If you're looking for a travel rewards credit card, Capital One has emerged with a very strong offering. The Capital One Aspire Travel World MasterCard comes with a lot of perks and looks to be one of the strongest options available. Here's a look at the primary features:

• $120 annual fee
• 2 miles per $1 spent on all purchases (including travel that you redeem points on)
• sign-up bonus of 35,000 miles when you make your first purchase
• anniversary bonus of 10,000 miles annually
• extended warranties and price protection
• comprehensive travel insurance (accident, car rental, travel emergency medical, flight delay, trip interrupt, trip cancellation, baggage loss, baggage delay)
• option to redeem reward miles for cash or gift cards
• annual interest rate of 19.8%
• minimum household income of $60,000 required to apply

The annual 10,000 reward miles bonus takes care of most of the $120 annual fee (leaving $20) and the robust travel insurance is a big enticement. The sign-up bonus is definitely pretty juicy as well. Reward miles can be put toward a wide variety of travel costs -- flights, hotels, vacation packages, train, bus, cruises, and car rentals. The notable restriction is that there are set redemption tiers up to $600, at which point the redemption is just 100 points per dollar.

Overall, it's a very flexible travel rewards card. If you are careful about how you redeem miles, you can have a return rate around 2%. That, along with the other perks (travel insurances, extended warranties, and the option of 1.5% cashback for instance) make this worth checking out.

To do more research, check out the RedFlagDeals.com Credit Card Comparison Tool.

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