GET.com's Review of Capital One® Spark® Miles for Business
|Highlights||Credit Card Feature|
|Things We Like||Limited Time Offer: Earn up to 200,000 bonus miles worth up to $2,000 to spend on travel-flights, hotels and more|
|Our Least Favorite||$0 intro annual fee for the first year, $95 after that|
|Our Verdict||Great card for earning unlimited 2 miles for every $1 spent on purchases|
- Limited Time Offer: Earn up to 200,000 bonus miles worth up to $2,000 to spend on travel—flights, hotels and more
- Earn 50,000 bonus miles when you spend $5,000 in the first 3 months and earn 150,000 bonus miles when you spend $50,000 in the first 6 months of your 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
- Earn 5X miles on hotel and rental car bookings through Capital One Travel℠ using a Spark Miles card
- Transfer your miles to 10+ leading travel loyalty programs like JetBlue™, Air Canada, and Emirates™
- 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 Pre✓® application fee or the $100 Global Entry application fee
- $0 intro annual fee for the first year; $95 after that
- Intro APR
- Annual Fee
$0 intro for first year; $95 after that
- Regular APR
- Credit Required
Capital One® Spark® Miles for Business, issued by Capital One, is a good choice of card if you are a business owner who travels frequently for business, and would like to earn travel rewards on your business spending. This card helps you earn miles faster on your business spending by giving you unlimited 2 miles for every dollar spent on everyday purchases. The great thing about these miles is that they won't expire, don't have any maximum limit, and can be redeemed for travel, merchandise, gift cards or even cash!
Things We Like About Capital One® Spark® Miles for Business
Limited Time Offer: Earn up to 200,000 bonus miles worth up to $2,000 to spend on travel-flights, hotels and more. This is a very attractive offer for new card members. Earn 50,000 bonus miles when you spend $5,000 in the first 3 months and earn 150,000 bonus miles when you spend $50,000 in the first 6 months of your account opening.
Earn unlimited 2 miles for every $1 spent on purchases. For all purchases that are made with this card, you will receive unlimited 2 miles for every $1 you spend, which is a very good deal since most credit cards only offer 1 mile per $1, but here you get double miles. You can also earn 5X miles on hotel and rental car bookings through Capital One Travel℠ using a Spark Miles card.
Miles can be redeemed for cash, merchandise, gift cards or travel. Another advantage you have with this card is that you can use your miles for more than just traveling; you can also redeem them for cash, gift cards, merchandise or transfer your miles to participating airlines.
Two ways to redeem your miles for travel: (1) Contact their Rewards Center toll-free to book your travel, or (2) Buy your travel (flights, travel packages, etc.) anywhere you choose, from any website or any travel agency, with your Spark Miles card. You'll then have 90 days from the date your travel purchase posts to your account to call their Rewards Center or redeem your miles online to be reimbursed for the cost of the travel purchase.
No limit on the amount of miles you earn and miles won't expire. You will not feel pressured to spend your miles by a certain date or to only be allowed to accumulate a certain amount since they don't expire and you can feel free to accumulate them for as long as you want.
No blackout dates or seat restrictions when booking air tickets on most major airlines. You will be able to get a seat (if any is available) in any class you desire and to any destination.
No foreign transaction fees. This can be very useful if you travel a lot since you don't pay any foreign transaction fee when using the card abroad.
Free itemized report on your business spending. At the end of every year, so as to help you better organize your finances, spot any tax deductions and plan the next year's budget, you will receive a free itemized report of all your spending that current year.
$0 Fraud Liability Protection. To make you feel more secure and protected, this card also includes a $0 Fraud Liability Protection, so if your card is ever lost or stolen, you will not be held responsible for any unauthorized charges from your card.
Purchase Security and Extended Protection. Purchase Security automatically protects most purchases you make with your business credit card within 90 days of purchase in the event of damage, loss, theft, or fire, up to a maximum of $10,000 per claim and $50,000 per cardholder. Extended protection doubles the time period of the original manufacturer's written U.S. warranty up to 1 year on warranties of three years or less.
Have your company's logo on your card. With Capital One Image Card, you can easily upload your company's logo or a photo of your business. This customized card design helps you promote your business every time you use your card.
Auto rental collision damage waiver. When you rent a car with this business credit card, you'll be covered with collision, damage, and loss insurance.
Travel and emergency assistance. When you're traveling for business anywhere, you can feel more secure knowing you can rely on a number of Visa emergency services 24/7 such as ticket replacement, medical or legal referrals and more.
Various discounts. This credit card also offers various discounts to help you save money on things like dining and staying at certain business hotels.
Online Banking. You can access and manage your account whenever it's convenient for you. With online banking, you can view account activity, pay bills, view and download up to 13 months of statements, and more.
Award-winning small business customer service. No more recorded messages or being put on hold. If you have any questions, call them toll-free at 1-800-867-0904, and their representatives, who are specially trained to deal with business owners, will help you.
Our Least Favorite Things About Capital One® Spark® Miles for Business
No introductory APR on purchases or balance transfers. Right from the start you get a 18.49% variable APR (which is reasonable) for purchases and balance transfers. Most credit cards, on the other hand, usually come with an introductory APR on purchases or balance transfers for the first few months. To avoid paying any interest, always pay in full and make your payments on time.
After the first year you will have to pay an annual fee. This card has a $0 intro annual fee for the first year, $95 after that.
How Other Cards Compare With Capital One® Spark® Miles for Business
If you like to keep things simple, Capital One® Spark® Miles for Business with its high rate of miles for all purchases and easy redemption towards any travel purchases is one of the best business travel cards you can get.
Capital One® Spark® Miles for Business is quite an attractive business credit card with lots of good deals and benefits to offer you and even your business. This card is especially ideal for someone who travels often, since it offers many travel-related benefits and lets you redeem your miles for any travel purchase.
One of this card's most attractive features is that you get unlimited 2 miles for every $1 you spend on all purchases. Plus as a limited time welcome offer you get to earn 50,000 miles if you spend at least $5,000 on purchases within the first 3 months from account opening and earn 150,000 bonus miles when you spend $50,000 in the first 6 months of your account opening. Redeem these bonus miles on any of your travel purchases (you can buy your travel tickets from any website or any travel agency and on any airline), or you can use them to redeem for other rewards such as merchandise or gift cards. Your miles don't expire and there's no cap on how many miles you can earn!
As with all Capital One business cards, you get benefits such as a year-end summary, employee cards, customized card design, purchase security and extended protection, $0 Fraud Liability, and many more. If you travel often for business, Capital One® Spark® Miles for Business could just be the right card for you as it gives you double miles on all your spending.
See more Capital One credit cards.