New Capital One card rewards customers both at home and abroad

Capital One is rewarding travellers with  its Aspire World card, a World MasterCard programme, which offers no fees on transactions in foreign currency and up to 1.25% unlimited cashback on Sterling transactions.  With the summer season now here this is the perfect card for spending at home and abroad.

The Aspire World cashback rewards card does not have a foreign exchange fee on purchases made in other currencies (which are typically in the region of 2.75% to 2.99%).  This makes it an attractive proposition for frequent travellers and those currently planning their overseas holidays.  As an example, a cardholder who spends £2,000 on their credit card overseas could save £59.80 in charges.

Customers will continue to benefit back in the UK, where they can take advantage of a tiered level of cashback of up to 1.25% on all Sterling purchases.

Michael Woodburn, Chief Marketing Officer, Capital One said: “Consumers are looking for a range of benefits from their credit card, and Aspire World hits the mark both at home and abroad. With summer rapidly approaching Aspire World will be especially appreciated by holidaymakers who want to make the most of their money abroad and continue to benefit back home.”

Independent personal finance expert Andrew Hagger of Moneycomms added: “Credit cards that don’t levy additional fees for overseas transactions are few and far between so this new deal is likely to prove popular, even more so as it also comes with a generous cash back incentive."

"The market is awash with long term 0% balance transfer deals, so it's refreshing to see the focus on overseas fees for a change, an area that costs UK consumers millions of pounds every year."

For customers that may not be eligible for Aspire World, the Capital One Classic Extra card now also has no fees on foreign purchases.  This card still offers 0.5% cashback on all purchases as well as a £10 annual bonus for customers who pay on time. 

Capital One Aspire World, a World MasterCard programme:

0% Non-Sterling transaction fees on all purchases made in foreign currencies

On purchases made in Pounds Sterling, the following tiered cashback rates apply:

0.5% on all purchases up to £5,999.99 each year 
1% on all purchases from £6,000 to £9,999.99 each year
1.25% on all purchases from £10,000 each year

No annual fee

Identity Alert service provided by Equifax. This provides customers with an early warning service against identity theft

19.9% p.a. variable on purchases and balance transfers

Aimed at customers with an excellent credit rating

This card is available for a limited time only

Representative Example: Assuming a credit limit of £1,200, an interest rate on purchases of 19.94% p.a. variable, you will receive a 19.9% APR representative variable.

Capital One Classic Extra:

For people with an average to good credit history
0.5% cashback on all your purchases
Earn a £10 annual reward for paying on time each month
Paying on time helps build your credit rating
Pay no fees on purchases in foreign currencies
No annual fee

Representative example: Assuming a credit limit of £1,200 and an interest rate on purchases of 34.94% p.a. variable, you will receive a 34.9% APR representative variable.