Capital One Spark Miles for Business
Rating
2 Miles per $1 on every purchase, everywhere. 5 Miles per dollar on hotels, vacation rentals and rental cars booked through Capital One Travel.
The Capital One Spark Miles for Business is a travel rewards credit card for business owners who want to earn miles on their everyday business spending. It offers a straightforward rewards structure and flexible redemption options, making it an attractive choice for companies of all sizes.
Key Features
- Annual Fee: $0 intro for the first year, then $95
- Welcome Bonus: Earn a one-time bonus of 50,000 miles - equal to $500 in travel once you spend $4,500 on purchases within 3 months from account opening
- Rewards Rate:
• 2X miles on every purchase, everywhere
• 5X miles on hotels and rental cars booked through Capital One Travel - Foreign Transaction Fees: None
Rewards and Redemption
The Spark Miles for Business card offers a simple and generous rewards program:
- Earning Miles: Cardholders earn 2 miles per dollar on all purchases, with no caps or category restrictions
- Bonus Earning: 5X miles on hotels and rental cars booked through Capital One Travel
- Redemption Options:
• Transfer miles to 15+ travel loyalty programs
• Use miles to get reimbursed for any travel purchase at a rate of 1 cent per mile
• Redeem miles for gift cards or cash back
Miles won't expire for the life of the account, providing flexibility for cardholders.
Travel Benefits
While not primarily a premium travel card, the Spark Miles offers some valuable travel perks:
- Up to $120 credit for Global Entry or TSA PreCheck application fee
- No foreign transaction fees
- Travel and emergency assistance services
Additional Perks
- Free employee cards
- Year-end summaries
- Purchase protection and extended warranty
Who Should Get This Card?
The Capital One Spark Miles for Business is ideal for:
- Business owners who want a simple way to earn travel rewards on all purchases
- Companies with significant travel expenses
- Those who value flexibility in redeeming travel rewards
- Businesses looking for a card with no foreign transaction fees
The card's flat-rate earning structure, combined with the ability to transfer miles to travel partners, makes it a versatile option for businesses of all sizes. While it may not offer the highest rewards rate in the market, its simplicity and flexibility in redemption options make it an attractive choice for many business owners.
For those who frequently travel for business and appreciate a straightforward rewards program without needing to track bonus categories, the Spark Miles for Business can provide significant value that justifies its annual fee after the first year.
It's important to note that while this card offers excellent benefits, approval is not guaranteed and depends on various factors, including credit score and business financials. Potential applicants should consider their spending habits and travel needs to determine if this card aligns with their business goals.
Pros
Simple rewards structure: Flat 2X miles on all purchases make earning rewards straightforward
Flexible redemption: Transfer miles to travel partners or use them to cover travel purchases
No foreign transaction fees: Saves money on international purchases
Cons
Annual fee after the first year: The $95 fee may not be worth it for businesses with low spending
Limited luxury benefits: Lacks premium perks on some competing business travel cards
Potentially higher value elsewhere: Other cards may offer more rewards in specific business spending categories
