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Capital One® Aspire Travel™ Platinum Mastercard® rewards Structure
Rewards miles come at a steady and unrestricted rate of 1 for every $1 spent. With no ambiguous purchase eligibility, cardholders can be confident that they’re earning rewards miles every time they use their card. The miles themselves are some of the most flexible travel rewards we’ve seen, and can be used retroactively to cover travel-related purchases that show up on a monthly statement. Travel can therefore be booked everywhere, and cardholders won’t be limited by in-house booking sites, seating restrictions, or blackout dates.
Miles can also be redeemed in other ways, like gift cards and cash back against the card’s statement. For more information on the nuances of Capital One miles, check out our Loyalty Rewards Bible.
Feature breakdown
- Earn 1 mile for every $1 spent on purchases
- $0 annual fee
- Book your own travel, pay with rewards miles
- Price protection services
- Solid array of insurance benefits
The peripheral benefits of the Aspire Travel Platinum card include Price Protection and insurance perks, both of which help cardholders save money. Price Protection is rather unusual among travel credit cards, and it allows cardholders to get reimbursed if they discover that something they purchased is later marked down. With Capital One® cards there’s a $100 limit per item and collective $500 limit per year, and cardholders can only use the feature on items that were marked down within 60 days of their initial purchase. For example, if a cardholder were to buy a $500 item and then find the same item listed for $400 a month later, they could claim the difference (and still have $400 left to claim against other purchases for the remainder of the year).
The Aspire Travel card comes with basic travel insurance as well, though the key word here is ‘basic’: it’s missing some of the more valuable travel coverage that is provided by some competing travel cards. Capital One® provides coverage for common carrier travel accidents, car rental collisions and damage, baggage delay, and travel assistance. While it’s logical that a no-fee card would only have the most basic insurance options, some other no-fee travel cards have managed to raise the bar a bit. The Rogers World Elite Mastercard, for instance, offers a different travel insurance package that some travellers might prefer, including out-of-province/out-of-country medical coverage.
Who’s the card for?
Travellers who want the simplicity of earning a flat rate of travel rewards on all their purchases, want to book their arrangements wherever they like, and dislike annual fees are well-suited to the Capital One® Aspire Travel™ Platinum Mastercard®. Those who appreciate flexibility will also enjoy the opportunity to spend their miles on cash back and gift cards as well.
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