Capital One Spark Miles for Business Review

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Capital One Spark Miles for Business
Good for Business Travelers

Capital One Spark Miles for Business

Learn more externa link icon at our partner’s secure site
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.

  • Intro bonus: 50,000 miles
  • Annual fee: $0 intro for first year; $95 after that
  • Regular APR: 20.99% (Variable)
  • Recommended credit score: 670-850 (Good to Excellent)

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 2021. You’ll earn flat 2x miles on every purchase, plus a 50,000-mile welcome bonus after you spend $4,500 within three months of account opening. And when you’re ready to redeem miles for future business travel, you’ll have plenty of options to ensure you’re getting the best value.

At a Glance

  • Earn 2x miles on each dollar you spend
  • Earn 50,000 bonus miles after spending $4,500 within three months of account opening
  • 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
  • 20.99% variable APR
  • $95 annual fee, waived the first year 

Pros

  • Flat 2x miles on every purchase

  • Valuable welcome bonus worth $500 toward travel

  • Annual fee waived the first year

  • No foreign transaction fees

Cons

  • High variable APR

  • No introductory APR

  • Fewer travel transfer partners than other rewards programs

Additional Card Details

Capital One Spark Miles for Business offers a few more benefits to help you save when business requires you to travel. You can earn up to $100 in fee credits toward Global Entry or TSA PreCheck membership every four years. You’ll also get purchase and travel protections, including roadside assistance and extended warranties on eligible items, and pay no foreign transaction fees when you travel abroad. 

Spark Miles comes with non-travel perks your small business may benefit from, too. You can open additional employee cards for free, set spending limits, and view employees’ transactions. Capital One also offers year-end summaries and purchase records compatible with programs like QuickBooks to simplify your business accounting.

Should You Get this Card?

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.

This is also a solid option even if your business travel is suspended due to the pandemic. Not only can you use Capital One’s Purchase Eraser to redeem your miles for past travel purchases, but through April 2021, you can also put your miles toward restaurant spending, streaming services, and wireless telephone services.

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 transfer partners:

  • Aeromexico Club Premier
  • Air Canada Aeroplan
  • Air France-KLM Flying Blue
  • Alitalia MilleMiglia
  • Avianca LifeMiles
  • Cathay Pacific Asia Miles
  • Emirates Skywards
  • Etihad Guest
  • EVA Infinity MileageLands
  • Finnair Plus
  • JetBlue TrueBlue
  • Qantas Frequent Flyer
  • Singapore KrisFlyer
  • Accor Live Limitless
  • Wyndham Rewards

Capital One Spark Miles for Business Compared to Other Cards

Capital One Spark Miles for Business

Capital One Spark Miles for Business

  • Intro bonus:
    50,000 miles
  • 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
Ink Business Preferred® Credit Card

Ink Business Preferred® Credit Card

  • Intro bonus:
    100,000 points
  • Annual fee:
    $95
  • Regular APR:
    15.99% to 20.99% Variable
  • Recommended credit:
    670-850 (Good to Excellent)
  • Learn more externa link icon at our partner’s secure site
Capital One Spark Cash for Business

Capital One Spark Cash for Business

  • Intro bonus:
    $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

Bottom Line

EDITORIAL INDEPENDENCE

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

Capital One Spark Miles for Business is a great business card option for business owners or sole proprietors who want to earn rewards on everyday expenses they can put toward future travel. A generous welcome bonus, 2x miles on everything you buy, and first-year waived annual fee all combine into a great value add for any small business with variable expenses.

*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.