Capital One Spark Miles Select Review: Earn Travel Rewards on Everyday Business Expenses for No Annual Fee

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Capital One® Spark® Miles Select for Business Capital One® Spark® Miles Select for Business
Editor’s Score: (N/A)
Learn more externa link icon At our partner’s secure site
Capital One® Spark® Miles Select for Business
Editor’s Score: (N/A)
  • Intro bonus:
    20,000 miles
  • Annual fee:
    $0
  • Regular APR:
    13.99% – 23.99% (Variable)
  • Recommended credit score:
    670-850 (Good to Excellent)
Rewards rate:

Earn unlimited 1.5X miles per dollar on every purchase, everywhere, no limits or category restrictions, and miles won’t expire for the life of the account. Earn 5X miles on hotel and rental car bookings through Capital One Travel℠ using a Spark Miles Select card.

NextAdvisor’s Take

Pros
  • Earn unlimited flat 1.5x miles for each dollar spent
  • Flexible rewards redemptions
  • Introductory APR offer for purchases
  • No annual fee
  • No foreign transaction fees
Cons
  • High APR after introductory period
  • Introductory APR offer does not apply to balance transfers
  • Some rewards cards offer higher flat-rate rewards
  • Few added cardholder benefits
The Bottom Line
With the no annual fee Capital One Spark Miles Select, you’ll earn flat-rate rewards on every purchase to redeem toward future travel. A solid welcome bonus and introductory APR offer for purchases makes this card an even better deal for small business owners.

Additional Card Details

  • 0% APR on purchases for 9 months, followed by a variable APR of 13.99% to 23.99%
  • Redeem rewards toward travel purchases made with your card or transfer to Capital One travel partners
  • Download purchase records to Quickbooks, Quicken, or Excel
  • Year-end spending summaries
  • Pick your own due date
  • Free employee cards
  • Roadside assistance included
  • Extended warranty coverage on eligible purchases

Capital One Spark Miles Select Full Review

Card Type

The Capital One Spark Miles Select Credit Card is a flexible travel credit card for business owners. To qualify, you must be a business owner or have some sort of self-employment income.

Annual Fee

One major benefit of the Capital One Spark Miles Select Credit Card is its lack of an annual fee. Capital One’s other business travel card option, the Capital One Spark Miles Credit Card, features a higher 2x rewards rate in exchange for a $95 annual fee after the first year. 

Welcome Offer

You can earn 20,000 bonus miles when you spend $3,000 on purchases within three months of account opening, or about $1,000 in business expenses each month. This bonus is worth $200 toward travel — or potentially more if you transfer to airline and hotel partners.

Introductory Offer

The Capital One Spark Miles Select Credit Card offers a 9-month 0% introductory period on purchases for new cardholders. After that, you’ll pay a variable APR of 13.99% to 23.99% for any balances on the card.

Rewards

With Capital One Spark Miles Select, you can earn a flat 1.5x miles for each dollar you spend. That’s not the highest flat rewards rate available — for personal or business credit cards — but flat rewards can be lucrative if your business expenses don’t fall under typical categories. 

Fees

The Capital One Spark Miles Select Credit Card charges no annual fee, and it doesn’t charge any foreign transaction fees if you use it for purchases abroad. 

You will take on a 3% (minimum $10) cash advance fee if you use your credit card to get cash from an ATM. A $39 late fee can also apply if you pay your credit card bill beyond the due date. There’s no transfer fee, but since this card offers no 0% intro period on balance transfers, it’s not a good option for debt payoff.

Other Benefits

You won’t get a ton of benefits with the Capital One Spark Miles Select Credit Card, but there are some perks for business owners worth noting. For example, you can download purchase records to Quickbooks, Quicken, or Excel, as well as year-end summaries of your spending, which can be helpful for accounting purposes. You can also get free cards for your employees, and you can even pick your own due date.

Additional cardholder perks include roadside assistance and extended warranties on eligible items that come with a manufacturer’s warranty.

Benefits of Capital One Spark Miles Select

The main benefit of the Capital One Spark Miles Select Credit Card is its flexible travel rewards for no annual fee. 

The miles you earn with this card can be used in more than one way, including for statement credits to cover airfare, hotel stays, and other travel expenses charged to your card. You’ll also have the option to transfer your miles to Capital One airline and hotel partners, which include Air France/Flying Blue, British Airways, JetBlue, and Wyndham Rewards, among others. 

If you have a large upcoming business expense — such as an investment in equipment or inventory you need to operate — you can also benefit from the Spark Miles Select’s 0% intro APR on purchases for 9 months.

Drawbacks of Capital One Spark Miles Select

Capital One Spark Miles Select is a solid option for travel rewards — especially for no annual fee. But it’s not the most lucrative option available. You won’t get many added benefits, and there are other options from Capital One that offer the same type of rewards with a better earning rate. For example, the paid version of this card, Capital One Spark Miles Credit Card, offers a flat rate of 2x miles for each dollar you spend and a much larger welcome bonus. However, a $95 annual fee applies after the first year.

How to Use Capital One Spark Miles Select 

Start maximizing your card after approval by working toward the 20,000-mile welcome bonus. You’ll need to spend at least $3,000 within the first three months of account opening to qualify, or about $1,000 per month. 

Since the Capital One Spark Miles Select Credit Card offers a flat rewards rate for each dollar you spend, you won’t have to work hard to maximize its benefits over time. Just use your card for all your business-related spending and bills, and you’ll automatically rack up miles you can use for travel.

If you want to earn more miles on your business expenses, you do have the option to request employee cards. These additional cards are free, and you can set spending limits for each employee. 

If you do carry a balance on your card during the 9-month introductory 0% APR period, make sure you have a plan to pay your balance off before the intro period ends. If you don’t, you’ll wind up paying down your balance at the regular variable APR, which can be much more costly than any rewards you earn.

Capital One Spark Miles Select Card Compared to Other Cards

  • Intro bonus:
    20,000 miles
  • Annual fee:
    $0
  • Regular APR:
    13.99% – 23.99% (Variable)
  • Recommended credit:
    670-850 (Good to Excellent)
  • Learn more externa link icon at our partner’s secure site.
  • 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.
  • 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.

Is the Capital One Spark Miles Select Right for You?

If you’re a business owner who wants to earn flexible travel rewards and your business expenses don’t fall into specific categories, the Capital One Spark Miles Select Credit Card could be for you. A flat rate of 1.5x miles for each dollar you spend means you don’t have to deal with bonus categories or rewards caps, and can maximize rewards with your card without strategizing where you spend.

Pro Tip

If you want a business credit card from Capital One but your credit isn’t great, consider the Capital One Spark Classic. This card is available for business owners with fair credit, and earns 1% back in cash rewards.

With that being said, always make sure you evaluate your business spending and the redemption options that will bring the most value to your business before you apply. Compare other business credit cards — including other Capital One Spark credit cards — to make sure you find the right fit. 

Frequently Asked Questions (FAQ)

What are Capital One Spark miles worth?

Capital One Spark miles are worth one cent each when redeemed for statement credits to cover travel expenses.

What credit score do you need for the Capital One Spark Miles Select?

You need excellent credit for the best chances of approval for this card, According to Capital One, you are also more likely to be approved if the following criteria is true for you: “I’ve never declared bankruptcy or defaulted on a loan; I haven’t been more than 60 days late on any credit card, medical bill, or loan in the last year; I’ve had a loan or credit card for 3 years or more with a credit limit above $5,000.”

What does 20,000 miles get you with the Capital One Spark Miles Select?

You can redeem 20,000 miles with the Capital One Spark Miles Select for credit toward $200 in travel expenses charged to your card. You can also transfer your miles to Capital One airline and hotel partners, although transfer ratios vary.

Does the Capital One Spark Miles Select charge foreign transaction fees?

The Capital One Spark Miles Select does not charge foreign transaction fees.