SOME CARD INFO MAY BE OUTDATED
This page includes information about the Capital One® Spark® Miles Select for Business, currently unavailable on NerdWallet. The information about the Capital One® Spark® Miles Select for Business has been collected by NerdWallet and has not been provided or reviewed by the card issuer.Our Take
4.7
NerdWallet rating
The bottom line:
A great option for small-business operators who prize simplicity in a travel rewards program, or whose spending doesn't fit neatly into the bonus categories of other travel cards.
Capital One Spark Miles for Business
Annual fee
$0 intro for the first year, then $95
Regular APR
25.74% Variable APR
Intro APR
N/A
Apply now
on Capital One's website
More details from Capital One
- 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
- 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
- Unlimited 5X miles on hotels, vacation rentals and rental cars booked through Capital One Travel
- 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
- Receive up to a $120 credit for Global Entry or TSA PreCheck®
- $0 intro annual fee for the first year; $95 after that
- Free employee cards which also earn unlimited 2X miles from their purchases
View Rates & Fees
Pros & Cons
Pros
- High rewards rate
- New cardholder bonus offer
- No reward caps
- Statement credit for Global Entry, TSA PreCheck®
- Annual fee waived for first year
Cons
- Reports all card activity to consumer credit bureaus
- Does not include lounge access or automatic elite status
Compare to Other Cards
at Capital One | at Chase | at American Express |
Annual fee $95 | Annual fee $95 | Annual fee $375 |
Regular APR 25.74% Variable APR | Regular APR 20.49%-26.49% Variable APR | Regular APR 18.49%-27.49% Variable APR |
Intro APR N/A | Intro APR N/A | Intro APR 0% intro APR on purchases for 6 months from the date of account opening |
Recommended credit score 690-850good - excellent | Recommended credit score 690-850good - excellent | Recommended credit score 690-850good - excellent |
Full Review
For business owners who travel frequently, the
Capital One Spark Miles for Business
is a simple but valuable choice.You'll earn double miles on your purchases, and that rate increases for hotel and rental car bookings made via Capital One Travel. Those miles are easy to redeem, too. You can use them toward various kinds of travel purchases — flights, hotels, vacation packages and more — or you can opt to transfer your miles to more than a dozen travel partners.
The card also comes with useful perks, including a Global Entry or TSA Precheck credit.
There is an annual fee, however. And if it's cash back you're interested in, you'll want to look elsewhere.
Key features of the Capital One Spark Miles for Business
Card type: Small business.
Annual fee:
$0 intro for the first year, then $95
.Sign-up bonus:
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.
Ongoing rewards: Earn double miles on every purchase.
Redemption options:
Miles are worth a penny apiece when you:
- Use Capital One's travel portal to book travel.
- Book travel with your card elsewhere, then use your miles to get reimbursed via a statement credit against your travel purchase. Unlike the points or miles in programs tied to a specific airline or hotel chain, these rewards allow you to book how you want, with no blackout dates or exclusions. You can redeem miles for all or just part of a travel expense within 90 days of it posting to your account.
You can also transfer miles to one of more than a dozen airline and hotel programs, but not always at a 1:1 ratio. (More on that below.)
🤓 Nerdy Tip
You can redeem miles for gift cards, cash back and more, but usually at a lower value per point, and we don't recommend it. If you expect you'll want cash back, consider a cash-back credit card.APR:
The ongoing APR is 25.74% Variable APR
.Foreign transaction fees: None.
Other benefits:
- Global Entry or TSA Precheck application fee credit.
- Employees receive free cards and earn rewards from their purchases; you can customize spending limits on employee cards and see all transactions.
- Year-end itemized report of spending and easy to download purchase record.
Why you might want the Capital One Spark Miles for Business
Simple, generous rewards
Unlike some other travel rewards cards with a tiered points system, the
Capital One Spark Miles for Business
card is much less complex. Its flat rewards rate — double miles on everything — makes it ideal for a business whose expenses are all over the map or don't easily fit into the typical bonus categories for business credit cards. And if you use the card for working capital, it can really supercharge your earning. Put $10,000 a month in inventory purchases on the card, for example, and you're looking at 240,000 miles at the end of the year — good for $2,400 worth of travel.Flexibility in redemption
You can redeem miles for any airline, hotel or vacation package purchase at a rate of a penny per mile, and there are no blackout dates or restrictions on when or how you travel. But you can also transfer miles to one of more than a dozen travel partners. This can be especially useful for international travelers, although it's important to note that the transfer ratio is not always 1:1.
Airlines
- Aeromexico (1:1 ratio).
- Air Canada (1:1 ratio).
- Air France-KLM (1:1 ratio).
- Avianca (1:1 ratio).
- British Airways (1:1 ratio).
- Cathay Pacific (1:1 ratio).
- Emirates (1:1 ratio).
- Etihad (1:1 ratio).
- EVA (2:1.5 ratio).
- Finnair (1:1 ratio).
- Qantas (1:1 ratio).
- Singapore Airlines (1:1 ratio).
- TAP Air Portugal (1:1 ratio).
- Turkish Airlines (1:1 ratio).
Hotels
- Accor (2:1 ratio).
- Choice Privileges Hotels (1:1 ratio).
- Wyndham Rewards (1:1 ratio).
A HEFTY sign-up bonus
The introductory offer can potentially take a chunk out of your travel budget if you spend enough to earn it.
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.
No foreign transaction fee
Many credit cards tack on a fee of 3% on every overseas purchase. If you frequently travel internationally with your business, or if you buy inventory while abroad, that could get expensive for both yourself and your employees. But like all Capital One cards, the
Capital One Spark Miles for Business
doesn't charge this fee.Capital One Spark Miles for Business vs. other Spark cards
Capital One business credit cards are split into two categories: cash back and travel. Among the two travel cards, Spark Miles offers higher rewards than Spark Miles Select, along with an annual fee after one year. (See rates and fees.) Among the three cash-back cards, Spark Cash is the most premium, followed by Spark Cash Select.
View rates and fees of
Capital One Spark Cash Plus
.View rates and fees of
Capital One Spark Cash Select
.View rates and fees of
Capital One Spark Miles for Business
.Why you might want a different card
There's an annual fee
At an effective rewards rate of 2% for most purchases, this card will pay for its annual fee with $4,750 a year in purchases. If you just can't stomach an annual fee, however, consider the no-fee "Select" version of this card — the
Capital One® Spark® Miles Select for Business
. It earns only 1.5 miles back on all purchases, but its annual fee is $0
. Looking for the break-even point between the two cards? If you spend above $19,000 a year, the rewards you'd earn at a 2X rate would top a 1.5X rate, even taking into account the annual fee on the Capital One Spark Miles for Business
. (See rates and fees.)You could also consider
The American Express Blue Business Cash™ Card
. It earns 2% cash back on eligible purchases, but only up to $50,000 in spending per calendar year (1% back after that). The annual fee is $0
. Terms apply (see rates and fees).You can find Higher rewards
The
Ink Business Preferred® Credit Card
comes with an annual fee, but it has a tiered rewards structure: You earn 3 points per $1 on the first $150,000 spent on travel and select business categories each account anniversary, and 1 point per $1 on all other purchases. Those business categories include shipping; internet, cable and telephone services; and advertising purchases with social media sites and search engines. If your spending aligns with those categories, your points could add up quickly. Points are worth a penny each when redeemed for cash, and 25% more when redeemed for travel through Chase Ultimate Rewards®.There's no 0% intro APR period
If you’re looking to finance business purchases upfront, you’ll also want to turn to another card. The aforementioned
The American Express Blue Business Cash™ Card
could be a good pick. It offers an intro 0% intro APR on Purchases for 12 months, and then the ongoing APR of 17.49%-25.49% Variable APR
. Terms apply.To learn more about business credit card options, see NerdWallet's list of the best credit cards to have.
Should you get the Capital One Spark Miles for Business?
If you’re a small-business owner looking for a flexible and straightforward travel rewards card, the
Capital One Spark Miles for Business
could be a great fit. But if you routinely spend more in specific categories, other cards can be more rewarding. And if you're more interested in cash back, this is not the right pick for you.To view rates and fees of
The American Express Blue Business Cash™ Card
, see this page.Apply now
on Capital One's website
New elevated offer
