Capital One Spark Miles for Business Review

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Good for Business Travelers Capital One Spark Miles for Business
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Capital One Spark Miles for Business
Editor’s Score: (4.0/5)
Learn more externa link icon At our partner’s secure site.
Good for Business Travelers Capital One Spark Miles for Business
Editor’s Score: (4.0/5)
  • Intro offer:
    50,000 miles
  • Annual fee:
    $0 intro for first year; $95 after that
  • Regular APR:
    21.24% (Variable)
  • Recommended credit score:
    670-850 (Good to Excellent)
Rewards rate:

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.

NextAdvisor’s Take

Pros
  • Flat 2x miles on every purchase
  • Valuable welcome bonus worth $500 toward travel
  • No foreign transaction fees
Cons
  • High variable APR
  • No introductory APR
  • Fewer travel transfer partners than other rewards programs
The Bottom Line
Capital One Spark Miles for Business* offers a simple rewards structure with plenty of flexibility for business travelers. It even ranks among our top picks for business credit cards in 2022. You’ll earn a flat 2x miles per dollar on every purchase, plus a 50,000-mile welcome bonus after you spend $4,500 within three months of account opening.

Additional Card Details

  • Up to $100 fee credit toward Global Entry or TSA PreCheck
  • Redeem rewards to cover previous travel purchases or transfer miles to airline or hotel partners
  • Travel and purchase protections
  • Free additional employee cards
  • Year-end summaries and purchase records for business accounting
  • 21.24% variable APR
  • $95 annual fee, waived the first year

Capital One Spark Business Miles Full Review

Card Type

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. 

Annual Fee

The card has a $0 introductory annual fee for the first year. However, it is $95 annually after that.

Welcome Offer

You can earn 50,000 bonus miles after spending $4,500 within three months of account opening.

Rewards

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.

Fees 

This card has a 20.99% 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 29.4%.

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

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Capital One Spark Miles for Business

Capital One Spark Miles for Business

Editor’s Score: (4.0/5)
  • Intro offer:
    50,000 miles
  • Annual fee:
    $0 intro for first year; $95 after that
  • Regular APR:
    21.24% (Variable)
  • Recommended credit:
    670-850 (Good to Excellent)
  • Learn more externa link icon At our partner’s secure site
Learn More externa link icon
Ink Business Preferred® Credit Card

Ink Business Preferred® Credit Card

Editor’s Score: (4.1/5)
  • Intro offer:
    100,000 points
  • Annual fee:
    $95
  • Regular APR:
    16.24% to 21.24% Variable
  • Recommended credit:
    670-850 (Good to Excellent)
  • Apply Now externa link icon At Chase’s secure site
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Capital One Spark Cash for Business

Capital One Spark Cash for Business

Editor’s Score: (4.0/5)
  • Intro offer:
    $500
  • Annual fee:
    $0 intro for first year; $95 after that
  • Regular APR:
    20.99% (Variable)
  • Recommended credit:
    670-850 (Good to Excellent)
  • Learn more externa link icon At our partner’s secure site

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.

Pro Tip

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.

EDITORIAL INDEPENDENCE

As with all of our credit card reviews, our analysis is not influenced by any partnerships or advertising relationships.

*All information about the Capital One Spark Miles for Business, Ink Business Preferred Credit Card 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.