Getting to know the new Aspire Travel World Elite MasterCard
Last month I blogged about potentially trying to find a new credit card because the Capital One Aspire Travel World MasterCard was being discontinued. I was pretty bummed out because it’s a card I really like, and I even got my boyfriend to sign up for it as well so that we could earn travel rewards for our trips. So in case you were thinking of getting this card, or if you are already a cardholder but haven’t heard about what’s happening, here’s what I’ve learned from Capital One (who reached out to me via e-mail after reading my post):
- The Aspire Travel World MasterCard is being replaced with the Aspire Travel World Elite MasterCard.
- The Elite MasterCard will provide stronger Concierge services to cardholders.
- New card holders will not receive the 10,000 miles Anniversary Bonus.
- The sign-up bonus of 35,000 miles was downgraded to 10,000 miles.
- They will keep the 2 rewards miles for every $1 spent on all purchases (with no cap).
- They still offer extremely strong travel insurance and benefits to cardholders.
But, existing Capital One Aspire Travel World MasterCard cardholders will still receive the 10,000 miles anniversary bonus every year. This is important because that means pretty much everything about the card stays the same for me, and for everyone else who already holds the card. It also means I don’t think I’ll need to find a new replacement. :)
Note: the minimum required personal income for the Elite card is $70,000 or a household income of $120,000. This is an increase of $60,000 personal and $100,000 household from the World card.
For existing cardholders – will you keep your card, or look for something else?
Author: Krystal Yee
I’m a personal finance blogger and marketing professional based in Vancouver. I’m a former Toronto Star (Moneyville) columnist, author of The Beginner’s Guide to Saving and Investing, and co-founder of the Canadian Personal Finance Conference. When I’m not working, you can usually find me running, climbing, playing field hockey, or plotting my next adventure.