Past performance is not indicative of future results. The site does not review or include all companies or all available products. This credit card is great for business owners with unpredictable expenses, most business cards cant help you maximize your purchases since the bonus categories are so rigid. Benilyn has over a decade of experience as a banking officer. enough, you can access the welcome offer: Earn a one-time bonus of 50,000 miles equal to $500 in travel once you spend $4,500 on purchases within the first 3 months from account opening. Editorial Disclosure:The content featured on UpgradedPoints.com has not been influenced, provided, or reviewed by the credit card companies mentioned. The Capital One Spark Miles for Business card is the clear winner in this category because you don't have to pay an annual fee during your first year as an account holder. The Spark Miles Select card has no annual fee and also comes with a competitive sign-up bonus - 20,000 miles if you spend $3,000 in the first three months. All ratings are determined solely by our editorial team. Capital One Spark Miles for Business * $0 intro for the first year; $95 after that 50,000 bonus miles after spending $4,500 on purchases within the first 3 months of account opening The Blue Business Plus Credit Card from American Express, Earn15,000Membership Rewards points after you spend$3,000 in eligible purchases on the Card within your first3 months of Card Membership. And unlike some other cards, the Capital One Spark Miles for Business doesnt deter you from spending a lot. You can also redeem your rewards as cash back in the form of a statement credit or check by mail or redeem them as gift cards for restaurants, retailers, or hotels. If youll be using the overnight address, please take note that this wont get delivered straight to a payment processing center and may not get processed the next day. That means you could earn up to an unlimited 2.62 points per $1 spent on all purchases and up to 5.25 points per $1 spent at the Bank of America Travel Center. It offers flexible travel rewards that can either be redeemed as cash toward the cost of a travel purchase, or can be transferred to an airline or hotel partner. airline and hotel loyalty programs, including, and Accor Hotels, to let you transfer your Capital One miles. Capital One airport lounge visits also come with a retail value of $65 each, so that added perk is worth $130 per year if you can use it. OK92033) Property & Casualty Licenses, NerdWallet | 55 Hawthorne St. - 11th Floor, San Francisco, CA 94105. For example, rewards can increase by 25% to 75% depending on your relationship tier with Bank of America. Our Capital One Spark 2X Miles review can show you how. 0% Introductory APR on purchases for your first 9 billing cycles. The information provided is for informational purposes only and should not be considered financial, tax or legal advice. If you're looking for a business credit card that lets you earn flexible rewards with no annual fee the first year, the Capital One Spark Miles for Business could be for you. The card alsocomes with some helpful protections, including car rental collision coverage and extended warranties on eligible items. The Capital One Spark Miles for Business comes with a lucrative new cardmember offer: Earn a one-time bonus of 50,000 miles equal to $500 in travel once you spend $4,500 on purchases within the first 3 months from account opening. Earn rewards faster with employee cards at no additional cost. The Capital One Spark Miles Select comes with a 0% introductory APR for 9 months, followed by a 18.24% - 28.24% variable APR APR thereafter. Doubles the original warranty time period and duplicates the coverage of the original manufacturers warranty up to a maximum of 12 months on most items you purchase. Terms apply. NerdWallet strives to keep its information accurate and up to date. The Capital One Spark Miles for Business will give you 50,000 miles when you spend $4,500 within the first three months. The Capital One Spark Miles for Business doesn't charge any foreign transaction fees when you use it for purchases abroad. When grading fixed-rate travel rewards small business credit cards like the Capital One Spark Miles Select for Business, we give the most weight to ongoing rewards and rate introductory rewards as the second-biggest factor. Final. If the Olympics had a travel card category, the would be standing on the podium. First, the Spark Miles Select. Earning rate: 3X points on the first $150,000 spent each year on travel, shipping, internet, cable, or phone services, and advertising purchases with social media and search engines; and 1X points per $1 on everything else However, the credit card information that we publish has been written by experts who know these products inside out, and what we recommend is what we would (or already) use ourselves. LinkedIn The Capital One Spark Miles for Business makes it easy for business owners to earn and redeem travel rewards while also enjoying a range of other valuable perks. The Capital One Spark Miles for Business comes with a lucrative new cardmember offer: Earn a one-time bonus of 50,000 miles - equal to $500 in travel - once you spend $4,500 on purchases within the first 3 months from account opening. Read more. Capital One Spark Miles review: Rewards that are easy to earn, redeem. To qualify, you must be a business owner or have some sort of self-employment. Please see our card rating methodology here. You earn two miles per dollar spent on the card, and the $95 annual fee is waived for the first year. In addition to a streamlined earnings program, the Capital One Spark Miles Select comes with some perks typically reserved for cards with an annual fee. The Capital One Spark Miles for Business is great for the business owners looking for straightforward 2x earning with no blackout dates, no seat restrictions, and no minimum when redeeming your miles. While cardholders earn 2 Miles per $1 on every purchase, everywhere spent with the card, the value of these miles can vary depending on how you redeem them. Read a full review of the Capital One Spark Miles for Business. 2x miles on other purchases. The Capital One Venture Rewards Credit Card is worth considering if you want a rewards credit card for personal expenses instead of a business credit card. Redemptions are simple, and the card comes with an attractive welcome bonus and plenty of money-saving extras. The Capital One Spark Miles for Business credit card is one of CNN Underscored's best credit cards of 2020, and the Capital One Spark Cash for Business isn't far behind. Coverage is limited to 90 days from purchase, up to $300 per item, and up to a maximum of $1,000 per year. You can also report a lost Capital One Spark Miles for Business credit card through the Capital One website. Simply put, theres no downside to having some time for interest-free spending. This flight is available for 13,000 British Airways Avios and $5.60. Check out our guides to the top small business credit cards and the best Capital One credit cards. Many of the credit card offers that appear on this site are from credit card companies from which we receive financial compensation. Contactless Cards - The security of a chip card, with the convenience of a tap. I have a capital one spark business card. When you travel for business, time is money. Learn more: Capital One Spark Miles review: Rewards that are easy to earn, redeem. For more information on our advertisers, see here. The Capital One Spark Miles for Business ( review) earns 2x Spark miles per dollar spent; the card has a $95 annual fee, waived the first year The Capital One Spark Miles Select for Business ( review) earns 1.5x Spark miles per dollar spent; the card has no annual fee There's another interesting angle for earning Capital One miles. *, PAY OVER TIME OPTION: Decide whether you want to pay eligible purchases in full each monthor pay over time with interest. You can use the card to pay cash for travel, then redeem miles for a statement credit against the travel purchase at a rate of 1 cent per mile. Alex has been traveling for over 25 years and from a young age was lucky enough to set out on numerous family trips all over the world, which gave him the travel bug. Here is a list of our partners and here's how we make money. So you can charge a $300 plane ticket to your card then get that $300 charge reversed by cashing in 30,000 miles. All you have to do to redeem your Capital One Spark Business rewards is sign up for an account on capitalone.com or via their mobile app, log in, click your rewards balance, and choose your redemption option. Also, some of these airlines belong to airline alliances (such as the Star Alliance), allowing you to book flights outside their flight networks via their partner airlines. The Ink Business Preferred Credit Card is a superior travel rewards card that offers a better sign-up bonus and more valuable rewards and travel benefits than the Capital One Spark Miles card. Attn: Payment Processing You earn 2x miles on purchases and redeem your miles for travel statement credits or transfer to participating airlines and hotels. Capital One Spark Miles for Business Compare Credit Cards Current Offer Earn 50,000 miles after spending $4,500 in the first 3 months Annual Fee $95 (waived first year) Rewards Rate 5X miles on rental cars and hotels booked through Capital One Travel, and 2X miles on every purchase, every day Benefits and Drawbacks Card Details The sign-up bonus is only worth $925 according to TPG valuations (not provided by the issuer), which falls short against some of the top business travel cards. Click here to see a list of advertisers that we work with. The Capital One Spark Miles for Business value can be excellent for small businesses who want flexible rewards especially the first year. 0% introductory APR for 12 months on purchases, Chase Ink Business Unlimited is a cash back business credit card best suited for those wanting to earn fixed-rate rewards and have other existing, Lets you earn 1.5% cash back rewards on all business-related purchases and a welcome bonus of $750 cash back after spending $7,500 on purchases within the first three months after opening an account, Offers an interest-free financing option on purchases for the first 12 months after account opening, Welcome Offer: Earn 70,000 Membership Rewards points after you spend $10,000 on eligible purchases with the Business Gold Card within the first 3 months of Card Membership. Were credit cards racecars, the wouldnt be out front. Capital One has more than 15 partners, such as Air Canada, British Airways, Qantas, Singapore Airlines, and Turkish Airlines. Set individual spending limits for greater control. Earn 3 points per every dollar spent on travel purchases (car, hotel, airline) booked through the Bank of America Travel Center. The content featured on UpgradedPoints.com has not been influenced, provided, or reviewed by the credit card companies mentioned. They'll earn unlimited 2 miles per dollar spent on every purchase. (Up to $100). The 50,000-mile sign-up bonus on the Spark Miles card is certainly tempting, but it comes with a $95 annual fee. Editorial Note: Opinions expressed here are the authors alone, not those of any bank, credit card issuer, airlines or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities. Capital One Spark Miles Review: Rewards That Are Easy to Earn, Redeem Earn 2 miles per dollar spent on most everything, with no bonus categories, no limits on how much you can earn and no. The Capital One Spark Miles for Business Credit Card is ideal for frequent business travelers who want to earn unlimited bonus miles that never expire and pay no fees for overseas transactions. If youre looking to get the most flexibility from your rewards program, cash is generally better. They do have two important differences, however. The card has the ability to earn up to 5x Capital One miles: 5x miles on hotels and rental cars booked through Capital One Travel. New offer: Earn 50,000 bonus miles when you spend $5,000 in the first three months and earn 150,000 bonus miles when you spend $50,000 in the first six months . Commissions do not affect our editors' opinions or evaluations. While business owners with a Preferred Rewards relationship with Bank of America may benefit more from the Business Advantage card, the redemption ease of the Capital One Spark Miles Select may make it a more attractive option to other customers, as you can cash in your Spark Miles in any amount at any time. However, it also comes with no preset spending limit and adapts to your needs based on spending behavior, payment history and credit profile. Please try again later. Savvy traveler tip: The Capital One Spark Miles for Business only gives you $0.005 per mile redeemed for cash back. This one-way flight on Dec. 15, 2022, from Los Angeles to Honolulu is operated by American Airlines. Email needed if you'd like comment updates. Earn unlimited 2X miles per dollar on every purchase, everywhere, no limits or category restrictions, and miles won't expire for the life of the account Unlimited 5X miles on hotels and rental cars booked through Capital One Travel Transfer your miles to 15+ travel loyalty programs Earn unlimited and non-expiring 2x miles on every single purchase you make. For business owners who want a straightforward cash back card, the Capital One Spark Cash Plus is the better choice. Earn a 50,000 miles welcome bonus (worth $500 in travel) after you spend $4,500 within the first 3 months of account opening. Any and all options, reviews, comments and analyses are the responsibility of the author(s) and not any Advertiser or credit card issuer. Is the Capital One Spark Miles for Business Worth Its Annual Fee? The Capital One Spark Miles for Business earns the most travel rewards of the six flat-rate Spark business rewards cards. If you want to find other options, proceed to our recommended alternatives below to find cards that may be more suitable for your businesss needs. makes it easy for business owners to earn and redeem travel rewards while also enjoying a range of other valuable perks. Your rewards may be worth more in free travel when you transfer your miles to a partners loyalty program. These two cards are virtually identical except for the type of rewards they earn. Cardholders can also earn an annual rewards bonus of $200 when they spend $200,000 on their card within a year or more. Youll earn 1.5 miles per dollar on every purchase, whether its on inventory, office supplies or entertaining a client, while rental car and hotel bookings through the Capital One Travel Center will net you 5 points per dollar. So its a shame to waste it in long airport security lines. The rating for this card has been determined by our own industry experts who are immersed in the credit card world. The Business Platinum Card from American Express isn't cheap: Its $695 annual fee far exceeds that of the Capital One Spark Miles for Business card ($0 intro for the first year, then $95). Earn unlimited 1.5 points for every $1 spent on all purchases everywhere, every time-no matter how much you spend. Even so, it never hurts to check out other business credit cards so you know for sure. The card's unique rewards structure favors businesses that spend a lot on travel and certain business purchases. Coverage is limited to $10,000 per claim and $50,000 per cardholder account per 12-month period. Looking for a small business credit card? This bonus is about average among business credit cards for travel. To find out more about these additional features, review your guide to benefits when you receive your card in the mail. (Photo by Eric Helgas for The Points Guy) The Spark Miles has no foreign transaction fees, and the $95 annual fee is waived for the first year. You can take advantage of this offer when you apply now. Chip Lupo, Credit Card Writer. After those first nine months, your APR will set in at a variable rate that will depend on your creditworthiness. Capital One is making a big push to be the go-to choice for aspiring entrepreneurs by issuing some of the best small business cards. Card Snapshot Welcome Bonus & Info (Partner Content) One major benefit of the Capital One Spark Miles for Business is the fact you earn 2 Miles per $1 on every purchase, everywhere, although you do earn a higher rate of 5X miles on hotels and rental cars booked through Capital One. You'll pay $95 to. We may make money when you click on links to our partners. Earn unlimited 2% cash back for your business on every purchase, everywhere, no limits or category restrictions. Your financial situation is unique and the products and services we review may not be right for your circumstances. In addition to a straightforward rewards system, the Capital One Spark Miles Select comes with valuable extras like a nice welcome bonus and an introductory 0% APR offer on purchases. However, this option can still be very fruitful if you're able to use your rewards to book a high-value redemption, such as a night in a pricey resort or international flights in a premium cabin. If either of these is the case, it could be worth considering a different card. Get unlimited 1.5 miles on every purchase with your business credit card with no blackouts or seat restrictions, and no minimum to redeem. Capital One Spark Miles for Business. Coverage is limited to $1,000 per incident. You want a travel credit card that prioritizes whats important to you. Dustin Waller is a YouTuber and enjoys talking about credit cards with anyone who will listen. Bank of America doesnt disclose details of its additional card features. Attn: Payment Processing This means the Capital One Spark Miles for Business earns the equivalent of 2% back for travel on everything you buy. The card has $0 in annual fees and is designed for businesses building up credit. The only Capital One small business card that (directly) earns Capital One Miles is the Capital One Spark Miles for Business. Earn a one-time bonus of 20,000 miles once you spend $3,000 on purchases within the first 3 months from account opening. He loves to see new parts of the world with his wife and son. Many of the credit card offers that appear on the website are from credit card companies from which ThePointsGuy.com receives compensation. So its a shame to waste it in long airport security lines. Editorial Note: The content of this article is based on the authors opinions and recommendations alone. Owners of smaller businesses who wont charge a lot of on the card should look into cards with lower or no annual fees, like the Bank of America Business Advantage Travel Rewards World Mastercard credit card. To help support our reporting work, and to continue our ability to provide this content for free to our readers, we receive compensation from the companies that advertise on the Forbes Advisor site. All financial products, shopping products and services are presented without warranty. And unlike some other cards, the, American Express Blue Business Cash Card. There is no need to worry about complicated award charts or blackout dates found with other rewards programs. Business owners seeking a card with no annual fee and easy-to-manage travel rewards have good reason to be fired up about the Capital One Spark Miles Select for Business. You can also use miles to book travel through Capital One, which can include flights, hotels and rental cars. These estimates here are ValuePenguin's alone, not those of the card issuer, and have not been reviewed, approved or otherwise endorsed by the credit card issuer. The Capital One Spark Miles business card only offers lounge access to Capital One lounges twice a year, which is currently only available at the Dallas-Fort Worth airport and not at Newark. Transfers can be a good option if you're shy a few miles or points for booking an award in another program, but some transfers are better than others. up to $100 every four years. Redeem rewards for cash back, gift cards, travel and more through Chase Ultimate Rewards. Here are the key features of the Capital One Spark Miles for Business. Advertiser Disclosure: Many of the credit card offers that appear on this site are from credit card companies from which we receive compensation. If you do a lot of international travel, the Capital One Spark Miles for Businesss no foreign transaction fee feature is like money in the bank. 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