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

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

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Low-cost carriers offer inexpensive fares in exchange for some comforts — and Spirit Airlines is no exception. With its primary goal of getting you from point A to point B, expect any ancillary benefits to come at an additional cost. While Spirit isn’t for everyone, travelers who don’t mind skimping on the airline experience will enjoy its ultra-low fares.

And if you’re a frequent Spirit flyer, you may have considered applying to the Spirit Airlines World MasterCard® Credit Card. Spirit is known for charging extensively on everything from seat selection to carry-on bags, so you may hope that the card can help you avoid those fees, as well as reward you with additional perks, similar to other co-branded airline credit cards.

However, the Spirit Airlines World MasterCard® Credit Card from Bank of America falls short regarding any lucrative perks for Spirit flyers. This card’s best feature is that it earns a 2% rewards rate on all purchases and offers discounted redemptions with your Free Spirit miles. But considering the card’s $59 annual fee and the low value of Spirit miles, it’s hard to justify adding this card to your wallet when a good cashback credit card could provide much better savings.

Good For...

  • 2% on all purchases, discounted flight redemptions for cardholders

Bad For...

  • In-flight amenities, high-value miles

Spirit Airlines World MasterCard® Credit Card review: A mediocre airline card with nothing to write home about

The Spirit Airlines World MasterCard® Credit Card is a subpar deal in most ways you look at it, with the problem stemming from the poor value of Free Spirit Miles. However, Spirit has recently announced a revamp of its Free Spirit program, mimicking existing successful airline programs. By Jan. 21, 2021, Spirit will implement customer-friendly additions to boost the loyalty program’s overall value. These changes include reducing award travel fees and making redemptions based on ticket fares rather than distance and peak travel periods.

While we eagerly await these changes to the Free Spirit program, the Spirit Airlines World MasterCard® Credit Card still fails to impress. 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, this card grants you almost no benefits for your loyalty to Spirit with this card.

Spirit Airlines World MasterCard® Credit Card benefits and features

Earning miles

While other airline cards tend to award users more miles on airline-specific purchases, the Spirit Airlines World MasterCard® Credit Card offers a flat earnings rate: 2 Free Spirit miles for every $1 spent on all purchases. This unlimited 2% earnings rate will appeal to those who don’t want to keep up with numerous bonus categories.

Sign-up bonus

The Spirit Airlines World MasterCard® Credit Card sign-up bonus is relatively easy to earn, compared to others in its airline card cohort — it lets you up to 30,000 bonus miles. Get 15,000 bonus miles after your first purchase plus an additional 15,000 bonus miles after making at least $500 in purchases within 90 days of account opening.

Finally, if you spend at least $10,000 on your credit card annually, you’ll receive an extra 5,000 bonus miles on your cardmember anniversary.

Discounted redemption

Spirit Airlines World MasterCard® Credit Card holders receive discounted redemption rates on flights with no blackout dates — arguably one of the best perks of this card. These rates start at just 2,500 miles and are exclusive to cardholders. You’ll receive a much better value for your miles, as standard redemptions start at 10,000 miles. When searching for flights through Spirit’s website, you’ll be given the number of miles required for both cardholders and standard Free Spirit members.

Other travel benefits

Your Free Spirit rewards don’t expire as long as your credit card account is open; typically, they would expire with no account activity made within a year. Additionally, cardholders receive Zone 2 priority boarding with the Spirit Airlines Mastercard. However, this card disappoints in its lack of any baggage benefits that generally come with other airline cards — all Spirit flyers are limited to a personal item, and any carry-on and checked baggage will incur additional charges depending on the route. Overall, this card severely lacks any perks that enhance the overall flying experience.

The Spirit Airlines World MasterCard® Credit Card comes with a $59 annual fee that’s waived the first year. Therefore, the welcome bonus alone could reimburse the annual fees — for at least the first few years of card ownership. Ultimately, you’d have to determine whether the benefits make this card worth keeping in the long run.

What are Free Spirit miles worth?

We estimate each Free Spirit mile to be worth $0.003 — significantly lower than most loyalty miles. Depending on how you redeem your rewards, you could walk away with point values significantly higher or lower than this number. We arrived at this value by examining several different itineraries below.

From
To
USD
Miles + Taxes/Fees
USD/Point
ChicagoFort Lauderdale$86.0925,000 miles + $20.60$0.003
BaltimoreCancun$113.9827,500 miles + $47.49$0.002
Las VegasPittsburgh$216.0937,500 miles + $20.60$0.005
PhoenixAtlanta$83.7827,500 miles + $20.60$0.002
Average$0.003

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How does the Spirit Airlines World MasterCard® Credit Card compare to other credit cards?

In order to determine whether the Spirit Airlines World MasterCard® Credit Card is worthwhile, it’s essential to see how it compares to other cards. We’ve selected a cashback card, travel rewards card and a competing airline card for the following comparisons.

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

  • On Citibank's Secure Website

The Citi® Double Cash Card is among top-rated cashback credit cards available with $0 annual fee. It offers a similar earnings rate: Earn 2% on every purchase with unlimited 1% cash back when you buy, plus an additional 1% as you pay for those purchases. However, your cashback rewards are worth more than three times as much as Spirit Miles ($0.01 each) and don't limit you to Spirit Airlines redemptions. The major drawback of the Citi® Double Cash Card is that it doesn’t come with a sign-up bonus — but with $0 annual fee, your rewards are much more valuable in the long run.

Spirit Airlines World MasterCard® Credit Card vs. Capital One Venture Rewards Credit Card

  • On Capital One's Secure Website

The Capital One Venture Rewards Credit Card is well-regarded as a travel rewards credit card. Like the Spirit Airlines World MasterCard® Credit Card, the Capital One Venture Rewards Credit Card earns 2 Miles per dollar on every purchase, every day. These miles, however, are far more valuable and flexible than those earned through the Spirit card.

If used toward a travel statement credit, your Capital One miles are worth $0.01 each — also more than three times the value of Free Spirit miles. The travel statement credit option allows you to reimburse yourself for any travel purchases you make, from airfare to hotels. While the Capital One Venture Rewards card comes with a $95 annual fee, you’ll enjoy other benefits like up to a $100 credit for Global Entry or TSA Precheck and complimentary travel protections.

Spirit Airlines World MasterCard® Credit Card vs. The Frontier Airlines World MasterCard®

Another domestic low-cost carrier, Frontier Airlines offers The Frontier Airlines World MasterCard®. It comes with a higher $79 annual fee, but with a better rewards rate than the Spirit Airlines World MasterCard® Credit Card: 5X miles on eligible purchases at flyfrontier.com, 3X miles on restaurant purchases and 1X miles on all other purchases.

The value of Frontier miles wildly varies depending on the redemption. Still, this card offers a generous sign-up bonus: 40,000 bonus miles after spending $500 on purchases and paying the annual fee in full, both within the first 90 days.

Finally, you’ll receive a $100 flight voucher on your cardmember anniversary after spending $2,500 or more within a membership year. Like the Spirit Airlines World MasterCard® Credit Card, the The Frontier Airlines World MasterCard® misses the mark on offering any in-flight perks. However, the The Frontier Airlines World MasterCard® is a better pick for its better sign-up bonus and earnings rate when it comes to ultra-low cost carriers.

ValuePenguin’s verdict

The Spirit Airlines World MasterCard® Credit Card is an unremarkable airline card. With no loyalty perks for Spirit flyers, you’re better off applying for a cashback or another travel rewards card.

The only significant benefit that the Spirit Airlines World MasterCard® Credit Card offers is a solid number of miles, from the sign-up bonus to the anniversary bonus. With Spirit’s already-low fares, however, most redemptions result in poor value. Yet, with the anticipated improvements of the Free Spirit program, your Spirit miles have the potential to become much more valuable.

The information related to Spirit Airlines World MasterCard® Credit Card and The Frontier Airlines World MasterCard® has been independently collected by ValuePenguin and has not been reviewed or provided by the issuer of this card prior to publication.

Stella Shon

Stella Shon is a travel credit cards writer with ValuePenguin. After studying abroad in Paris three years ago, she became determined to keep traveling. That’s when she discovered the world of points and miles, which enabled her to travel on a student budget. Since then, she’s flown over 150,000 miles and earned more than 500,000 points and miles with eight different credit cards. While in college, she even co-founded her own travel agency, helping her peers plan and book trips on a budget. As a recent journalism graduate from UNC-Chapel Hill, her goal is to write about travel to make it simpler and achievable for everyone. Her work has also appeared on JetBlue, The Points Guy, Travel + Leisure and CNBC.

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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.

Example of how we calculate the rewards rates: When redeemed for travel through Ultimate Rewards, Chase Sapphire Preferred points are worth $0.0125 each. The card awards 2 points on travel and dining and 1 point on everything else. Therefore, we say the card has a 2.5% rewards rate on dining and travel (2 x $0.0125) and a 1.25% rewards rate on everything else (1 x $0.0125).