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Spirit Airlines World MasterCard® Credit Card: Is it Worth It?

Opinions, analyses, reviews, or recommendations expressed here are the author’s alone, and have not been reviewed or endorsed by the issuer. We may be compensated through the issuer’s Affiliate Program. For a full list of our advertisers, including American Express, see our disclosure page.

Image of Spirit Airlines World MasterCard® Credit Card
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"Due to the low value of Spirit Airlines miles, there isn't a whole lot of value one can extract from the Spirit Airline credit card."

Contents

The Spirit Airlines World MasterCard® Credit Card from Bank of America fails to impress. With a measly 1% rewards rate, and a $59 annual fee (waived year 1), it becomes hard to justify keeping this card in your wallet, when a good cash back credit card can provide you with far better savings overall.

Good For… Bad For…
  • Booking off-peak reward travel
  • Those looking for high rewards rates
  • Individuals who want flexible travel dates

Review: What We Think of the Spirit Airlines Credit Card

The Spirit Airlines World MasterCard® Credit Card is a subpar deal, most ways you look at it. There may be certain circumstances – if you book travel at the right time of the year – where you can walk away with a half-decent rewards rate value (above 1%). The problem of this card stems from the poor value of Free Spirit™ Miles, making it a hard sell for most. On average, unless they are very diligent with how they redeem their miles, consumers can expect a rewards rate of 1% or lower from the Spirit Airlines Mastercard. A card like the Citi® Double Cash Card - 18 month BT offer will offer far better value (1% back on purchases and 1% back when you pay for those purchases), and more flexible rewards (since it offers straight cash back instead of miles or points).

For as little value as there is in the Spirit Airlines credit card, the offer is made all the worse by the $59 annual fee (waived the first year). In order to just break even, and make up for the fee, you need to charge $5,900 to this card within a year. In contrast, if you put those charges onto the aforementioned Citi® Double Cash Card - 18 month BT offer, you’d be coming out $118 ahead instead.

Another important consideration to make, when looking at this card, is the poor user experience associated with its affiliated airline. Spirit has, traditionally, been viewed as a carrier which cuts costs and corners, at the cost of customer service and experience. Flights with Spirit tend to be cheap, though anything but the bare minimum will cost you significant money in fees – everything from checked bags to printing your boarding pass. If you have no prior experience with Spirit Airlines, and are simply looking for an airline credit card, we recommend staying away from this one, and exploring other options.

Bottom Line: There is very littile we can recommend about the Spirit Airlines credit card. Unlike some of the better airline credit cards, it doesn’t offer free checked baggage benefits, companion tickets, or in-flight savings. Outside of preferred boarding and check-in on domestic flights (at select airports) there is nothing you get for your loyalty to Spirit Airlines with this card.

Spirit Airlines World MasterCard® Credit Card Benefits & Features

The Spirit Airlines credit card earns users 2 Free Spirit™ miles for every $1 they spend on the card through purchases – that means balance transfers, cash advances, and fees will not earn you any miles. Furthermore, when you make your first purchase on the card, Bank of America will throw in an extra 15,000 bonus miles your way. We estimate the value of this welcome bonus to be $75 – which means it will be more than enough to cover the card’s $59 annual fee, once it hits in the second year of card membership.

Image of Spirit Airlines World MasterCard® Credit Card
Annual Fee $0 Intro Annual Fee for the first year then $59
Purchase APR 12.99% to 22.99% Variable
Card Details
  • 2 miles for every dollar you spend on purchases
  • 15,000 bonus miles after you make a purchase with the World MasterCard® credit card - enough for up to 3 roundtrip off-peak tickets, with taxes and fees from $11.20 per award
  • Earn 5,000 anniversary bonus FREE SPIRIT™ miles when you spend at least $10,000 in purchases annually and pay your annual fee
  • Enjoy a $0 introductory annual fee for the first year
  • a $59 fee will apply to World Mastercard® accounts thereafter

If you spend at least $10,000 on your Sprit credit card annually, you’ll receive an extra 5,000 anniversary bonus miles. You can’t earn this benefit during your first year, however, as the card’s terms stipulate you will only receive this bonus upon payment of the annual fee – which is waived the first year of card membership.

What Are Free Spirit™ Miles Worth?

We estimate a single Free Spirit™ mile to be worth, on average, $0.005 – significantly lower than most loyalty miles out there. Depending on how you redeem your rewards, you can walk away with point values significantly higher or lower than this number. We arrived at this value by examining several different itineraries, some of which are pictured below.

From To USD Miles US/Point
Chicago Atlantic City  $96  50,000 0.002
Baltimore Cancun  $205  40,000 0.005
Denver Boston  $323  52,500 0.006
Los Angeles Cancun  $350  75,000 0.005
Average 0.005

Note that you can get decent value if you manage to find the right off-peak deal as a Spirit Airlines World MasterCard® Credit Card cardholder. However, these dates are limited, and make it difficult to fit a vacation to a schedule that suits you.

The cost of award travel with Spirit Airlines depends on two factors – time of year, and region. Firstly, Spirit categorizes dates throughout the year as “Off-Peak”, ”Standard”, and “Peak” – each requiring more miles than the last. Times of the year that see more travel, such as holidays, are considered “peak”, and cost the most miles. Secondly, the further you fly, the more miles it will cost you. Spirit breaks travel up into 4 regions – traveling within 1 region costs the least, while travelling across 4 regions costs the most.

Being a Spirit Airlines Mastercard users gives consumer access to more “off-peak” dates throughout the year – which slightly increases the overall value of this rewards program. Even when redeeming miles for an “off-peak” flight, the miles value you receive is below $0.01.

How Does the Spirit Airlines World MasterCard® Credit Card Compare to Other Credit Cards?

In order to see whether the Spirit Airlines credit card is worthwhile, it’s important to see it against the backdrop of other credit cards. Below we profile the performance of the Spirit Airlines credit card against leading competitors.

Spirit Airlines World MasterCard® Credit Card vs Citi® Double Cash Card - 18 month BT offer

The Citi® Double Cash Card - 18 month BT offer is one of the best cash back credit cards available. It gives user 1% cash back at the time of purchase, and another 1% when that purchase is paid off. The Citi® Double Cash Card - 18 month BT offer is, in the long run, the greater value. Even with the 5,000 anniversary bonus, the Spirit Airlines credit card will not be nearly as rewarding as the Citi card.

Spirit Airlines World MasterCard® Credit Card vs Barclaycard Arrival Plus® World Elite Mastercard®

The Barclaycard Arrival Plus® World Elite Mastercard® is a great general travel rewards credit card. Like the Spirit Airlines World MasterCard® Credit Card, the Barclaycard Arrival Plus® World Elite Mastercard® earns 2 miles for every $1 you charge to it. These miles, however, are far more valuable and flexible than those earned on through the Spirit card. If used towards travel statement credit, the Barclaycard Arrival Plus® World Elite Mastercard® are worth $0.0105. For all of this, the Barclaycard has a higher annual fee. However, as long as you spend at least $2,730 annually, the difference in annual fees is more than made up for with the greater rewards.

Comparison Tool

In order to better assist readers in choosing between credit cards, we have constructed a tool that customizes estimated rewards rates for any given card. All these results can be tailored to different spending budgets – simply click the pencil icon, and input your estimated monthly spending.

Edit Monthly Spend: $1,430
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Card Annual Fee 2-yr Net Rewards Rate

The Net Rewards Rate is equal to the Rewards Value over two years divided by the total spending. The total spending is equal to the values entered into the tool and multiplied by 24 months. See the Rewards Value note to see details on how it is calculated.

The estimates here are ValuePenguin's alone. They are not those of the card issuer, and have not been reviewed, approved or otherwise endorsed by the credit card issuer.

Bonus Value

The bonus field shows our estimate for the value of the card’s sign-up bonus. If the bonus is point or mile based, we multiply the total bonus points/miles by our estimate for their value to arrive at a dollar equivalent. We display $0 if there is no bonus or if the user doesn’t qualify for the bonus based on the current spending entered into the tool.

The estimates here are ValuePenguin's alone. They are not those of the card issuer, and have not been reviewed, approved or otherwise endorsed by the credit card issuer.

2-yr Rewards Value

The Rewards Value is calculated by adding together the rewards earned from charging purchases to the card over two years and any sign-up bonuses (if applicable). They are then multiplied by our estimated point/mile value, with any annual fees (if applicable) subtracted. All values are based on our own estimates for the dollar value of any points, miles or bonuses earned using a card.

The estimates here are ValuePenguin's alone. They are not those of the card issuer, and have not been reviewed, approved or otherwise endorsed by the credit card issuer.

Chase Sapphire Preferred® Card
Introductory Annual Fee of $0 the first year, then $95 2.86%
$625
50,000 bonus points when you spend $4,000 on purchases in the first 3 months from account opening
$1,028
Graph Card Read Review More Details
Annual Fee Introductory Annual Fee of $0 the first year, then $95
APR 16.99% - 23.99% Variable

Card Details

  • Earn 50,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $625 toward travel when you redeem through Chase Ultimate Rewards®
  • 2X points on travel and dining at restaurants worldwide & 1 point per dollar spent on all other purchases.
  • Earn 5,000 bonus points after you add the first authorized user and make a purchase in the first 3 months from account opening
  • No foreign transaction fees
  • 1:1 point transfer to leading airline and hotel loyalty programs
  • Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards. For example, 50,000 points are worth $625 toward travel
  • No blackout dates or travel restrictions - as long as there's a seat on the flight, you can book it through Chase Ultimate Rewards

Estimated Rewards Through 24 Months

Card Rewards Estimated Rewards Value Dollars*
Spending Rewards 39,840 x $0.013 = $498
Bonuses
50,000 x $0.013 = $625
Less Annual Fees -$95
Total Net Estimated Rewards Through 24 Months 1,028
Barclaycard Arrival Plus® World Elite Mastercard®
$89 - Waived first year 2.92%
$420
Earn 40,000 bonus miles after you spend $3,000 on purchases in the first 90 days - that's enough to redeem for a $400 travel statement credit
$1,052
Graph Card Read Review More Details
Annual Fee $89 - Waived first year
APR 16.99%, 20.99% or 23.99% Variable

Card Details

  • Enjoy 40,000 bonus miles after you spend $3,000 on purchases in the first 90 days - that's enough to redeem for a $400 travel statement credit toward an eligible travel purchase
  • Earn 2X miles on all purchases
  • Get 5% miles back to use toward your next redemption, every time you redeem
  • Miles don't expire as long as your account is open, active and in good standing
  • No foreign transaction fees on purchases made while traveling abroad
  • 0% introductory APR for 12 months on Balance Transfers made within 45 days of account opening. After that, a variable APR will apply, 16.99%, 20.99% or 23.99%, based on your creditworthiness.
  • There is a fee for balance transfers.

Estimated Rewards Through 24 Months

Card Rewards Estimated Rewards Value Dollars*
Spending Rewards 68,640 x $0.011 = $721
Bonuses
40,000 x $0.011 = $420
Less Annual Fees -$89
Total Net Estimated Rewards Through 24 Months 1,052
Capital One® Quicksilver® Cash Rewards Credit Card
$0 1.85%
$150
Get $150 bonus after spending $500 within the first 3 months
$665
Graph Card Read Review More Details
Annual Fee $0
APR 13.99% - 23.99% (Variable)

Card Details

  • One-time $150 cash bonus after you spend $500 on purchases within 3 months from account opening
  • Earn unlimited 1.5% cash back on every purchase, every day
  • Use your Quicksilver card and get 50% back as a statement credit on your monthly Spotify Premium subscription, now through April 2018
  • No rotating categories or sign-ups needed to earn cash rewards; plus, cash back won't expire for the life of the account and there's no limit to how much you can earn
  • 0% intro APR on purchases for 9 months; 13.99%-23.99% variable APR after that
  • Balance transfers also have a 0% intro APR for 9 months; 13.99%-23.99% variable APR after that; a 3% fee applies to each balance transferred
  • Pay no annual fee or foreign transaction fees

Note: The information in this box was provided by Capital One® and is not part of our independent analysis.

Estimated Rewards Through 24 Months

Card Rewards Estimated Rewards Value Dollars*
Spending Rewards 515 x $1 = $515
Bonuses
0 x $1 = $150
Total Net Estimated Rewards Through 24 Months 665
Spirit Airlines World MasterCard® Credit Card
$0 Intro Annual Fee for the first year then $59 1.00%
$75
15,000 bonus miles after your first purchase
$359
Graph Card Read Review More Details
Annual Fee $0 Intro Annual Fee for the first year then $59
APR 12.99% to 22.99% Variable

Card Details

  • 2 miles for every dollar you spend on purchases
  • 15,000 bonus miles after you make a purchase with the World MasterCard® credit card - enough for up to 3 roundtrip off-peak tickets, with taxes and fees from $11.20 per award
  • Earn 5,000 anniversary bonus FREE SPIRIT™ miles when you spend at least $10,000 in purchases annually and pay your annual fee
  • Enjoy a $0 introductory annual fee for the first year
  • a $59 fee will apply to World Mastercard® accounts thereafter

Estimated Rewards Through 24 Months

Card Rewards Estimated Rewards Value Dollars*
Spending Rewards 68,640 x $0.005 = $343
Bonuses
15,000 x $0.005 = $75
Less Annual Fees -$59
Total Net Estimated Rewards Through 24 Months 359

Comments and Questions

* See the online credit card application for details about terms and conditions. Reasonable efforts are made to maintain accurate information. However all credit card information is presented without warranty. When you click on the "Apply Now" button, you can review the credit card terms and conditions on the issuer's website.

Disclaimer: This content is not provided or commissioned by the credit card issuer. Opinions expressed here are author's alone, not those of the credit card issuer, and have not been reviewed, approved or otherwise endorsed by the credit card issuer. This site may be compensated through the credit card issuer Affiliate Program. 

These responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.

How We Calculate Rewards: ValuePenguin calculates the value of rewards by estimating the dollar value of any points, miles or bonuses earned using the card less any associated annual fees. These estimates here are ValuePenguin's alone, not those of the card issuer, and have not been reviewed, approved or otherwise endorsed by the credit card issuer.

Advertiser Disclosure: Some of the offers that appear on this website are from companies which ValuePenguin receives compensation. This compensation may impact how and where offers appear on this site (including, for example, the order in which they appear). The site does not review or include all companies or all available products. For more information please see our Advertiser Disclosure.