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Aspire Travel Platinum Mastercard®
Credit cards

Aspire Travel Platinum Mastercard®

Updated 01.12.2022

About Aspire Travel Platinum Mastercard

Generally, Capital One Canada offers customers two types of credit cards: cards for credit improvements and cards for rewards. Customers that apply for the Aspire Travel Platinum Mastercard will receive redeemable rewards that can be used for traveling. Cardholders receive miles for money they spend, which can be redeemed for travel expenses. These purchases can include car rentals, taxis, accommodation, and more. Besides standard Capital One credit card benefits, customers will receive extra perks that travelers may require.

Aspire Travel Platinum Mastercard features

Aspire Travel Platinum Mastercard probably won’t be suitable for customers who want to improve their credit score as Capital One bank provides special cards for these cases. However, cardholders will receive rewards for making purchases with this card. It offers users one reward mile per $1 spent on any purchase. 100 miles are equivalent to $1 in travel miles or 1 mile=1 cent for a 1% earn rate, and there are no limits to how many miles customers can earn. Moreover, miles have no expiration dates, so customers can collect these rewards as long as they want to spend the desired amount. 

Also, customers can speed up their earnings by adding an authorized user to their cards. This service is free, so customers can add an authorized user for $0 and earn even more miles with their purchases, as there’s no limit to the amount of miles they can earn. 

Moreover, customers will have a package of travel insurance services such as common carrier travel accident coverage that insures them against accidental loss of life or dismemberment for up to $250,000 while traveling on a common carrier. Also, customers will be insured for renting a car during their travel. They need to charge the full cost of their car rental to their card and decline the collision damage waiver insurance offered by the rental agency. In addition, they will be insured if their rental car is damaged or stolen when they rent the vehicle for up to 31 days.

Finally, this credit card gives customers access to baggage delay insurance coverage. For example, if their checked baggage is delayed for more than four hours during their trip, customers may be eligible for reimbursement of up to $100 per day for up to three days. 

Furthermore, customers will receive some perks available for all Capital One bank clients, such as purchase assurance that protects most personal purchases made by customers from loss, damage, or theft anywhere in the world for 120 days from the date of purchase when the full cost of the item is charged to their card. Also, this credit card allows customers to extend the original manufacturer’s warranty of purchased items up to 2 times. 

However, these cards have the same rates as almost all other credit cards provided by Capital One bank. In addition, it has a 19.80% interest rate for purchases and 21.9% for cash advances. Also, Aspire Travel Platinum Mastercard has no annual fees, so customers can use it for free. 

What’s more, customers who have an Aspire Travel Platinum Mastercard will receive such perks as: 

  • Zero liability;

  • Mastercard global service;

  • Price protection service;

  • 24/7 travel assistance.

Pros and cons

Advantages of Aspire Travel Platinum Mastercard are:

  • Flexible rewards system;

  • Full range of Mastercard protection services;

  • Several travel insurance coverage services;

  • No annual fee;

  • Customers can add authorized users to earn miles faster;

  • Customers receive rewards for purchases. 

Nevertheless, Aspire Travel Platinum Mastercard has several significant drawbacks:

  • The rewards system is not very profitable;

  • Approval is not guaranteed;

  • Customers will not be able to rebuild their credit.

How to apply for an Aspire Travel Platinum Mastercard

Capital One lets customers apply for their credit cards entirely online. Customers must choose the Aspire Travel Platinum Mastercard page and click the “Apply Now” button. They will be offered to check their eligibility for this card before applying, and that check will not impact their credit scores. Customers can pass the check or skip it. After that, they will be redirected to the application form, where they should read the disclosures and enter their full name, birthdate, mother’s maiden name, SIN number, and contact information such as an address, province, city, email address, and phone number. Also, customers must choose their employment status and enter the information necessary for each type. Finally, they need to enter their financial information, such as the type of real estate ownership, annual income, other sources of income, and information about their mortgages.

How can I spend redeemed rewards?

Customers can spend redeemed miles as they wish during their trips. In addition, they can use miles to cover any expenses, including even taxes. 

How can I redeem my miles into dollars?If customers have an online account or mobile application, they can review and redeem their received miles through it. However, customers can do it only through the online banking portal.

Which purchases are eligible for the reward miles?

Customers can receive miles for almost all types of purchases. Purchases charged to their credit card minus refunds, returns, or similar credits are eligible to earn reward miles. However, customers can’t receive miles for transactions, fees, or interest charges.
Rate
i

Effective interest rate on the product

19.80% - 21.90%

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