Travel rewards fans were understandably disappointed when Capital One discontinued its popular Aspire Travel World MasterCard – you know, the one that came with a generous 35,000 point welcome bonus, not to mention an ongoing 10,000 point bonus each year on the card’s anniversary.

Cap One replaced the card with the new Aspire Travel World Elite MasterCard. The welcome bonus was reduced to 10,000 points, and Cap One removed the anniversary bonus miles. However, all of the other great features remained intact: Cardholders still earn 2 miles for every dollar spent, and they can still redeem their points anyway they please with Cap One’s No Hassle Rewards.

But for those in search of a new rewards card, Cap One’s new lower welcome bonus (valued at up to $100) just isn’t that attractive. Not when other rewards card issuers have juicier options on the table.

Related: My latest travel points hack – American Express Air Miles Platinum ($210)

Enter Great Canadian Rebates. This offer, which is valid today (August 6th) through August 31st, gives Capital One Aspire Travel World Elite MasterCard applicants an incredible $250 cash back boost.

Cardholders will earn 2 reward miles for every $1 – on all purchases. You’ll also get 10,000 bonus reward miles with your first purchase – a value of up to $100. Note that a requirement of this card is a minimum personal income of $70,000 or household income of $120,000. Add a supplementary/spousal card for free.

You can redeem your points for travel, or convert them into cash and gift cards at a reduced value.

World Elite MasterCard benefits include travel emergency medical insurance, trip cancellation insurance, trip interruption, flight delay, baggage loss, baggage delay, travel accident insurance, travel assistance, and car rental collision/loss damage waiver. You’ll also enjoy price protection service, purchase assurance, and extended warranty benefits.

Use Great Canadian Rebates to apply for the Aspire Travel World Elite MasterCard now through August 31st and qualify for the $250 cash back boost promotion.

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