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Spark® Miles Select Business Credit Card

Caroline Lupini
Updated on: 07/04/2017
RE®: 98
Our Rating
Spark® Miles Select Business Credit Card
How to Apply

To apply for this offer please contact
Capital One®

For excellent credit
"It does offer one amazing thing: simplicity."

The Spark Miles Select business card isn’t one of the most talked about travel rewards credit cards, but that doesn’t mean you shouldn’t pay attention to it. The card comes with a decent 20,000 -point sign-up bonus and earns 1 miles on all purchases. Additionally, employee cards are free, there’s no annual fee and you’ll get 0% APR on purchases for the first nine months. That’s a great perk if you have a big business purchase coming up!

While it’s not the most rewarding card out there, it does offer one amazing thing: simplicity. You don’t have to keep track of bonus-earning categories for spending and your miles are always worth 1 cent each toward travel purchases. There’s nothing you need to do to maximize your rewards. If you don’t mind spending the extra time and effort researching redemptions and earning schemes to squeeze the maximum value out of your points, the Spark Miles card might not be the best option for you.

Bonuses and Benefits

Knowing what benefits come with a credit card can help you decide if it’s a good fit for you. Here we cover the bonuses and perks that the Spark® Miles Select Business Credit Card offers and the value of the Capital One Venture® Rewards miles you earn.

Bonuses

The Spark Miles card earns a sign-up bonus of 20,000 miles after spending 3,000 within the first three months of being a card member. This sign-up bonus is worth $200 when it is redeemed for travel purchases. Additionally, all Spark Miles card holders get free employee cards, which is an easy way to keep track of your business spending and earn additional rewards at the same time.

What You Get

  • Earn 20,000 points after you spend $3,000 on purchases in the first 3 months
  • Earn 1.5X on all purchases

With the Capital One, you don’t have to worry about your miles expiring as long as your account is open and in good standing. Since the Spark Miles Business card doesn’t have an annual fee, there’s no reason to close your account even if you decide you’re not going to use the card anymore. If you do want to simplify your expenses and feel the need to close your Spark Miles account, you should first redeem your rewards. If you don’t, they will be lost.

What is the value of the Venture® Rewards Miles?

Spark miles are always worth one cent each when you redeem them toward travel. This means that since you earn 1 miles per dollar spent on all of your purchases, you are effectively earning 1.5% cash back to use toward travel purchases. It doesn’t matter if you are flying economy, business, domestic or international, your Spark Miles will always be worth the same one cent per point. Redemptions are made through Capital One’s travel portal, which is run by Orbitz.

Sign-up Bonus
Flight Type
Average CPM
RE® VALUE
20,000
miles
Economy · Domestic1.5cpm$300
Business · Domestic1.5cpm$300
Economy · International1.5cpm$300
Business · International1.5cpm$300

What is CPM and How Is It Calculated?

Cents Per Mile (CPM) is a way to measure the value of miles or points. It tells you how many cents you get for each mile or point you redeem by dividing the cash price of the airline ticket by the number of miles or points the award flight costs. That amount is multiplied by the number of miles or points earned per dollar spent on everyday purchases to account for cards that earn more than one mile per dollar spent.

How we calculate CPM:

÷×100=
The final result:
1.50cpm

The Best Ways to Redeem Capital One Miles

The best way to redeem your Spark miles is through Capital One’s travel portal or by using the Purchase Eraser. If you haven’t yet booked your travel, you can book directly through Capital One’s travel portal and achieve a value of one cent per mile toward your booking. There’s no minimum to the number of points you need to redeem in this way. If you have already booked and you used your Spark card, you can apply your points to the purchase and get a statement credit, which gets you the same value of 1 cent per point. The minimum redemption for the Purchase Eraser is 2,500 miles.

The Best Way to Redeem Rewards for Travel in

Roundtrip Domestic

  • New York
    Philadelphia

    New YorkPhiladelphia

    Economy class
    Miles price
    84,300miles
    +$0 fee
    Dollars price
    $843
  • Seattle
    Los Angeles

    SeattleLos Angeles

    Economy class
    Miles price
    60,500miles
    +$0 fee
    Dollars price
    $605
  • San Francisco
    Washington

    San FranciscoWashington

    Economy class
    Miles price
    64,000miles
    +$0 fee
    Dollars price
    $640

Roundtrip International

  • New York
    Peru

    New YorkPeru

    Economy class
    Miles price
    68,390miles
    +$0 fee
    Dollars price
    $683
  • Los Angeles
    Cairo

    Los AngelesCairo

    Economy class
    Miles price
    153,768miles
    +$0 fee
    Dollars price
    $1,537
  • San Francisco
    Seoul

    San FranciscoSeoul

    Economy class
    Miles price
    141,322miles
    +$0 fee
    Dollars price
    $1,413

Roundtrip Domestic

  • Miami
    Atlanta

    MiamiAtlanta

    Business class
    Miles price
    48,400miles
    +$0 fee
    Dollars price
    $484
  • Orlando
    Las Vegas

    OrlandoLas Vegas

    Business class
    Miles price
    145,440miles
    +$0 fee
    Dollars price
    $1,454
  • Denver
    Houston

    DenverHouston

    Business class
    Miles price
    239,400miles
    +$0 fee
    Dollars price
    $2,394

Roundtrip International

  • Dallas
    Hong Kong

    DallasHong Kong

    Business class
    Miles price
    407,548miles
    +$0 fee
    Dollars price
    $4,075
  • Chicago
    Montreal

    ChicagoMontreal

    Business class
    Miles price
    55,670miles
    +$71.7 fee
    Dollars price
    $557
  • Honolulu
    San Jose

    HonoluluSan Jose

    Business class
    Miles price
    155,059miles
    +$0 fee
    Dollars price
    $1,551

Other ways you can redeem miles

Hotel Stays

Capital One doesn’t have direct hotel partners, but you can redeem your points toward hotel stays at any hotel booked through Capital One’s travel portal, or receive statement credits to cover the cost if the stay codes as a travel purchase.

Car Rental

Capital One doesn’t have direct car rental partners, but you can redeem your points toward car rentals either through Capital One’s travel portal or in the form of a statement credit.

Gift Cards

You can redeem miles for different gift cards, but the rates are not constant and are subject to change at any time. In general, you’ll get better value if you redeem for travel.

Cash Back

You can’t directly redeem your Spark miles for cash back, but if you’ve made a travel purchase, you can get a statement credit up to the amount of that purchase in exchange for the appropriate number of miles.

Everyday Earnings

One of the things that is great about the Spark Miles for Business card is that the everyday earning is very simple. You don’t need to pay attention to bonus categories or categories that rotate every quarter. Every purchase will earn 1 miles per dollar spent, and there are no caps on the number of rewards you can earn in a year. The downside to this simplicity is that there is no way to increase the number of points you earn for purchases.

Your Monthly Charges
Rewards You Will Earn Annually
36,000miles$360in dollar value
Travel
1.5miles/$1
Hotel
1.5miles/$1
Car Rental
1.5miles/$1
Grocery
1.5miles/$1
Dining
1.5miles/$1
All Other Purchases
1.5miles/$1

Travel Benefits

No Foreign Transaction Fee

You’ll never have to pay a fee to use the Spark Miles card while traveling abroad.

Earn Elite Status Fast

The Capital One Spark Miles card doesn’t offer the opportunity to earn elite status with any airline or hotel program.

Fees: the cost of Having the Card

Annual Fee:
$0
Balance Transfer Fee:
$0
Foreign Transaction Fee:
0%
Late Payment Fee:
Up to $39

Spark Miles Select is a no-fee card. You do not have to earn a certain amount of rewards in order to cover the cost since it’s free. It’s still good to know roughly how much you’ll be earning, though. We’ve broken out our estimates for the first- and second-year net earnings.

These estimates are based on an annual monthly spend of $2,000

First Year

Signup Bonus
$200
Anniversary Bonus
Everyday Rewards
$360
Statement Credit
Free Bags
Earnings
$560
Foreign Transaction Fees
-$0
APRS Charges
-$0
Annual Fee
-$0
Charges
-$0
Rewards Earned First Year
$560

Second Year

Signup Bonus
Anniversary Bonus
Everyday Rewards
$360
Free Bags
Earnings
$360
Foreign Transaction Fees
-$0
APRS Charges
-$0
Annual Fee
-$0
Charges
-$0
Rewards Earned Second Year
$360

Top 5 Benefits of the Spark Miles Select From Spark Business

There’s a lot to love about the Spark Miles Select Business credit card. The best benefit is that there are no hassles with this card—you always earn the same amount miles and they have a fixed value.

  1. No Hassle: Whatever you buy, you’re going to earn bonus miles because every dollar spent is worth 1 miles. And every time you redeem a mile for travel, you’re going to get a cent each. That means you’ll have more time to focus on your business instead of thinking about your credit card rewards.
  2. No Minimum Redemption: As long as you use Capital One’s travel portal, there is no minimum redemption to use your miles. If you have 10 miles you can use them!
  3. Flexible Travel Definition for Redemptions: You might have to call to get Capital One to redeem your miles for some travel purchases, but they are generous when they consider what counts as travel.
  4. No Foreign Transaction Fees: Don’t worry about paying extra when you travel. The Spark Miles Select card doesn’t charge foreign transaction fees.
  5. No Annual Fee: Spark Miles for Business gives you all of these great benefits without an annual fee!

Should You Get the Capital One Spark Miles Select for Business Card?

The Spark Miles Select Business credit card is a great option for the business owner who doesn’t want to spend a bunch of time thinking about credit card rewards, but still wants to earn valuable miles that can be used for travel. The Spark Miles card earns 1 miles for every dollar spent with no caps, and those miles can always be redeemed for one cent each either through Capital One’s travel portal or to erase a travel purchase as a statement credit.

When you decide to redeem your miles for a trip, take your Spark Miles card along with you because you won’t be charged foreign transaction fees on purchases made abroad. As an added bonus, the Spark Miles Select card doesn’t have an annual fee and additional employee cards are free.

Even if you don’t mind having a bunch of credit cards and scheming to get the best rewards, the Spark Select might still work for you. It isn’t the most rewarding card for some purchases, like groceries and restaurants, but it can still be a good card to have in your wallet for categories that otherwise wouldn’t earn a bonus on another credit card.

FAQs

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Spark® Miles Select Business Credit Card
For Excellent/Good Credit
Check which Capital One card is the right fit for you
How to Apply for this card

To apply for this offer please contact
Capital One®

Compare the Spark Miles Select Card to Other Cards

Capital One offers a couple of other cards that are part of the same rewards program, including Capital One Venture Rewards, the standard Spark Miles Business card and VentureOne Rewards.

Spark® Miles Business Credit CardSpark® Miles Business Credit CardVentureOne® Rewards Credit CardVentureOne® Rewards Credit CardVenture® Rewards Credit CardVenture® Rewards Credit Card
Sign-up bonus
50,000 miles20,000 miles20,000 miles40,000 miles
Annual Fee
$0 first year, then $59$0$0$0 first year, $59 next year
APR On Purchases
17.99% Variable±13.99% to 21.99% Variable±12.99% to 22.99% Variable±13.99% to 23.99% Variable±
Foreign Fee
0%0%0%0%
Bonus Value
$500$200$200$400
Second Year Value
$480$360$300$480

The main differences between these cards are the annual fees, sign-up bonuses and points earned for spending. Like the Spark Miles Select card, the Capital One VentureOne credit card has no annual fee and offers the same sign-up bonus of 20,000 miles. But instead of earning 1.5 miles per dollar spent, the VentureOne card earns only 1.25 miles.

Both the Venture and standard Spark Miles cards have a $59 annual fee that is waived the first year. The Capital One Venture offers a 40,000 miles sign-up bonus, and the Spark Miles offers 50,000 miles. The Venture and Spark both earn 1 miles per dollar spent on all purchases. If you are a big spender, it would be very easy to recoup the annual fee considering the higher earning potential offered by these cards.

Compare Venture® Rewards Credit Card to Other Cards

Even if you’re pretty sure that the Spark Select is a good choice for you, you should take a quick look at these other business credit cards and consider whether they might be a better choice.

20,000miles offer
Spark® Miles Select Business Credit Card

Check if Spark® Miles Select Business Credit Card is the best option for you

The standard Spark Miles Business card is the premium version of the Spark Miles Select card, offering a higher sign-up bonus of 50,000 miles and earning 2 miles per dollar spent on all purchases. It does, however, have an annual fee of 59 that is waived the first year.

Two other credit cards worth taking a look at are the Barclaycard Arrival Plus World Elite MasterCard and the Starwood Preferred Guest Amex card. The Barclaycard Arrival is another card that earns 2 miles for all purchases. Like Venture Rewards miles, they are also worth 1 cent each toward travel purchases. Like Venture Rewards miles, they are also worth 1 cent each toward travel purchases. It comes with an $95 annual fee.

The SPG Amex is a great option if you are looking for something that’s more rewarding, even if it’s a little more complicated to use. The points you earn with the SPG card can be transferred directly to a huge number of airline and hotel partners, as well as being redeemable for stays at Starwood properties. It has a $95 annual fee

Card Overview

Whenever you apply for a credit card make sure you read the terms and conditions of the card and the rewards program to find out about minimum spend requirements and any restrictions to ensure you can successfully obtain the card and earn the rewards it offers.

Card Details

Excellent credit score
Issuer
Capital OneCapital One
Use miles
No
Pay with points
Yes

Flight Features

Available airline
Any
Loyalty Program
Venture® Rewards
Flights Type
Domestic and International
Alliance
Not a member

Travel Partners

Airlines
Any
Hotels
Any
Car Rental
Any
Cruise
Any

Card Terms and Conditions

While it's easy to focus on the rewards offered by the Capital One VentureOne card, it's worth taking a closer look at the card's terms and conditions. There's a lot to consider as you think about how you're going to use the card. Will you carry a balance, get a cash advance or maybe make a big purchase? Below is a rundown of the various interest rates, purchase protections, security features and mobile banking options that come with the Capital One card.

Purchases

Intro APR:
0% intro APR for 9 months
Intro APR for balance transfers:
See Terms and Conditions
Ongoing APR:
13.99% to 21.99% Variable±
Minimum Grace Period:
25 days
Extended Warranty Protection:
You'll get additional warranty protection at no charge on eligible items that are purchased with your business card, up to one year past the manufacturer's warranty.
Purchase Protection:
Enjoy coverage for eligible items you buy with your Spark Business card if they are lost or stolen within 90 days of your purchase.

Cash Advance Features

Ongoing APR:
23.74% Variable ±
Cash Advance Fee:
Either $10 or 3% of the amount of each cash advance, whichever is greater

Security and Protections

With the Capital One Spark Select card, you don’t have to worry about unauthorized purchases because you’ll always be covered. Additionally, Spark offers account alerts, banking on the go through the Capital One Mobile App and EMV Chip + Signature technology.

Account alerts:
Get personalized emails and text messages about your account and recent activity.
Banking on the Go:
Track your account with the Capital One Mobile App.
EMV Chip Technology:
Get global acceptance and enhanced Chip + Signature security at merchants that use chip enabled terminals.
24/7 Account Monitoring:
Capital One will keep a constant eye on your account and let you know if there’s any unusual activity.

Mobile banking

Capital One offers mobile banking through their iOS and Android Apps. You can view your recent activity through the app so you can notice unauthorized purchases right away.

Chase Mobile Banking: Use the Chase Mobile app to pay bills, transfer money, check balances, deposit checks and more. This all-in-one banking app is secure, flexible and user-friendly.

Apple Pay, Android Pay and Samsung Pay: Available with the Capital One Spark Select.

Capital One Mobile App: Spot unauthorized activity and monitor your spending through Capital One’s Mobile App.

Additional Cardholder Benefits

The Capital One Spark Business credit card doesn’t offer a ton of issuer benefits, but it does offer an car rental insurance and emergency assistance.

Visa Signature Travel Benefits

Auto Rental Collision Damage Waiver:
Coverage for theft and collision for most rentals in the U.S. and abroad, excluding luxury cars. Coverage is secondary to your personal insurance, so you will need to make any claims to your own insurance first. The Spark card will cover what is not covered by your own insurance.
Travel and Emergency Assistance Services:
Legal, medical and other travel and emergency assistance is available any time of day. Service charges apply.