Bank of America Spirit Airlines World MasterCard Credit Card Review

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From Seek Capital - Best for Spirit Flyers

Welcome Offer

Earn 30,000 bonus miles

Earn 15,000 bonus miles after your first purchase + 15,000 bonus miles after making at least $500 in purchases within 90 days of your account opening

Earn

2xMiles
Earn 2x miles on every purchase
5,000Bonus Miles
If you spend $10,000 annually, you earn 5,000 bonus miles
$0Preferred Boarding
Receive preferred boarding and domestic priority check-in
$0Introductory Fee
$0 Introductory fee for the first year, then only $59 a year

Bank of America Spirit Airlines Mastercard

Want in on all the travel rewards action, but don’t think you have the pockets to fund regular flights? You don’t have to be a luxury traveler to enjoy complimentary travel perks and rewards structures that let you earn free flights. Bank of America partners with Spirit Airlines to provide the Bank of America Spirit Airlines World Mastercard, which lets you almost immediately rack up enough points to cover up to three round-trip fares. This card is no joke! We’ve got the goods on this card, which comes with some great money-management perks too.

Rewards Highlights

  • $0 Intro Fee
  • 2x Miles on everything
  • 5,000 Bonus miles if you spend $10,000 annually
  • Airport travel benefits

Expert Review

The Pros

  • $0 Intro Fee
  • 2x Miles on everything
  • 5,000 Bonus miles if you spend $10,000 annually
  • Airport travel benefits

The Cons

  • No Lounge Access
  • Limited to Spirit Airlines

Recommended Credit Profile

Rates & Fees

  • Annual Fee$59
  • Intro Annual Membership Fee$0
  • Regular APR17.49% to 25.49%
  • Great ForSpirit AirlinesTravelGas
  • Regular Purchase APR17.49% to 25.49%
  • Regular Balance Transfer APR17.49% to 25.49%
  • Cash Advance APR20.49% to 26.49%
  • Balance Transfer Fee$10 or 3%
  • Cash Advance Fee$10 or 3%

The Easiest Sign-Up Bonus in the Industry

With a lot of other cards, you have to reach a minimum purchase amount — usually between $1,000 to $5,000 the first three months — to earn your bonus miles. All you have to do to get the bonus miles on the Bank of America Spirit Airlines World Mastercard is make a single qualifying purchase. Yes, just one qualifying purchase!

A pair of new shoes? Here’s your reward. Dining out with the family? Also earns you the sign-up reward. Groceries you would have to buy anyway? You guessed it. The first purchase earns you 15,000 bonus miles.

And since redemption for a one-way flight during off-peak days starts at around 2,500 points, that’s a potential three round-trip fares. You do have to cover the taxes and fees, but those start as low as $12 per flight.

Where can you fly with those bonus miles? Some Spirit destinations include:

  • Las Vegas
  • Orlando
  • Houston
  • New Orleans
  • Portland
  • Boston

And with flights averaging between $70 to $90 one-way, those bonus miles could be worth around $420 if you use them during off-peak flight times. Even if you need to book during peak times, you can get at least one round-trip out of the points, which is around a $150 value.

Keep Earning Miles Every Day

Use your Bank of America Spirit Airlines credit card on regular purchases and earn 2 miles for every dollar you spend.

Plus, if you spend $10,000 or more annually, Spirit rewards you with 5,000 bonus anniversary miles. That’s enough to potentially cover one round-trip flight!

We know $10,000 sounds like a lot, but that’s actually only $833 a month — or about $27 a day, if you want to get super detailed. Many families will reach that threshhold just by using this card to cover the daily expenses of life. How much do you spend on groceries, gas for the car and incidentals every week? If it’s $200 or so, then all you have to do is use this card to make those purchases and you’ll have no problem scoring those extra 5,000 bonus points.

Just how many flights can you cover by using the Bank of America Spirit Airlines credit card as your regular payment method? Let’s run some quick hypothetical numbers.

  • You’re obviously going to get the sign-up bonus, right? So that’s 15,000 miles.
  • Let’s say you do spend $200 a week on regular purchases and you put this card into play for those. That’s $10,400 dollars a year, and you get double miles on every dollar. So, that’s 20,800 more miles.
  • And, that regular spending netted you the anniversary bonus of 5,000 miles.
  • Total miles earned? 40,800.

Or, up to eight round-trip tickets! Bring the entire family on an adventure. Possibly twice!

Other Perks of the Bank of America Spirit Airlines Mastercard

First, there aren’t blackout dates on award tickets, so if you’ve got the miles to cover an available seat, it’s yours. You also get domestic priority check-in and preferred boarding when you purchase tickets with the card or use your reward miles. No more waiting around in the concourse or at the gate.

Plus, the card comes with some convenience perks that are totally worth it, including:

  • Online shopping security, which lets you create a temporary card number for use in ecommerce shopping cards. Your card details can’t be stolen if they can only be used for that single purchase.
  • Fraud protection that blocks weird activity on your account and sends you a notification about it.
  • Account alerts that help you stay current with your statement.
  • Text banking for on-demand access to account balances and other information.
  • Options for managing your account online or through mobile apps.
  • Paperless statements so you can go green.
  • Digital wallet technology that lets you pair your card with mobile payment methods like Samsung Pay or Apple Pay.
  • Free access to your monthly FICO score update.

So, What’s the Cost of All This Awesomeness?

The card does come with some balance transfer, foreign transaction and annual fees, but this section isn’t without its own good news.

First, balance transfers do cost 3 percent of the transaction or a minimum of $10. Since this card doesn’t have an introductory 0 percent APR offer attached, though, most people aren’t looking to maximize a balance transfer option with it.

The foreign transaction fee is 3 percent of every dollar you spend in an international location (calculated in U.S. dollar value). So, if you spend the equivalent of $1,000 in Mexico with this card, you’ll pay a fee of $30. While we like to see travel cards without foreign transaction fees, Spirit Airlines loyalists are likely flying often within the contiguous United States, so the fee is less of a problem.

Finally, the annual fee is $59. That’s where the good news really comes in. That’s a low annual fee for a travel rewards card, and you’re going to well over that in value if you put your bonus miles to work.

And, the first year’s annual fee is waived, which means you don’t pay it at all for that year. That makes every reward you earn and redeem like found money, assuming you pay your balance off monthly and avoid accruing other fees.

Our final thoughts on the Bank of America Spirit Airlines Mastercard is that it’s a great option for:

  • Those who love a great deal
  • Spirit Airlines loyalists
  • Anyone looking to get into the travel rewards game who wants to start a bit smaller than a luxury travel card.
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