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Capital One's Aspire World MasterCard offers a generous airmiles reward program with a wide variety of additional member benefits for both travel and day to day situations. There is a fairly substantial annual fee applied to the account, but the benefits make it fairly worth the cost.
Basic Card Details
The Aspire World MasterCard issued by Capital One Canada is a premium credit card aimed at consumers who have good to excellent credit and who would usually pay off their balance in full each month, despite having a fairly high average monthly spend. The typical cardholder who would find this particular credit card suitable are consumers with a reasonably high personal income and who generally carry a very low or no running balance on their credit card.
The card has a fairly average rate of interest on purchases, balance transfers , and cash advances. There is also an attractive membership benefits package included on top of a generous reward program. The card does carry a higher than average annual fee, but if consumers make ample use of the included benefits and fit the model of the typical cardholder, then they may find the fee to be some what worth while.
World Travel Benefits
The Aspire card gives cardholders access to a package of "World MasterCard Travel Benefits." Included in the package is Trip Cancellation Coverage, which covers the cardholder for eligible cancellation expenses charged to the card if you must cancel a trip due to illness or other cause.
The cover applies to the cardholder, their spouse, dependent children, and up to two additional travel companions. The travel emergency medical service provides coverage for emergency medical treatment world wide for the cardholder, their spouse, and dependent children. The coverage does have some restrictions on age and exclusions for existing medical conditions.
The Flight Delay and Baggage Loss benefits reimburse the cardholder for reasonable living expenses incurred due to delayed or cancelled flights and for replacing essential items in the event of baggage being lost or delayed. In both cases charges must be made on the credit card then reimbursed. Some of the other benefits include Travel Accident Insurance and Car Rental Collision or Loss Damage Waiver.
Everyday Membership Benefits
Cardholders also have access to the standard day to day MasterCard benefits package. These benefits include price protection coverage which provides a refund of price difference should a purchase be sold at a lower price within an agreed period after purchase. The credit card also provides automatic extended warranty on purchases in addition to the manufacturer warranty which effectively doubles the warranty period on most purchases.
A concierge service is available for one call assistance with anything from travel arrangements and entertainment to business and shopping. Costs incurred are automatically charged to the credit card. In addition to this, customers can also call Master Global Services which provides emergency card replacement, emergency cash advances, and various other information. All MasterCard credit and debit cards come with zero liability cover on fraudulent transactions if the card is lost or stolen.
No Hassle Reward Program
These benefits are attractive enough alone to entice many consumers, but the card also has a rewards program affiliated with No Hassle rewards. The rewards program carries no hidden fees and allows airmiles to be used on any airline, hotel, or car rental company. Unlike many rewards programs, the airmiles can also be used to cover the cost of airline taxes as well as airline tickets.
Airmiles can be used for travel, or alternatively can be redeemed for merchandise, gift cards, or even cash. The Aspire World MasterCard awards miles for every dollar spent on purchases. The same rewards are given regardless of where the card is used or what is purchased. There is also a large bonus awarded on the first purchase and another bonus annually on the anniversary of the card account being opened. In addition, cardholders can add an authorized user to the account free of charge and earn extra reward miles on their purchases as well.
In conclusion, consumers looking for a solid rewards program will find the benefits provided useful. The Aspire World MasterCard is best suited to those with a high personal income and who pay their balance off in full each month. Cardholders require good to excellent credit in order to obtain the card. Reward miles can be earned on all purchase made by the cardholder and any additional authorized users.