Capital One Aspire Travel World Elite Mastercard Alternatives

In a letter sent to its customers, Capital One announced several upcoming changes to its Aspire Travel World Elite Mastercard.

This credit card has not been offered to new customers for several years, but current customers had significant perks with it:

• 2 points per dollar on all purchases ( = 2% back)
• 10,000 bonus points each year (a $100 value)

Here are the main features of the Capital One Aspire Travel World Elite Mastercard as of August 5, 2020:

• $150 annual fee
• 1.5 points per dollar
• great insurances

With the changes, this card has become less attractive, notably for travellers, especially compared to alternative credit cards offering travel points (with welcome bonus and other benefits).

Here are 2 alternatives:

• a lower or equal annual fee
• excellent points accumulation on your everyday purchases
• great insurance coverages

The National Bank World Elite Mastercard^® is one of the best credit card insurance in Canada:

• Out-of-province hospital insurance
• Flight Cancellation
• Trip Interruption Insurance
• Flight delay
• Baggage insurance in case of delay
• Lost or Stolen Baggage Insurance
• Vehicle rental insurance
• Purchase insurance (180 days)
• Extended warranty (2 years)

With the National Bank World Elite Mastercard^®, you can earn between 1 and 5 points per dollar spent on purchases.

You can apply your points on any travel purchase charged to the card (flights, hotels, Airbnb, all-inclusive, etc.).

In addition, the National Bank World Elite Mastercard^® offers:

• up to $150 travel credit per calendar year
• unlimited complimentary access to the National Bank lounge at Montreal-Trudeau International Airport

Last but not least, the National Bank World Elite Mastercard^® currently offers an excellent welcome bonus.

The MBNA Rewards World Elite^® Mastercard^® offers 1 to 5 points per dollar of purchase.

You can apply your points on any travel purchase charged to the card (flights, hotels, Airbnb, all-inclusive, etc.).

However, travel insurance products are less robust than the ones coming with the Capital One Aspire Travel World Elite Mastercard:

• Common Carrier Accidental Death & Dismemberment Benefits
• Unexpected Return Home
• Rental Vehicle Collision Damage Waiver Benefits
• Rental Vehicle Accidental Death & Dismemberment Benefits
• Personal Effects Benefit

Therefore, there is no cancellation or travel interruption insurance.

On the other hand, purchase insurance products are attractive:

• Purchase insurance (90 days)
• Extended warranty (1 year)
• Price protection (60 days)

And its $120 annual fee is less than the $150 required by the Capital One Aspire Travel World Elite Mastercard.