Capital One Spark Miles for Business Credit Card Review

Capital One Spark Miles for Business Credit Card Review

Who Is the Capital One Spark Miles for Business Card Good For?

Capital One has made a name for itself among consumers with splashy, celebrity-filled ads, but marketing isn’t the only way the company pushes the envelope. Capital One is constantly creating new credit card offers and reward programs, each with more perks than the last.

While Capital One has appealed to leisure travelers over the years with its No Hassle Rewards and Venture Miles Rewards, it has moved into business rewards cards with the Spark Miles program. Though it carries a different name, it’s got all the upsides that No Hassle Rewards users know and love.

Though the bank also has a Spark Miles Select card that sounds like a higher-level credit card it’s not as rewarding as the regular Spark Miles card, which is Capital Ones most rewarding business credit card.

AIRLINE TRANSFER PARTNER

None

ANNUAL FEE

$59, waived the first year

APR

17.24%

RECOMMENDED CREDIT SCORE

700+

TYPE OF CARD

Visa

ISSUER

Capital One

Sign-Up Bonus:

There is a sign-up bonus of 50,000 miles credited after meeting a $4,500 minimum spend in the first three months after opening the account.

Spark® Miles Business Credit Card
Spark® Miles Business Credit Card
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Earn 50,000 miles after spending $4,500 within 3 months

Points Earned:

  • 2 miles per dollar spent on everything

What Do Your Spark Miles Get You?

The miles earned with the Capital One Spark Business card walk a line between cashback and typical travel rewards. Though they’re called miles, they aren’t really frequent flyer miles. Instead they are points redeemable for cash, gift cards or travel.

To redeem the miles for travel, book your flight, hotel or cruise, or pay for your cab or train with your credit card. Then credit your miles against the purchase once it appears on your statement. You can also call the reward booking center and have Capital One book your travel for you using your miles, so the charge never appears on your bill.

Usage Perks:

  • Ability to get your business logo on the credit card
  • No foreign transaction fees
  • Miles do not expire until the account is closed
  • Miles can be used for anything from flights to taxis with the Purchase Eraser

Usage Quirks:

  • If you miss a payment, you forfeit all miles earned during that billing cycle
  • You lose all rewards applied to your balance during a billing cycle containing a late fee

How Far Do Your Dollars Go?

Because Capital One works on a cashback or travel reimbursement-style reward system, rather than transferring points to airline and hotel programs, the value you get with this card is fixed.

All redemptions are pegged to the standard one-cent-per-dollar reward rate. Since the card earns double miles for spending in all categories, each dollar you charge to the card is earning you two cents of travel.

Additional Cardholder Benefits:

Capital One Spark Miles credit card perks
Additional travel benefits for Spark Miles cardholders

  • Free employee cards
  • Zero fraud liability
  • Quarterly and year-end itemized and customized spending summaries
  • Auto rental collision damage waiver
  • Purchase protection
  • Extended warranties
  • Travel and emergency assistance services