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Verdict: Not everyone qualifies for a World MasterCard, which is what this card is; it’s just sponsored by Spirit Airlines. (Onyx simply refers to the color of the card—black with white and grey lettering.) Those who don’t qualify can receive a Platinum World MasterCard. Further, the World MasterCard has a $69 annual fee; the Platinum World MasterCard has no fee.
Plus, this particular card has quite a few caveats to it that must be met monthly. If cardholders don’t mind meeting them every month, then it may be a good one for them. There are other cards available that don’t have as many restrictions, however.
Overview: The Spirit Airlines Onyx World MasterCard Credit Card is another World MasterCard that is sponsored by a particular airline; in this case Spirit Airlines. The greatest rewards points are earned by using the card to buy tickets on Spirit Airlines or make other Spirit Airline purchases.
$400 in Free Airfare with Capital One Venture Card
How This Card Works: Cardholders have to maintain “active membership” by having account activity each month; that is, the card must be used at least once a month for something—a purchase, a balance transfer, or cash advance. In addition, the highest rewards points are earned only by using Spirit Airlines services and even these aren’t good for buying tickets except in “off-peak” times.
Travel and Shopping Benefits: There aren’t very many. Again, this card has a lot of restrictions and limitations, including the fact that cardholders can only purchase “off-peak” tickets. Further, rewards points are only earned at a 1/1 ration (1 point for every $1 spent) for regular purchases.
Fees: The fees are about what would be expected on most credit cards. $10 or 4% for balance transfers; $10 or 3% on all others, such as cash advances. Interest rates are 15.24%, 18.24%, or 22.24%, depending on creditworthiness.
- Can choose between annual fee or no fee
- May not be eligible for Onyx World MasterCard, but this might be considered a “pro” to some people, because the Onyx card has a $69 annual fee
- High interest rates, and they are variable
- Must meet many requirements on a monthly basis in order to get maximum benefits, including at least one purchase or transaction in order to maintain “active membership”
- Airline tickets are “off-peak” only