel™ Platinum MasterCard®
IncomeA requirement of this card is a minimum personal income of $60,000 or household income of $100,000. N/A
Rewards• Earn more reward miles – on everything you buy!
• Earn 2 reward miles for every $1 – on all purchases
• Get 35,000 bonus reward miles with your first purchase
• Get 10,000 anniversary bonus reward miles every year
"• Earn reward miles – with no annual fee!
• Earn 1 reward mile for every $1 spent – on all purchases
• Get 10,000 bonus reward miles with your first purchase
• Get 25% extra reward miles every year
• Annual interest rate of Prime +16.8%
Benefits"• Redeem for travel, cash, merchandise and gift cards
• World MasterCard benefits, including Travel Emergency Medical Insurance and Trip Cancellation Insurance
• Add an authorized user for $0
"
"• Redeem for travel, cash, merchandise or gift cards
• Valuable Platinum benefits, including Purchase Assurance and Extended Warranty
• Add an authorized user for $0
Fee$120$0

As you have noticed, the fees for these credit cards are vastly different, considering one being a no fee credit card. I tend to find that people overlook no fee credit cards due to the fact that they do not offer as many benefits, or their rewards program may not be as good as the other credit cards that carry a high fee with them. The truth of the matter is that regardless of what a credit card offers, and how great it may seem, it is completely useless if you do not have the need for them.

What I am trying to say is that, what is the point in paying a high credit card fee if the you are not making use of all of the benefits the credit card has to offer?

What are the differences in benefits?

With Aspire Travel World MasterCard®, you have a definite travelers credit card. The benefits include Travel Emergency Medical Insurance and Trip Cancellation Insurance

On the other hand, the Aspire Travel Platinum MasterCard® including Purchase Assurance and Extended Warranty

In all honesty, the major differences strictly lie in the travel benefits. The World travel benefits far surpass anything the Platinum travel benefits have to offer.

With that in mind, it goes with our saying that between the two credit cards, one suits a traveler far more than the other.

Overall Message

In the end, Aspire Travel World MasterCard® has been rated the best travel card on the market by Rewards Canada. The Globe and Mail have said that it could very well be the best new premium travel rewards card in Canada.

This credit card suits a person looking to earn great rewards, and reap great travel benefits at the same time. The annual fee is high, but what premium credit card isn’t. With the first purchase bonus in place, it makes the first year worth the cost .

The Aspire Travel Platinum MasterCard® is great for anyone looking to earn rewards, but do not like paying exuberant annual fees. In the end, this credit card suits the person who is interested in earning rewards, but cannot feasibly see themselves spending enough to counteract the high annual fee. It is also a great alternative for anyone whose income and spending just falls short of the requirements for the Aspire World.

image source: Eric Hauser

 

 

 

About the Author

Sensei

My favorite weapon of choice is the samurai sword. I use it to cut my chicken during dinner, cut my hair and periodically carve my name into stone when I am bored. I love meditating on top of a 15ft high pole and eating those sushi’s with smoked salmon on top. I love everything there is about Canada and everything financially related to Canadians. I write deily posts from Canadian Banks to Credit Card information.

Comments (4 )



I’ve read that the annual bonus points, when converted to cash, can almost cover the $120 annual fee on the World Card.

This makes the card simply awesome. We plan to get one and use it for all non-gas/grocery purchases (we will continue to use MBNA platnium cash back for the 3% bonus)

[Reply]

Joachim Wrote:

I saw that insurance protection on Aspire World is much more extensive, especially Trip Cancellation / Interruption, Flight Delay and Emergency Medical (for 22 days). Also maximal coverage amounts for some insurances vary between these cards like Common Carrier Accident ($250,000 for Gold and $500,000 for World).

I found recently a good overview of insurance benefits across the cards that I use: http://insureye.com/insurance_toolkit

[Reply]

Sensei Wrote:

@Sustainable PF: I love how there is an annual bonus, and for the Aspire World it is such a large amount. Glad to hear you might be getting one, definitely worth all the rewards you are sure to earn.

@Joachim: The Aspire World is the definite choice for the avid traveler; the travel insurance provided is very extensive and covers virtually all of your needs.

[Reply]

Joachim Wrote:

… agree! As long the the card owner is under 65. After 65 the insurance conditions are changing… ;-) Reading credit cards fineprints is always painful…

[Reply]

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