Spirit Airlines Credit Card Review: A Comprehensive Look at the Benefits and Drawbacks
Spirit Airlines is known for its low-cost model and the credit card associated with the airline reflects this ideology. The Spirit Airlines World Mastercard offers various benefits for loyal travelers of the airline, but it also has some drawbacks to consider. In this comprehensive review, we will take a closer look at the Spirit Airlines credit card, examining its perks, drawbacks, and overall value for frequent flyers.
The Spirit Airlines World Mastercard is designed for regular Spirit Airlines customers who want to maximize their rewards and enjoy exclusive perks. This credit card offers various benefits, including bonus miles for new cardholders, double miles on all purchases with the airline, and the ability to earn Spirit miles on everyday spending. Additionally, cardholders can enjoy a reduced redemption rate for award flights and access to exclusive cardholder-only offers and experiences.
One of the major advantages of the Spirit Airlines credit card is the generous welcome offer. New cardholders can earn a substantial number of bonus miles after meeting the minimum spending requirement within the specified time frame. This can be a great way to jumpstart your Spirit Airlines miles balance and get closer to redeeming free flights or other rewards.
Furthermore, the ability to earn double miles on all purchases with Spirit Airlines can be a significant perk for frequent flyers. This means that every dollar spent with the airline accrues twice the miles, allowing cardholders to accumulate rewards faster compared to using a regular credit card for their purchases. Additionally, the reduced redemption rate for award flights can provide excellent value for those who often redeem their miles for travel.
In addition to these benefits, the Spirit Airlines credit card also offers various travel and purchase protection benefits, such as travel accident insurance, auto rental collision damage waiver, and extended warranty protection. These can provide peace of mind for cardholders when traveling or making purchases, knowing that they are covered by these added protections.
However, it’s important to consider the drawbacks of the Spirit Airlines credit card as well. One of the most significant drawbacks is the annual fee associated with the card. While there is an initial waiver for the first year, cardholders will incur an annual fee thereafter. For some individuals, especially those who do not travel frequently or do not exclusively fly with Spirit Airlines, the annual fee may not justify the benefits and rewards offered by the card.
Another potential drawback is the limited redemption options for Spirit Airlines miles. Unlike some other travel rewards programs that offer flexible redemption options, Spirit Airlines miles are primarily used for flights with the airline, and the redemption process may have some limitations and restrictions.
Additionally, the variable APR for purchases and balance transfers is relatively high, especially for individuals who tend to carry a balance on their credit cards. This can potentially negate the value of the rewards earned with the card if the cardholder ends up paying substantial interest charges over time.
In conclusion, the Spirit Airlines credit card offers some valuable benefits for loyal customers of the airline, including a generous welcome offer, double miles on all purchases with the airline, and exclusive cardholder perks. However, it’s essential for potential cardholders to carefully consider the annual fee, limited redemption options, and potential interest charges before deciding if the card aligns with their travel and spending habits. Overall, the Spirit Airlines credit card can be a lucrative option for those who frequently fly with the airline and can take advantage of the rewards and benefits offered.