Capital One Spark Business Miles Full Review
The Capital One Spark Business Miles Card is a business credit card. You don’t have to be a traditional business owner to get approved; you can qualify for a business credit card as a sole proprietor or freelancer.
The card has a $0 introductory annual fee for the first year. However, it is $95 annually after that.
You can earn 50,000 bonus miles after spending $4,500 within three months of account opening.
Earn 2x miles on each dollar you spend with the Capital One Spark Miles. You can redeem rewards to cover previous travel purchases on your statement, book travel through the Capital One travel portal, transfer miles to Capital One travel partners, or redeem for cash.
This card has a 25.24% (Variable) APR and you’ll pay a $95 annual fee, though it’s waived the first year. If you make a late payment, you may incur a late payment fee up to $39 and a penalty APR up to 33.65% (Variable).
How to Use the Capital One Spark Miles for Business
Start gaining value from your Spark Miles card by spending at least $4,500 within three months of account opening to earn the 50,000-mile bonus, which is worth $500 in travel redemptions alone. Also use your card to pay for Global Entry or TSA PreCheck membership, and get the credit for that fee when you renew every four years.
Since this card offers a flat 2x miles for each dollar you spend, you can maximize your rewards by making this your go-to card for regular business expenses. You’ll also earn 5x miles per dollar spent on hotel and car rentals booked through Capital One Travel. Just make sure you pay your credit card bill in full each month to avoid racking up interest at the high variable rate this card charges.
When you’re ready to redeem miles, take advantage of the different redemption options available.
You can use Capital One’s Purchase Eraser to redeem any travel purchases posted to your account within 90 days at a rate of one cent per mile. In other words, purchase travel anywhere — directly from hotel or airline brands, aggregator sites, or elsewhere — then use your miles to “erase” all or part of the charge from your account.
Transfer partners from Capital One can also help you get more value from your miles, though your specific redemption value will depend on when you book and your specific route. These are Capital One’s current travel loyalty partners:
- Accor Live Limitless
- Aeromexico Club Premier
- Air Canada Aeroplan
- Air France-KLM Flying Blue
- Asia Miles
- Avianca LifeMiles
- British Airways Avios
- Emirates Skywards
- Etihad Airways Guest
- EVA Infinity MileageLands
- Finnair Plus
- Qantas Frequent Flyer
- Singapore Airlines KrisFlyer
- TAP Air Portugal Miles&Go
- Turkish Airlines Miles&Smiles
Capital One Spark Miles for Business Compared to Other Cards
Is Capital One Spark Business Miles Right for You?
This card is a great option for business owners looking to earn miles on everyday expenses they can redeem for travel later.
Spark Miles’ flat 2x rewards rate is helpful for business owners or freelancers whose spending isn’t focused in distinct categories (like office supplies or advertising). It’s also a good choice if travel isn’t your biggest business expense, and you’d rather rack up rewards on everyday expenses to save on future business travel.
In addition to 2x miles on every purchase, you’ll get 5x miles when you book hotels or car rentals through Capital One Travel using your Spark Miles card.
*All information about the Capital One Spark Miles for Business and Capital One Spark Cash for Business has been collected independently by NextAdvisor and has not been reviewed by the issuer.
Frequently Asked Questions
What are Capital One Spark Miles worth?
Your Capital One miles are worth one cent each when you redeem them for travel purchases using Purchase Eraser.
How do I redeem my Capital One Spark Miles?
You can redeem your Capital One miles toward travel purchases made with your card, transfer them to airline and hotel partners, or redeem for cash and gift cards. Log into your Capital One account to view all options available to you and to redeem any miles you’ve earned.
What credit score do you need for the Capital One Spark?
The Capital One Spark Miles for Business is available for individuals with excellent credit. For the best chances of approval, you should secure a credit score of 740 or higher before applying.