Capital One
No annual fee, earn 1 mile per $1 spent, unlimited rewards, flexible redemption options. Great for travellers seeking easy rewards and a platinum Mastercard experience.
The Capital One Aspire Travel™ Platinum Mastercard® provides Canadian consumers with a compelling way to collect travel rewards without the worry of annual fees. With an ongoing APR ranging from 21.9% to 29.9%, this card suits individuals who pay their balance in full monthly. Cardholders earn 1 reward mile for every dollar spent, and there’s no cap on how many miles can be collected. Redeem your miles for travel, cash, or gift cards as you see fit. The card includes purchase assurance, extended warranty, and the opportunity to add authorized users at no extra cost.
How to Apply: Step-by-Step
1. Visit the credit card application website and choose the Aspire Travel Platinum Mastercard®.
2. Fill out personal and financial details including income, housing, and existing credit obligations.
3. Submit identification to validate your identity and residency in Canada.
4. Review all terms and disclosures before submitting your application for approval.
5. If approved, you typically receive your card by mail within 7-10 business days.
Benefits Overview
One major advantage is earning unlimited travel reward miles on every purchase without an annual fee. The card also comes with purchase assurance and extended warranty protection for extra peace of mind. Flexible redemption lets you choose between travel bookings, cash options, and gift cards. Additional users can be added free, spreading rewards across your household. Valuable Mastercard Everyday and Travel benefits further add value for frequent travellers.
Potential Drawbacks
The standard variable interest rate (21.9%–29.9%) is a consideration, especially if you typically carry a monthly balance.
No introductory rate or welcome bonus is offered at this time, which can make it less attractive for some applicants. Additional benefits, while strong, may be less relevant for those who are not frequent travellers or who do not spend enough to accrue substantial miles quickly.
Our Verdict
Capital One Aspire Travel Platinum Mastercard® is best for Canadians who want a no-fee travel rewards card and can pay off balances each month. Its flexibility and ease of use make it a solid choice for frequent spenders. For those looking for cash rewards or lower interest options, other cards may be worth exploring, but for travel miles with no added cost, this card delivers consistently.
