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.
|Aspire Travel™ World MasterCard®||Aspire Travel™ Platinum MasterCard®|
|Income||A 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
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.
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