(Capital One lacks a partnership with a major U.S. airline, for one thing.) 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. Terms apply to offers below. Capital One miles are worth a minimum of one cent each toward a travel purchase, though personally I value Capital One miles at 1.7 cents each. This is equal to $500 in travel. If you do a lot of international travel, the. Capital One Spark Miles for Business. Also be aware that some other business cards with similar annual fees offer much higher bonuses, albeit with a much higher spending requirement. There is no fee to get a Capital One Spark Miles for Business replacement card, which should arrive within 4-6 business days. The Capital One Spark Miles credit card offers many perks that small business owners can use. Note, however, that the 0% APR does not apply to balance transfers; if that is a must-have feature, youll have to look elsewhere. Card Snapshot. 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. However, this does not influence our evaluations. If you are a small business owner looking to earn a flat rate of miles on every purchase you make, the Capital One Spark Miles for Business offers a generous rate that makes it easy to stockpile rewards. This benefit is renewable every four years. 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. The 50,000-mile sign-up bonus on the Spark Miles card is certainly tempting, but it comes with a $95 annual fee. The Capital One Spark Miles for Business value can be excellent for small businesses who want flexible rewards especially the first year. Commissions do not affect our editors' opinions or evaluations. We also take into consideration the annual fee, introductory and ongoing annual percentage rates (APRs), and additional features. OFFER ENDING SOON: Earn $900 bonus cash back after you spend $6,000 on purchases in the first 3 months from account opening. With Zero Liability you won't be held responsible for unauthorized charges made with your card or account information. For Capital One products listed on this page, some of the above benefits are provided by Visa or Mastercard and may vary by product. Thankfully, the Capital One Spark Miles Selects program is markedly streamlined. $150 annual fee Free employee cards, which also earn unlimited 2% cash back on all. For business owners who want a straightforward cash back card, the Capital One Spark Cash Plus is the better choice. Just use the card to pay the application fee and youll be reimbursed. 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. After the intro APR offer ends, a Variable APR that's currently 16.49% to 26.49% will apply. The card's unique rewards structure favors businesses that spend a lot on travel and certain business purchases. Cardholders also earn flexible rewards that can be used for travel statement credits, transfers to airline and hotel partners, and more. Decent sign-up bonus Annual Fee$0 intro for first year; $95 after that. The $95 annual fee is waived for the first year. 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 Our opinions are our own. Points don't expire. We may make money when you click on links to our partners. Your miles can be redeemed for travel statement credits, booking upcoming travel, or transferring to the Capital One airline partners. 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Follow her on Twitter at @robinsaks. Redemptions are simple, and the card comes with an attractive welcome bonus and plenty of money-saving extras. Click here to see a list of advertisers that we work with. 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. This site may be compensated through a credit card issuer partnership. So its a shame to waste it in long airport security lines. The Capital One Spark Miles for Business is a solid travel rewards credit card that lets you glean extra value by transferring miles to a hotel or airline loyalty program. The card comes with an annual fee of $0 intro for first year; $95 after that, so you have a full 12 months to try out this card's benefits and rewards before you commit. Contactless Cards - The security of a chip card, with the convenience of a tap. Here is a list of current Capital One transfer partners and transfer ratios: Applicants need 660 - 850 credit to qualify for this business credit card. Attn: Payment Processing This card is best for business owners who don't want to deal with rewards bonus categories, as well as those who want the option to redeem their miles for travel. For more information on our advertisers, see here. The Spark Miles Select Card offers 20,000 Spark miles after spending $3,000 within three months. Employee cards are free and also earn 2x on all spending. Terms apply to American Express credit card offers. Here are our picks for the. Here are some of the Capital One Spark Miles for Business card benefits that could make it worth the annual fee for your business. 2023 Upgraded Points, LLC. No annual fee and no international transaction fees. Editorial Note: The content of this article is based on the authors opinions and recommendations alone. 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. Cardholders receive an unlimited 5 miles per dollar spent on hotels and rental cars booked . Check out our guides to the top small business credit cards and the best Capital One credit cards. No caps on miles earning makes this card more valuable for businesses that charge well over $50,000 every year. High-spending business owners might find it easier to re-coup the annual fee in award travel. These include: The Capital One Spark Miles Select has a near-identical sibling: the Capital One Spark Miles for Business. 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. You can also use miles to book travel through Capital One, which can include flights, hotels and rental cars. The Capital One Spark Miles for Business gives you more control over how you redeem your rewards by offering several ways to use miles. 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. Were credit cards racecars, the wouldnt be out front. For your first nine months with the Capital One Spark Miles Select for Business, your APR will be an even 0% as long as you make your minimum monthly payments on times every month. If you use your new Capital One Spark Miles for Business 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. LinkedIn For business people who travel abroad regularly, the up to 3% fees other cards tack on to foreign purchases can add up. But the benefits are pretty lackluster for a credit card with an annual . This bonus is about average among business credit cards for travel. 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. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Disclaimer:Upgraded Points, LLC and its website, UpgradedPoints.com, provides information on credit cards, reward programs, travel information and ancillary information concerning travel and credit cards. The Capital One Spark Miles for Business earns the most travel rewards of the six flat-rate Spark business rewards cards. We believe everyone should be able to make financial decisions with confidence. Benilyn Formoso-Suralta is a staff writer at Fit Small Business focusing on finance, accounting, and Small Business Loans. NerdWallets best no-annual-fee travel credit cards. Upon approval, youll receive your new Capital One Spark Miles card in the mail within 7 to 10 business days. 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, Transfer your miles to 15+ travel loyalty programs, Redeem your miles instantly for any travel-related purchases, from flights and hotels to ride-sharing services, Fly through security with one statement credit for either the $85 TSA PreCheck application fee or the $100 Global Entry application fee, $0 intro annual fee for the first year; $95 after that, Free employee cards which also earn unlimited 2X miles from their purchases. Capital One Spark Miles review: Rewards that are easy to earn, redeem. Dustin Waller is a YouTuber and enjoys talking about credit cards with anyone who will listen. For example, rewards can increase by 25% to 75% depending on your relationship tier with Bank of America. Editorial Disclosure:The content featured on UpgradedPoints.com has not been influenced, provided, or reviewed by the credit card companies mentioned. But after you hit $50,000 in spending, your cash back rate is just 1%. 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. 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. See our Advertiser Disclosurefor more details. But after you hit $50,000 in spending, your cash back rate is just 1%. 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