The Worldperks Visa Card was last reviewed on
7th April 2007
Summary - We recommend the WorldPerks Visa to the Northwest Airlines Worldperks member (especially for the Silver, Gold and Platinum Elite members) mainly because
You can earn double miles on Northwest products purchases directly from NorthestYou can earn unlimited milesYou get an annual 15,000 miles Worldperks award travel saverAutomatic enrollment in Rewards Network Dining program which allows you to additional miles (up to five) for every dollar you spend at Rewards Network Dining partners
Let us explore the card in greater detail.
Miles Formula - The Worldperks Visa Signature card allows you to earn double miles on Northwest tickets, Northwest gift certificates. WorldClubs® memberships and Northwest Airlines WorldVacations® packages made directly from Northwest Airlines (Northwest Reservations, Airport Ticket Offices, nwa.com®, WorldVacations reservations and nwaworldvacations.com). You can earn unlimited miles. However, if you annual spending exceeds $80,000, you will earn miles at a rate of one mile for every two dollars that you spend. However, you will be exempted from this restriction if
You are a Elite Silver, Gold or Platinum memberIf you use the Autopay function and pay your balance in full every month (you elect the FULL PAYMENT option).
Annual WorldPerks award travel discount - Every year, cardholders will get Worldperks award travel discount (worth up to 15,000 miles), which is valid for up to two roundtrip economy class or first class ticket between contiguous US (includes Alaska) or between Contiguous US and Canada. (each roundtrip discount is worth 7,500 miles per person).
Automatic enrollment in Rewards Network Dining - Like many major US airlines reward programs, the Worldperks program allows members to earn up to five 5 miles for every dollar they spend at restaurants that are part of the Rewards Network Dining program. However, many members do not activate their credit card for this program and hence do not utilize this great feature. With the Worldperks Visa, you are automatically enrolled and your credit card is automatically activated so that you can earn extra miles when you dine at Rewards Network Dining partners.
Fees - The annual fee is $90.00. The apr is prime rate plus 9.75%. The Worldperks Visa uses the average daily balance method (including new purchases).
Minimum Income Requirements - You need a minimum income of $30,000 to apply for the signature card. If your income is less than this, you will be considered for the platinum version, which does not allow you to earn double miles.
Verdict - We recommend WorldPerks Visa to the Northwest Airlines frequent traveller. Elite members, or those who use the AUTOPAY feature and pay their balance in full will have the added benefit of earning double miles even when they exceed annual spending of $80,000. Frequent travellers will also like the annual 15,000 miles travel awards discounts.
Postives
Earn double milesAnnual travel award discountAutomatic enrollment in Rewards Dining Network (many frequent flyers never utilise this feature).
Negatives
Earn miles at a lower rate once you spend more than $80,000 annually (though Elite members and those who pay their bills in full through AUTOPAY are exempted from this restrictions).
| Worldperks Visa Signature |
| Miles Benefits |
| Miles Accumulation |
1 mile per $1 spent on other purchases
2 miles per $1 spent on Northwest Airline, Northwest gift certificates, Worldclubs Memberships and Northwest Airline vacation packages through Northwest directly |
| Anniversary Bonus |
Up to 15,000 miles in Worldperks award travel discount |
| Miles Expiration |
No expiration if account is active within 36 months |
| Caps on miles |
Earn unlimited miles
However, when annual expenditure exceeds $80,000, you earn miles at a rate of one mile for every two dollars you spend.
Elite Silver, Gold and Platinum members are exempt from this restriction
Those who use the AUTOPAY feature and pay in full every month are also exempt from this restriction. |
| Credit Limits |
|
| Minimum Income required is $30,000 |
| Travel and Insurance Benefits |
Up to $1,000,000 Travel Insurance
Free rental car collision/loss damage insurance |
| Other Benefits |
Free 24/7 personal concierge service
24-hour dedicated Workperks Visa Signature Card Customer Service
extended warranty protection
Purchase Security
Free year-end Worldperks Visa account summary |
| Cost/Fees/Interest rates |
| Annual Fees |
$90.00 |
| Purchase APR |
Prime Rate plus 9.75% |
| Balance Transfer APR |
Prime Rate plus 9.75% |
| Cash Advance APR |
Prime Rate plus 14.99% |
| Penalty/Default Rate |
Prime Rate plus 20.99 (min is 23.99%) |
| Overdraft Advance APR |
13.99% fixed |
| Min Finance Charge |
$2.00 only in statement when interest is due |
| Grace Period |
20 to 25 days |
| Balance Calculation Method |
Average Daily Balance (including new purchases) |
| Cash Advance fee |
3% min $5.00 |
| Over-the-credit-limit fee |
none |
| Late Payment fee |
$15.00 - up to $99.99
$29.00 - $100.00 to $999.99
$39.00 - $1,000 and up |
Apply for the WorldPerks Visa
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